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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating activities    
Net loss $ (55,365) $ (63,323)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,654 8,890
Non-cash interest expense 928 727
Stock-based compensation expense 9,306 10,437
Deferred taxes 4 (51)
Change in fair value of contingent consideration (512) 1,636
Credit losses on accounts receivable 915  
Net accretion of marketable securities (1,659) (5)
Operating lease right of use assets 2,041 2,420
Provision for excess and obsolete inventories 3,499 2,848
Impairment 2,971  
Changes in operating assets and liabilities:    
Accounts receivable, net 2,300 (7,265)
Prepaid expenses and other assets 533 2,257
Inventories, net (9,859) (6,332)
Accounts payable (3,017) 1,148
Accrued expenses and other liabilities (1,321) (3,481)
Operating lease liabilities (2,257) (2,293)
Deferred revenue (264) 1,488
Net cash used in operating activities (44,103) (50,899)
Investing activities    
Purchases of property and equipment (2,456) (3,653)
Purchase of marketable securities (104,293)  
Sales of marketable securities 11,898  
Maturities of marketable securities 70,800 7,000
Net cash (used in) provided by investing activities (24,051) 3,347
Financing activities    
Sale of common stock in underwritten offering, net of costs   47,967
Proceeds from stock option exercises 91 346
Settlement of restricted stock units for tax withholding obligations (214) (94)
Principal payments on financing leases (1,022) (676)
Proceeds from debt   11,250
Payments of debt issuance costs   (33)
Payments of deferred offering costs (150) (207)
Payments of contingent consideration (1,910) (1,709)
Net cash (used in) provided by financing activities (3,205) 56,844
Net (decrease) increase in cash, cash equivalents, and restricted cash (71,359) 9,292
Cash, cash equivalents, and restricted cash at beginning of year 83,824 74,532
Cash, cash equivalents, and restricted cash at end of year 12,465 83,824
Supplemental disclosures of cash flow information    
Cash paid for interest 9,178 7,650
Cash paid for income taxes 91 56
Supplemental disclosures of non-cash activities    
Right-of-use asset obtained in exchange for lease liabilities 790 914
Unpaid offering costs related to sale of common stock in underwritten offering   150
Purchases of property and equipment included in accounts payable and accrued expenses $ 112 $ 697