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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (41,541) $ (44,311)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,767 2,378
Stock-based compensation expense 4,745 5,363
Amortization of debt discount and debt issuance costs 3,765 1,333
Amortization of right-of-use asset 1,472 1,349
Change in fair value of common stock warrant liability 2,469 3,905
Change in fair value of derivative liability (2,493) 222
Non-cash interest charges 1,110 388
Change in allowance for credit losses (171) (1)
Changes in assets and liabilities:    
Accounts receivable, net (4,877) (3,573)
Prepaid expenses and other current assets (2,413) (913)
Other non-current assets (1,883) (937)
Accounts payable (1,433) (1,453)
Accrued expenses and other current liabilities (267) (6,885)
Operating lease liabilities (1,787) (1,563)
Other non-current liabilities 67 2
Net cash used in operating activities (40,470) (44,696)
Cash flows from investing activities    
Purchase of property and equipment (1,891) (3,005)
Net cash used in investing activities (1,891) (3,005)
Cash flows from financing activities    
Proceeds from convertible notes offering, net of issuance costs 72,813 0
Proceeds from exercise of stock options 1,430 1,694
Payments of exit, prepayment penalty and lender fees (1,066) (1,291)
Payments of deferred offering costs (2,028) 0
Net cash provided by financing activities 71,149 403
Effect of foreign exchange rates 55 (99)
Net increase (decrease) in cash, cash equivalents and restricted cash 28,843 (47,397)
Balance, beginning of period 55,842 127,234
Balance, end of period 84,685 79,837
Supplemental disclosure of cash flow information:    
Cash paid (refunded) for taxes 59 (72)
Cash paid for interest 6,728 10,618
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable 26 0
Derecognition of derivative liability in connection with debt refinancing 0 1,125
Right-of-use asset obtained in exchange for lease obligation 561 0
Conversion of term loan principal to convertible notes 23,000 0
Issuance of convertible notes to certain employees in lieu of cash compensation 1,353 0
Reclassification of term loan debt discount to convertible notes debt discount 239 0
Unpaid deferred offering costs included in accounts payable and accrued expenses and other current liabilities 2,205 0
Unpaid convertible notes issuance costs included in accounts payable and accrued expenses and other current liabilities $ 83 $ 0