Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities:    
Net loss $ (52,666) $ (37,232)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,583 6,579
Non-cash lease expense 2,254 2,438
Loss on disposal of fixed assets 5,762 39
Change in fair value of derivative and other accrued liabilities (7) (15)
Change in fair value of consideration payable 2,463 2,447
Provision for slow moving and obsolete inventory 4,571 822
Provision for credit losses 7,250 903
Stock-based compensation 1,753 1,950
Changes in operating assets and liabilities:    
Accounts receivable 2,496 (6,990)
Inventory 961 2,239
Prepaid expenses and other current assets (1,279) 1,349
Other assets (25) 26
Accounts payable and accrued expenses (5,697) (1,099)
Other liabilities (400)
Lease liabilities (1,794) (2,052)
Deferred revenue 251 2,861
Total Adjustments 24,142 11,497
Net Cash Used In Operating Activities (28,524) (25,735)
Cash Flows From Investing Activities:    
Proceeds from sale of marketable securities 13,630 5,500
Proceeds from sale of equity method investment 223
Purchase of marketable securities (634)
Capitalization of engineering costs (205) (155)
Purchases of property and equipment (3,542) (8,584)
Net Cash Provided By (Used In) Investing Activities 10,106 (3,873)
Cash Flows From Financing Activities:    
Proceeds from sale of common stock in public offering, net [1],[2] 891 25,070
Repayment of note payable (37,881)
Repayment of financing liability in connection with finance lease (17) (375)
Payment of financing liability in connection with internal use software (286)
Net Cash Provided By (Used In) Financing Activities 874 (13,472)
Effect of Exchange Rate Changes on Cash and Cash Equivalents and Restricted Cash 1,094 136
Net Decrease In Cash and Cash Equivalents and Restricted Cash (16,450) (42,944)
Cash and Cash Equivalents and Restricted Cash - Beginning of Period 41,852 98,800
Cash and Cash Equivalents and Restricted Cash - End of Period 25,402 55,856
Cash and cash equivalents and restricted cash consisted of the following:    
Cash and cash equivalents 25,318 55,781
Restricted cash 84 75
Cash and cash equivalents and restricted cash 25,402 55,856
Cash paid during the period for:    
Interest 71 1,436
Income taxes 28 233
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 351 653
Property and equipment obtained in exchange for finance lease obligations 53
Common stock issuance, net 825
Transfer of inventory to property and equipment $ 952 $ 130
[1] For the six months ended June 30, 2024, includes gross proceeds of $25,651, less issuance costs of $581.
[2] For the six months ended June 30, 2025, includes gross proceeds of $909, less issuance costs of $18.