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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (8,878) $ (15,417)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 3,273 4,099
Provision for severance benefits 1,514 1,405
Loss (gain) on foreign currency, net (35) 10,226
Provision (reversal) for inventory reserves 1,208 (947)
Stock-based compensation 1,030 900
Deferred income taxes (415) 1,313
Others, net 225 263
Changes in operating assets and liabilities    
Accounts receivable, net 635 1,401
Inventories (3,259) 801
Other receivables (811) (385)
Prepaid expenses 1,233 905
Other current assets 970 331
Accounts payable 2,542 563
Other accounts payable (2,622) (5,256)
Accrued expenses (111) (2,045)
Accrued income taxes (6) 167
Other current liabilities (901) (387)
Other non-current liabilities 354 (624)
Payment of severance benefits (325) (884)
Others, net (290) (401)
Net cash used in operating activities (4,669) (3,972)
Cash flows from investing activities    
Purchase of property, plant and equipment (208) (668)
Payment for intellectual property registration (63) (60)
Collection of guarantee deposits 21 1,133
Payment of guarantee deposits (139) (1,874)
Others, net 0 1
Net cash used in investing activities (389) (1,468)
Cash flows from financing activities    
Proceeds from long-term borrowing 0 30,059
Acquisition of treasury stock (1,306) (4,659)
Repayment of financing related to water treatment facility arrangement (111) (121)
Repayment of principal portion of finance lease liabilities (38) (35)
Net cash provided by (used in) financing activities (1,455) 25,244
Effect of exchange rates on cash and cash equivalents 557 (6,294)
Net increase (decrease) in cash and cash equivalents (5,956) 13,510
Cash and cash equivalents at beginning of period 138,610 158,092
Cash and cash equivalents at end of period 132,654 171,602
Supplemental cash flow information    
Cash paid for interest on long-term borrowing 321 0
Cash paid (refund) for income taxes (337) 270
Non-cash investing activities    
Property, plant and equipment additions in other accounts payable 1,840 285
Non-cash financing activities    
Unsettled common stock repurchases $ 247 $ 0