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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (23,817) $ (7,586)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,465 1,081
Amortization of deferred financing costs 60 0
Stock-based compensation 4,486 2,671
Provision for inventory write-down 1,086 705
Provision for credit losses, net of recoveries (184) (752)
Provision for sales returns 541 1,448
Provision for warranty expense 70 121
Unrealized loss on foreign currency transactions 1,396 874
Subsidiary dissolution 0 (68)
Loss on disposal of property, plant and equipment 40 0
Changes in operating assets and liabilities, excluding effects of acquisition:    
Accounts receivable 26,466 6,418
Other receivable (7,449) 126
Inventories (2,060) (14,557)
Contract assets (29) 1,261
Prepaid expenses and other assets (3,818) (4,557)
Accounts payable (11,316) 1,586
Contract liabilities (3,265) (43)
Accrued and other liabilities 159 540
Net cash used in operating activities (15,169) (10,732)
Cash flows from investing activities:    
Proceeds from disposal of property, plant and equipment and other assets 1,790 0
Purchases of property, plant and equipment (775) (1,317)
Net cash provided by (used in) investing activities 1,015 (1,317)
Cash flows from financing activities:    
Repayments of long-term borrowings (313) 0
Proceeds from short-term borrowings and line of credit, net 8,918 0
Proceeds from related party term loan 4,059 0
Repayments of related party term loan (5,845) 0
Payments for debt issue costs (122) (178)
Proceeds from exercise of stock awards and employee stock plan purchases (87) 156
Net cash provided by (used in) financing activities 6,610 (22)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 96 (903)
Net change in cash, cash equivalents and restricted cash (7,448) (12,974)
Cash, cash equivalents and restricted cash at beginning of period 38,464 53,639
Cash, cash equivalents and restricted cash at end of period 31,016 40,665
Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets    
Cash and cash equivalents 28,892 34,160
Restricted cash 1,975 6,343
Long-term restricted cash 149 162
Cash, cash equivalents and restricted cash 31,016 40,665
Cash paid during the period for:    
Interest - bank and trade facilities 660 36
Interest - related party 64 0
Income taxes $ 480 $ 283