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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net (loss) income $ (240,394,000) $ 137,240,000 $ 4,432,000
Adjustments to net income (loss):      
Goodwill impairment 236,000,000 0 0
Impairment of long-lived assets 91,904,000 0 0
Allowance for credit losses 2,058,000 2,527,000 2,599,000
Deferred tax benefit (37,650,000) (8,862,000) (31,565,000)
Depreciation and amortization 38,221,000 40,268,000 86,501,000
Amortization of developed technology 14,558,000 14,558,000 14,558,000
Amortization of debt discount and issuance costs 6,087,000 10,570,000 6,857,000
Gain on debt refinancing 0 (457,000) 0
Equity-based compensation 10,349,000 14,540,000 14,982,000
Change in fair value of contingent consideration 125,000 2,964,000 (4,507,000)
Warranty provision 3,163,000 4,666,000 4,152,000
Write-down of inventories 2,923,000 6,431,000 (859,000)
Changes in operating assets and liabilities, net of business acquisition:      
Accounts receivable 41,423,000 92,800,000 (76,984,000)
Inventories (44,787,000) 66,743,000 20,870,000
Income tax receivables (4,112,000) 9,000 5,611,000
Prepaid expenses and other (69,708,000) (10,840,000) 19,124,000
Accounts payable 58,180,000 (37,654,000) 12,667,000
Accrued expenses and other (436,000) 5,325,000 1,024,000
Income tax payable (863,000) 1,936,000 (755,000)
Lease liabilities (8,624,000) 1,177,000 3,784,000
Deferred revenue 55,563,000 (111,986,000) 59,002,000
Net cash provided by operating activities 153,980,000 231,955,000 141,493,000
Investing activities:      
Purchase of property, plant and equipment (7,305,000) (16,989,000) (10,619,000)
Retirement/disposal of property, plant and equipment 34,000 168,000 0
Cash payments for the acquisition of right-of-use assets (11,276,000) 0 0
Acquisition of STI, net of cash acquired 0 0 (373,818,000)
SAFE Investment (3,000,000) 0 0
Sale of equity investment 11,975,000 0 0
Net cash used in investing activities (9,572,000) (16,821,000) (384,437,000)
Financing activities:      
Proceeds from Series A issuance 0 0 33,098,000
Proceeds from common stock issuance 0 0 15,885,000
Series A equity issuance costs 0 (1,509,000) (1,893,000)
Tax withholding related to vesting of equity-based compensation (1,752,000) 0 0
Common stock issuance costs 0 0 (450,000)
Dividends paid on Series A Preferred 0 0 (18,670,000)
Payments on revolving credit facility 0 0 (116,000,000)
Proceeds from revolving credit facility 0 0 116,000,000
Proceeds from issuance of other debt 93,059,000 63,311,000 20,188,000
Principal payments on term loan facility (4,300,000) (74,300,000) (14,300,000)
Principal payments on other debt (97,424,000) (88,063,000) (23,935,000)
Contingent consideration payments (1,427,000) (1,200,000) (1,483,000)
Net cash (used in) provided by financing activities (11,844,000) (101,761,000) 8,440,000
Effect of exchange rate changes on cash and cash equivalent balances (17,503,000) 1,806,000 735,000
Net change in cash and cash equivalents 115,061,000 115,179,000 (233,769,000)
Cash and cash equivalents and restricted cash, beginning of period 249,080,000 133,901,000 367,670,000
Cash and cash equivalents and restricted cash, end of period 364,141,000 249,080,000 133,901,000
Supplemental Cash Flow Information      
Cash paid for interest 38,655,000 43,949,000 23,118,000
Cash paid for income taxes 27,966,000 45,942,000 10,739,000
Non-cash Investing and Financing Activities      
Dividends accrued on Series A Preferred 28,160,000 26,370,000 6,389,000
Stock consideration paid for acquisition of STI $ 0 $ 0 $ 200,224,000