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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net income (loss) $ (5,810) $ (21,430)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 750 538
Bad debt expense 161 30
Amortization of debt issuance costs 202 195
Provision for obsolete inventory 70  
Non-cash lease expense 80 69
Shares issued in settlement of litigation   1,199
Share-based compensation expense 1,763 2,170
(Gain) loss from change in fair value of warrant liability   1,618
Loss from change in fair value of earnout liability 12,089 25,410
Deferred income taxes   103
Changes in operating assets and liabilities:    
Accounts receivable (1,329) (728)
Inventory 75 1,560
Other current assets 619 1,238
Accounts payable (109) 857
Deferred revenue (22) 205
Accrued expenses (1,094) (22)
Operating lease liabilities (73) (20)
Net cash provided by operating activities 7,372 12,992
Investing Activities    
Purchases of property and equipment (704) (62)
Purchases of capitalized software (350) (318)
Acquisitions, net of cash acquired (11,122)  
Net cash used in investing activities (12,176) (380)
Financing Activities    
Repurchases of common stock (4,088)  
Principal repayments on term loan (1,562) (1,562)
Proceeds from exercise of stock options 324 420
Distributions (83) (3,093)
Net cash used in financing activities (5,409) (4,235)
Effect of exchange rate changes on cash and cash equivalents (2)  
Net increase (decrease) in cash and cash equivalents (10,215) 8,377
Cash and cash equivalents at beginning of period 89,002 79,231
Cash and cash equivalents at end of period 78,787 87,608
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 2,230 2,230
Cash paid for income taxes 2 2,232
Non-cash investing and financing activities    
Capital expenditures and capitalized software included in accounts payable 85 $ 94
Shares issued to acquire Simpatra $ 1,574