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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 $ (46,790) $ (101,360)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,665 1,961
Stock-based compensation 30,015 43,692
Gain on extinguishment of debt 0 (15,205)
Accretion of unamortized debt discount and amortization of debt issuance costs 1,719 2,214
Amortization of premium for marketable securities 0 890
Impairment charges of goodwill and long-lived assets 0 3,336
Change in fair value of common stock warrant liabilities (11) (278)
Provision for bad debt 221 276
Other, net 0 (259)
Changes in operating assets and liabilities:    
Accounts receivable 831 1,235
Prepaid expenses and other assets (8,683) (1,840)
Accounts payable 7,022 16
Operating lease liabilities (298) (2,138)
Other accruals and liabilities 7,235 (4,298)
Net cash used in operating activities (7,074) (71,758)
Investing Activities    
Purchases of property and equipment (668) (13,236)
Capitalization of software development costs (1,841) 0
Investment in loan receivable 0 (2,000)
Purchases of marketable securities (5) 0
Proceeds from sales of marketable securities 1,137 57,553
Proceeds from maturities of marketable securities 0 125,984
Net cash (used in) provided by investing activities (1,377) 168,301
Financing Activities    
Principal payments on finance leases obligations (869) (1,096)
Payments for extinguishment of debt 0 (135,855)
Repurchase of common stock (19,349) (13,000)
Net proceeds from exercise of stock options and issuance of common stock (1,436) 0
Net cash used in financing activities (21,654) (149,951)
Net change in cash, cash equivalents and restricted cash (30,105) (53,408)
Cash, cash equivalents and restricted cash – beginning of year 312,028 365,436
Cash, cash equivalents and restricted cash – end of year 281,923 312,028
Cash paid during the period for:    
Interest 13,388 18,330
Taxes 183 400
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable 555 0
Stock-based compensation capitalized in software development costs $ 71 $ 0