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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows used in operating activities    
Net income (loss) $ 75,175 $ (3,885)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 2,176 2,000
Gain on sale of discontinued operations, net of taxes (99,546)  
Gain on investment   (132)
Amortization of debt issuance costs 113 28
Stock-based compensation expense 7,854 2,973
Loss on disposal of property and equipment 99  
Changes in operating assets and liabilities:    
Accounts receivable 5,500 (1,006)
Inventories 2,005 (512)
Prepaid expenses and other assets (2,130) (1,206)
Accounts payable (2,042) (2,715)
Deferred revenue 311 723
Accrued income taxes payable (220) 49
Accrued expenses and other liabilities 1,195 69
Net cash used in operating activities (9,510) (3,614)
Cash flows from investing activities:    
Capital expenditures (873) (3,139)
Proceeds from sale of discontinued operations, net of cash sold 143,394  
Proceeds from investment   132
Net cash provided by (used in) investing activities 142,521 (3,007)
Cash flows from financing activities:    
Borrowings under revolving loan facility, net of issuance costs 9,887 18,911
Repayments under revolving loan facility (20,000) (9,000)
Taxes paid related to net share settlement of restricted stock units (1,599) (415)
Proceeds from exercise of warrants   963
Net cash provided by (used in) financing activities (11,712) 10,459
Effect of exchange rates on cash, cash equivalents, and restricted cash 62 (47)
Net increase in cash, cash equivalents, and restricted cash 121,361 3,791
Cash, cash equivalents, and restricted cash at beginning of period 24,384 17,137
Cash, cash equivalents, and restricted cash at end of period 145,745 20,928
Supplemental disclosures of cash flow information:    
Interest paid 324 335
Taxes paid, net 1,747 58
Non-cash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 368 $ 2,306