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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (26,811) $ (32,108)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation & amortization 8,383 8,899
Impairment of assets 2,142 3,079
Non-cash lease expense 3,510 3,120
Loss on disposal of assets 0 72
Amortization of deferred financing fees and debt discount 299 478
Bad debt expense 0 34
Stock-based compensation expense 9,771 10,510
Provision for inventory obsolescence 1,072 888
Gain on extinguishment of debt 0 (1,828)
Change in fair value of warrant liabilities and derivatives 652 (2,216)
Paid in kind interest on convertible notes 2,235 2,119
Changes in operating assets and liabilities:    
Accounts receivable (3,719) 63
Inventory (7,255) 24,975
Prepaid expenses and other current assets (2,105) (1,123)
Other noncurrent assets (1,733) 0
Accounts payable and accrued expenses 26,696 (4,894)
Deferred revenue (2,433) 1,247
Operating lease liabilities (3,919) (3,522)
Other liabilities (3,606) (2,687)
Net cash provided by operating activities 3,179 7,106
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (4,428) (6,699)
Net cash used in investing activities (4,428) (6,699)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of finance lease obligations (165) (161)
Proceeds from the exercise of stock options 554 105
Proceeds from issuance of common stock under ESPP 425 489
Tax payments related to the issuance of common stock (2,181) (1,011)
Excise tax from stock repurchases (43) (42)
Payments to repurchase common stock (8,023) (4,120)
Payments of long-term debt 0 (42,300)
Net cash used in financing activities (9,433) (47,040)
Effect of exchange rate changes on cash (37) (14)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (10,719) (46,647)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—BEGINNING OF PERIOD 130,704 183,068
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD 119,985 136,421
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents 115,259 131,284
Restricted cash - prepaid expenses and other current assets, other noncurrent assets 4,726 5,137
Total cash, cash equivalents and restricted cash 119,985 136,421
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Purchases of property and equipment included in accounts payable and accrued liabilities 189 38
Cash paid for interest $ 88 $ 2,237