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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 198,456,000 $ 47,276,000
Accounts receivable, net 56,048,000 39,593,000
Inventories 116,347,000 145,652,000
Prepaid expenses and other current assets 23,173,000 18,493,000
Total current assets 394,024,000 251,014,000
Property, plant and equipment, net 64,777,000 59,402,000
Operating lease right-of-use assets 17,298,000 16,339,000
Finance lease right-of-use assets 6,173,000 6,064,000
Goodwill 1,034,543,000 1,036,279,000
Intangible assets, net 898,417,000 945,007,000
Other assets, net 1,162,000 1,317,000
Total assets 2,416,394,000 2,315,422,000
Current Liabilities:    
Accrued expenses and other current liabilities 30,450,000 30,710,000
Deferred revenue 1,842,000 0
Total current liabilities 62,488,000 55,051,000
Long-term debt, net 667,774,000 666,494,000
Operating lease liabilities, net of current portion 15,540,000 14,908,000
Finance lease liabilities, net of current portion 6,013,000 5,547,000
Deferred income taxes 152,203,000 253,454,000
Founders advisory fees payable - related party 240,083,000 56,917,000
Other non-current liabilities 2,226,000 2,193,000
Total liabilities 1,259,124,000 1,163,127,000
Commitments and contingencies
Shareholders’ equity:    
Common Stock/Ordinary shares 17,000 165,067,000
Treasury shares, at cost; 21,603,481 and 18,615,190 shares at December 31, 2024 and 2023, respectively (127,827,000) (113,407,000)
Additional paid-in capital 1,911,035,000 1,701,163,000
Accumulated other comprehensive loss (39,232,000) (19,710,000)
Accumulated deficit (586,723,000) (580,818,000)
Total shareholders’ equity 1,157,270,000 1,152,295,000
Total liabilities and shareholders’ equity 2,416,394,000 2,315,422,000
Nonrelated Party    
Current Liabilities:    
Accounts payable 23,519,000 21,639,000
Preferred stock 109,966,000 105,799,000
Related Party    
Current Liabilities:    
Accounts payable 6,677,000 2,702,000
Preferred stock 2,831,000 2,764,000
Customer lists    
Current assets:    
Intangible assets, net 637,745,000 674,786,000
Technology and patents    
Current assets:    
Intangible assets, net 173,307,000 180,653,000
Tradenames    
Current assets:    
Intangible assets, net $ 87,365,000 $ 89,568,000