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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (144,187) $ (128,832) $ (52,788)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 39,777 31,848 14,812
Amortization of inventory step-up 901 9,826 0
Allowance for credit losses and inventory reserves 3,888 892 1,586
Share-based compensation 67,240 43,710 41,885
Amortization of discount and cost of issuance of debt 1,172 997 417
Asset impairment in relation to restructuring 998 0 0
Gain from change in fair value of warrants 0 (7,066) (55,069)
(Gain) loss from change in fair value of contingent considerations and acquisition-related holdbacks (29,041) 2,985 (9,468)
(Gain) loss from change in fair value of currency forward contract 1,650 850 (208)
Deferred tax liabilities (5,366) (4,198) (2,002)
Amortization of right-of-use assets 3,284 2,737 1,949
Other 0 14 230
Changes in operating assets and liabilities:      
Accounts receivable 9,592 (32,199) (12,161)
Inventory (16,967) (5,785) (4,299)
Accounts payable 10,991 (1,697) 7,419
Accrued expenses and other current liabilities 3,539 (3,211) 1,364
Accrued payroll liabilities (289) (562) 528
Prepaid, other current and noncurrent assets 963 (10,298) (8,175)
Operating lease liabilities (2,934) (2,500) (1,488)
Other long-term liabilities (3,812) (1,896) (1,278)
Net cash used in operating activities (58,601) (104,385) (76,746)
Cash flows from investing activities:      
Purchases of property and equipment (14,337) (12,752) (7,568)
Payments for acquired software license (1,722) 0 0
Business combinations, net of cash acquired (3,200) (94,990) (8,705)
Net cash used in investing activities (19,259) (107,742) (16,273)
Cash flows from financing activities:      
Proceeds from issuance of common stock/At-the-market offering 19,847 53,136 17,203
Offering costs for the issuance of common stock/At-the-market offering (428) (1,138) (379)
Proceeds from Wuxi Capital Raise 0 0 41,861
Issuance costs related to Wuxi Capital Raise 0 0 (39)
Wuxi EIP capital paid in 0 12,346 0
2029 convertible note capped call transactions (23,380) 0 0
Proceeds from issuance of debt obligations 230,361 1,148 161,507
Issuance and debt discount costs related to debt obligations (667) 0 (5,374)
Repurchase of common stock 0 0 (7,404)
Payments on debt obligations (7,965) (12,831) (2,158)
Payments on financed software (5,451) (9,125) (4,161)
Deferred payments on business combination (3,036) 0 (8,500)
Proceeds from exercise of stock options 53 31 103
Net cash provided by financing activities 209,334 43,567 192,659
Effect of exchange rate changes on cash, and cash equivalents 1,396 (1,641) 2,774
Net increase (decrease) in cash and cash equivalents 132,870 (170,201) 102,415
Cash, cash equivalents, and restricted cash at beginning of period 151,678 321,879 219,464
Cash, cash equivalents, and restricted cash at end of period 284,548 151,678 321,879
Supplemental disclosure of cash flow information:      
Cash paid for interest 7,435 7,421 376
Supplemental disclosure of non-cash investing and financing activities:      
Purchases of property and equipment, accrued but not paid 352 (300) 1,464
Fair value of common stock issued for investment in Expedera 3,428 0 0
Fair value of common stock issued for business combination 0 128,181 0
Fair value of common stock issued to satisfy contingent considerations and acquisition-related holdbacks 64,148 5,159 0
Fair value of common stock issuable for business combination 0 23,479 0
Contingent consideration for business combination 4,599 81,745 7,836
Accrual for purchase consideration for business combination $ 800 $ 800 $ 9,674