XML 22 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash, cash equivalents, and restricted cash $ 370,063 $ 523,025
Accounts receivable, net of allowances for estimated credit losses of $9,597 and $6,604 at December 31, 2024 and December 31, 2023, respectively 27,643 54,697
Inventories 69,113 91,321
Income tax receivable 818 332
Prepaid expenses and other current assets 9,487 28,877
Total current assets 477,124 698,252
Property and equipment, net 5,978 14,226
Right-of-use assets, net 13,590 12,120
Intangible assets, net 47,512 62,123
Goodwill 123,499 125,818
Deferred income tax assets, net 3,894 531
Other assets 14,086 16,043
TOTAL ASSETS 685,683 929,113
Current liabilities:    
Accounts payable 21,941 44,768
Accrued payroll-related expenses 17,636 22,028
Lease liabilities, current 5,147 4,598
Income tax payable 3,426 2,759
Syndeo Program reserves 0 21,009
Other accrued expenses 20,002 19,846
Total current liabilities 68,152 115,008
Lease liabilities, non-current 10,813 9,319
Deferred income tax liabilities, net 396 702
Warrant liabilities 488 3,555
Convertible senior notes, net 552,198 738,372
Other long-term liabilities 1,833 2,767
Total liabilities 633,880 869,723
Commitments (Note 8)
Stockholders’ equity:    
Class A Common Stock, $0.0001 par value; 320,000,000 shares authorized; 124,924,185 and 122,899,002 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 12 12
Additional paid-in capital 566,709 541,281
Accumulated other comprehensive loss (6,953) (3,036)
Accumulated deficit (507,965) (478,867)
Total stockholders’ equity 51,803 59,390
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 685,683 $ 929,113