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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 367,670 $ 108,441
Accounts receivable, net 236,009 118,694
Inventories, net 205,653 118,459
Income tax receivables 9,052 17,158
Prepaid expenses and other 33,649 12,423
Total current assets 852,033 375,175
Property, plant and equipment, net 10,692 9,774
Goodwill 69,727 69,727
Other intangible assets, net 174,753 198,260
Deferred tax assets 9,345 0
Other assets 26,429 3,088
Total assets 1,142,979 656,024
Current Liabilities    
Accounts payable 91,392 82,755
Accounts payable - related party 610 2,232
Accrued expenses and other 38,494 29,164
Accrued warranty reserve 3,192 3,049
Income tax payable 60 8,814
Deferred revenue 99,575 149,821
Current portion of contingent consideration 1,773 8,955
Current portion of term loan 4,300 4,313
Other current liabilities 5,909 0
Total current liabilities 245,305 289,103
Long-term liabilities    
Deferred tax liability 0 13,114
Contingent consideration, net of current portion 12,804 10,736
Other long-term liabilities 5,557 0
Long-term debt, net of current portion, debt discount and issuance costs 711,056 423,970
Total long-term liabilities 729,417 447,820
Total liabilities 974,722 736,923
Commitments and contingencies (Note 16)
Series A Redeemable Perpetual Preferred Stock of $0.001 par value - 500,000 authorized; 350,000 and none issued as of December 31, 2021 and 2020, respectively; liquidation preference of $350.0 million and none as of December 31, 2021 and 2020, respectively 237,462 0
Stockholders’ deficit    
Preferred stock of $0.001 par value - 4,500,000 authorized; none issued as of December 31, 2021 and 2020, respectively 0 0
Common stock of $0.001 par value - 1,000,000,000 authorized; 135,026,940 and 126,994,467 issued as of December 31, 2021 and 2020, respectively 135 127
Additional paid-in capital 202,562 140,473
Accumulated deficit (271,902) (221,499)
Total stockholders’ deficit (69,205) (80,899)
Total liabilities, redeemable perpetual preferred stock and stockholders’ (deficit) $ 1,142,979 $ 656,024