XML 23 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income (loss) $ 93,511,000 $ (113,491,000)
Adjustments to reconcile net income to cash provided by operating activities:    
Goodwill impairment 0 162,000,000
Provision for bad debts 1,001,000 3,415,000
Deferred tax expense (benefit) 6,748,000 (7,279,000)
Depreciation and amortization 19,923,000 29,015,000
Amortization of developed technology and backlog 11,713,000 10,918,000
Amortization of debt discount and issuance costs 4,407,000 4,652,000
Gain on extinguishment of debts, net (14,207,000) 0
Equity-based compensation 11,343,000 6,851,000
Change in fair value of contingent consideration 1,014,000 (271,000)
Warranty provision 10,290,000 36,000
Inventory reserve 3,360,000 2,481,000
Other non-cash (2,017,000) 0
Changes in working capital, net (88,941,000) (1,933,000)
Net cash provided by operating activities 58,145,000 96,394,000
Investing activities    
Purchase of property, plant and equipment (14,496,000) (5,604,000)
Acquisition, net of cash acquired (164,916,000) 0
Retirement/disposal of property, plant and equipment 0 38,000
Sale of equity investment 0 11,975,000
Net cash (used in) provided by investing activities (179,412,000) 6,409,000
Financing activities    
Proceeds from issuance of other debt 108,659,000 19,024,000
Proceeds from issuance of convertible notes 345,000,000 0
Premium paid on capped call (35,087,000) 0
Fees paid on issuance of convertible notes (10,434,000) 0
Repayments of other debt (119,181,000) (24,879,000)
Repayments of term loan facility (233,875,000) (3,225,000)
Repayments of convertible notes (78,363,000) 0
Contingent consideration payments (1,204,000) (1,427,000)
Other financing (1,033,000) (1,734,000)
Net cash used in financing activities (25,518,000) (12,241,000)
Effect of exchange rate changes on cash and cash equivalent balances 5,747,000 (7,270,000)
Net change in cash and cash equivalents and restricted cash (141,038,000) 83,292,000
Cash and cash equivalents, and restricted cash beginning of period 364,141,000 249,080,000
Cash and cash equivalents and restricted cash, end of period $ 223,103,000 $ 332,372,000