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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net loss $ (93,051) $ (89,175)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 39,235 37,762
Stock-based compensation 37,942 34,282
Amortization of debt discount and debt issuance costs 8,923 2,119
Amortization of right-of-use assets 2,465 2,225
Write-down for excess and obsolete inventories 7,944 6,857
Loss on disposal of assets 1,700 2,151
Loss on debt extinguishment 17,576 0
Gain on derivative liability (620) 0
Other 4,148 4,988
Changes in operating assets and liabilities:    
Accounts receivable (16,249) (15,293)
Inventories (915) (42,857)
Prepaid expenses and other current assets 423 (119)
Other assets 152 (785)
Accounts payable (1,650) 22,162
Accrued expenses 4,677 (10,676)
Lease liabilities (2,416) (2,439)
Contract liabilities 784 (2,017)
Other long-term liabilities (559) 983
Net cash provided by (used in) operating activities 10,509 (49,832)
Investing activities:    
Purchase of property and equipment (20,258) (65,412)
Purchase of intangible assets (3,527) (4,100)
Net cash used in investing activities (23,785) (69,512)
Financing activities:    
Proceeds from issuance of convertible notes, net 392,850 0
Repurchase of convertible notes (268,231) 0
Repayment of revolving credit facility (56,892) (84,000)
Purchase of capped calls (42,485) 0
Proceeds from revolving credit facility 7,792 88,400
Payment of debt issuance costs (706) 0
Net cash paid for common stock exercises (645) (5,023)
Other (558) (505)
Net cash provided by (used in) financing activities 31,125 (1,128)
Effect of exchange rate changes on cash 374 (670)
Net change in cash and cash equivalents 18,223 (121,142)
Cash and cash equivalents at beginning of period 138,840 220,970
Cash and cash equivalents at end of period 157,063 99,828
Supplemental disclosure of cash flow information:    
Cash paid for interest 11,717 9,758
Cash paid for income taxes 348 275
Supplemental disclosure of noncash activities:    
Financed insurance 1,347 1,156
Purchases of property and equipment in accounts payable and accrued expenses 695 3,310
Purchase of intangible assets in accrued expenses 1,681 0
Recognition of derivative liability 124,062  
Recognition of lease liabilities $ 66 $ 11,517