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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (22,230) $ (82,667)
Loss from discontinued operations, net of income tax 3,319 10,643
Loss on sale of discontinued operations 2,803 0
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,566 5,633
Impairment of long-lived assets 0 499
Loss on extinguishment of debt 0 375
Bargain purchase gain (41,544) 0
Amortization of deferred financing costs 1,554 234
Stock-based compensation 6,667 10,934
Provision for inventory write-down, net of recoveries (965) 11,175
Provision for credit losses, net of recoveries 744 3,010
Provision for sales returns, net of recoveries (855) 4,255
Provision for warranty expense, net of recoveries 20 (229)
Unrealized loss on foreign currency transactions 484 282
Loss on disposal of property, plant and equipment 0 56
Changes in operating assets and liabilities, excluding effects of acquisition:    
Accounts receivable 13,254 35,236
Other receivable (1,158) 724
Inventories 1,892 (11,624)
Contract assets 228 (183)
Prepaid expenses and other assets (2,543) (1,253)
Accounts payable 16,060 (19,377)
Contract liabilities (3,496) (8,647)
Accrued and other liabilities (7,864) 7,225
Net cash used in operating activities from continuing operations (28,064) (33,699)
Net cash used in operating activities from discontinued operations (9,807) (7,520)
Net cash used in operating activities (37,871) (41,219)
Cash flows from investing activities:    
Proceeds from disposal of property, plant and equipment and other assets 0 1,829
Purchases of property, plant and equipment (366) (964)
Acquisition of business, net of cash acquired (7,326) 0
Net cash provided by (used in) investing activities from continuing operations (7,692) 865
Sale of discontinued operations, net of cash transferred (35) 0
Net cash used in investing activities from discontinued operations (99) (444)
Net cash provided by (used in) investing activities (7,826) 421
Cash flows from financing activities:    
Proceeds from private placement of shares 9,925 0
Intra-group loan from discontinued operations 0 34,100
Proceeds from long-term borrowings 15,000 0
Repayments of long-term borrowings 0 (24,073)
Repayments of short-term borrowings and line of credit, net 0 (4,302)
Payments for debt issue costs (847) (198)
Payments of contingent consideration 0 (347)
Proceeds from exercise of stock awards and employee stock plan purchases, net of taxes (171) (259)
Net cash provided by financing activities from continuing operations 23,907 4,921
Net cash provided by financing activities from discontinued operations 7,997 1,651
Net cash provided by financing activities 31,904 6,572
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,380) 914
Net change in cash, cash equivalents and restricted cash (15,173) (33,312)
Cash, cash equivalents and restricted cash at beginning of period 20,909 38,464
Cash, cash equivalents and restricted cash at end of period 5,736 5,152
Reconciliation of cash, cash equivalents and restricted cash to statement of financial position    
Cash and cash equivalents 4,297 2,332
Restricted cash 1,439 62
Cash, cash equivalents and restricted cash held for sale 0 2,758
Cash, cash equivalents and restricted cash 5,736 5,152
Cash paid during the period for:    
Interest - bank and trade facilities 1,803 2,370
Income taxes 50 235
Interest - bank and trade facilities 187 90
Interest - related party 0 159
Income taxes $ 32 $ 487