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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net (loss) income $ (27,082) $ 241
Adjustments to reconcile net (loss) income to net cash used for operating activities:    
Depreciation, amortization, and impairment 571 878
Gain on contract termination (300) 0
Share-based compensation 4,696 1,749
Amortization of debt issuance costs and discounts 8,015 174
Other, net 71 (239)
Changes in operating assets and liabilities:    
Trade and other receivables, net (1,228) (3,177)
Inventories (252) (1,299)
Prepaid expenses and other assets 1,083 1,217
Accounts payable 146 48
Accrued expenses and other liabilities (2,408) (3,469)
Deferred revenue (12,582) 2,439
Net cash used for operating activities (29,270) (1,438)
Investing activities:    
Capital expenditures (144) (979)
Net cash used for investing activities (144) (979)
Financing activities:    
Proceeds from issuance and exercise of warrants 0 8,342
Proceeds from shares issued under employee stock purchase plan 30 31
Proceeds from exercise of stock options, net 732 0
Repayment of debt principal including lease liabilities (18) (12,548)
Premium paid to retire debt 0 (1,027)
Payments for taxes on share-based compensation (1,100) (11)
Net cash provided by financing activities 83,435 61
Net increase (decrease) in cash and cash equivalents 54,021 (2,356)
Cash and cash equivalents:    
Cash and cash equivalents at beginning of period 23,872 27,273
Cash and cash equivalents at end of period 77,893 24,917
Supplemental disclosures of cash flow information:    
Cash payments for income taxes 305 0
Cash payments for interest 5,566 2,827
At-the-market offering    
Financing activities:    
Proceeds from common stock issued under public equity offering 11,817 5,274
Public Equity Offering    
Financing activities:    
Proceeds from common stock issued under public equity offering $ 71,974 $ 0