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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (9,236) $ (527)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3,030 1,739
Allowance for doubtful accounts 600 205
Provision for (reversal of) excess and obsolete inventories (643) 977
Stock-based compensation 2,122 858
Amortization of debt issuance costs 71 17
Change in fair value of earnout liabilities 80 0
Deferred income taxes (340) 88
Loss on disposal of property and equipment 898 170
Other (322) 159
Changes in other assets and liabilities, net of acquisitions:    
Accounts receivable (2,240) 527
Inventories (2,329) (3,979)
Other current assets (3) (191)
Accounts payable (1,178) 1,517
Accrued expenses and other current liabilities (682) 1,852
Income tax receivable/payable 669 274
Net cash (used in) provided by operating activities (9,503) 3,686
Cash flows from investing activities    
Purchases of property and equipment (23,036) (3,033)
Proceeds from sale of property and equipment 305 191
Purchases of intangible assets (704) (173)
Acquisition of Disior, net of cash received (18,201) 0
Net cash used in investing activities (41,636) (3,015)
Cash flows from financing activities    
Proceeds from draw down on term loan 20,000 0
Proceeds from issuance of long-term debt 16,000 0
Payments on long-term debt (37) (560)
Payments of debt issuance costs (405) 0
Proceeds from issuance of common stock 0 1,001
Payments on treasury stock repurchased 0 (561)
Proceeds from exercise of stock options 12 98
Net cash provided by (used in) financing activities 35,570 (22)
Effect of exchange rate changes on cash (136) (470)
Net (decrease) increase in cash (15,705) 179
Cash at beginning of period 109,352 17,501
Cash at end of period 93,647 17,680
Supplemental disclosures of cash flow information:    
Cash paid for taxes 0 0
Cash paid for interest 273 68
Purchase of property and equipment included in accounts payable 1,804 1,368
Series B convertible preferred stock dividend $ 0 $ 469