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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (15,234) $ (9,052)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 4,258 3,117
Provision for excess and obsolete inventories 471 293
Stock-based compensation 3,088 3,182
Change in fair value (519) 80
Other (785) 100
Changes in other assets and liabilities, net of acquisitions:    
Accounts receivable (3,099) 441
Inventories (7,044) (8,435)
Accounts payable 7,441 5,592
Accrued expenses 194 (877)
Accrued legal settlement   (9,000)
Income tax receivable/payable 398 132
Other assets and liabilities (162) 367
Net cash used in operating activities (10,993) (14,060)
Cash flows from investing activities    
Purchases of property and equipment (5,817) (7,521)
Proceeds from sale of property and equipment 292 223
Purchases of intangible assets (253) (254)
Net cash used in investing activities (5,778) (7,552)
Cash flows from financing activities    
Payments on long-term debt (160) (197)
Payments of debt issuance costs   (7)
Proceeds from issuance of common stock, net of issuance costs   68,449
Options exercised 298 1,622
RSU vesting, taxes paid (400)  
Payments on earnout liability (1,000) (500)
Net cash (used in) provided by financing activities (1,262) 69,367
Effect of exchange rate changes on cash 616 (340)
Net (decrease) increase in cash (17,417) 47,415
Cash at beginning of period 75,639 38,468
Cash at end of period 58,222 85,883
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,264 601
Purchase of property and equipment included in accounts payable $ 4,952 $ 4,026