Cash Flow

v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:      
Net loss $ (198,132) $ (203,693) $ (91,560)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 13,407 12,441 9,547
Non-cash lease expense 3,666 2,128 997
Impairment of goodwill 126,984 89,087
Impairment of intangible assets 5,143
Change in fair value of contingent consideration (1,375) (1,499)
Change in fair value of derivative and other accrued liabilities 10 8
Provision for credit losses 1,720 2,555 1,336
(Gain) loss on extinguishment of notes payable (36) 1,000
Loss (gain) on disposal of property and equipment 679 (11) 113
Provision for slow moving and obsolete inventory 2,352 527 78
Change in fair value of consideration payable 2,910
Gain on settlement of accounts payable, net 24
Stock-based compensation 3,525 22,039 15,913
Changes in operating assets and liabilities:      
Accounts receivable (2,036) (23,677) (11,869)
Inventory 500 (15,362) (24,283)
Prepaid expenses and other current assets 2,231 (2,134) (1,782)
Other assets 68 941 2
Accounts payable, accrued expenses, and other current liabilities (4,930) 6,977 16,309
Other liabilities 815 (307) 18
Operating lease liabilities (3,222) (3,672) (825)
Deferred revenue 2,327 9,791 5,140
Total Adjustments 150,970 106,123 9,195
Net Cash Used In Operating Activities (47,162) (97,570) (82,365)
Cash Flows From Investing Activities:      
Note receivable (2,200)
Proceeds from sale of marketable securities 10,500 16,442
Purchase of marketable securities (1,160) (39,412)
Purchase consideration of SemaConnect, net of cash acquired (38,338)
Proceeds from sale of property and equipment 3,425
Purchase consideration of Envoy, net of cash acquired (4,660)
Capitalization of engineering costs (1,028) (294)
Purchase consideration of Electric Blue, net of cash acquired (11,360)
Purchases of property and equipment (8,617) (7,552) (5,249)
Net Cash Provided By (Used In) Investing Activities 4,148 (36,210) (57,441)
Cash Flows From Financing Activities:      
Proceeds from sale of common stock in public offering [1],[2],[3] 26,396 208,865 7,386
Proceeds from exercise of options and warrants 835 220
Repayment of financing liability in connection with finance lease (596) (2,837) (217)
Repayment of notes payable (37,881) (9,292) (681)
Other (338) (256) (315)
Net Cash (Used In) Provided By Financing Activities (12,419) 197,315 6,393
Effect of Exchange Rate Changes on Cash and Cash Equivalents (1,515) (1,368) (4,830)
Net (Decrease) Increase In Cash and Cash Equivalents and Restricted Cash (56,948) 62,167 (138,243)
Cash and Cash Equivalents and Restricted Cash - Beginning of Year 98,800 36,633 174,876
Cash and Cash Equivalents and Restricted Cash - End of Year 41,852 98,800 36,633
Cash and cash equivalents and restricted cash consisted of the following:      
Cash and cash equivalents 41,774 98,721 36,562
Restricted cash 78 79 71
Cash paid during the year for:      
Interest 1,517 3,605
Income taxes 218 73
Non-cash investing and financing activities:      
Right-of-use assets obtained in exchange for lease obligations 3,205 7,401 1,787
Property and equipment obtained in exchange for finance lease obligations 53 2,798 931
Transfer of inventory to property and equipment (6,242) (1,786) (5,283)
Reclassification of liability to equity 825
Common stock issued in satisfaction of accrued issuable equity 2,600
Common stock issued as purchase consideration of SemaConnect 113,837
Common stock issued as purchase consideration of Electric Blue 2,852
Intangible assets obtained in exchange for financing liability 122 660
Note receivable applied to purchase consideration of Envoy (1,321)
Surrender and cancellation of common stock $ (197)
[1] For the year ended December 31, 2022, includes gross proceeds of $7,697, less issuance costs of $311.
[2] For the year ended December 31, 2023, includes gross proceeds of $216,662, less issuance costs of $7,796.
[3] For the year ended December 31, 2024, includes gross proceeds of $27,004, less issuance costs of $608.

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