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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 $ (20,184) $ (68,002) $ (139,805)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities      
Impairment of intangible assets 0 5,758 110,364
Impairment of long-lived assets 0 9,727 0
Gain on settlement of Global Cooling escrow 0 (5,115) 0
Depreciation 5,160 7,114 6,775
Amortization of intangible assets 3,501 5,181 9,697
Amortization of loan costs 0 13 18
Stock-based compensation 30,923 33,245 25,334
Non-cash lease expense 424 404 3,486
Deferred income tax benefit (64) (62) (5,238)
Change in fair value of contingent consideration 0 (2,193) (4,754)
Change in fair value of investments 4,074 0 (697)
Accretion of investments (474) (1,262) (447)
Loss on disposal of assets held for rent, net 567 594 773
Loss on disposal of property and equipment, net 154 633 745
Net gain on disposal of subsidiaries (15,877) 0 0
Other 0 0 166
Change in operating assets and liabilities      
Accounts receivable, trade, net (2,899) 15,351 (10,753)
Inventories 781 (8,552) (6,559)
Prepaid expenses and other current assets (2,407) 137 26
Accounts payable 26 (8,425) 414
Accrued expenses and other current liabilities 6,485 2,002 1,787
Sales taxes payable (973) 1,311 1,526
Warranty liability (528) (454) (1,086)
Other (258) 97 (260)
Net cash provided by (used in) operating activities 8,431 (12,498) (8,488)
Cash flows from investing activities      
Purchases of property and equipment (3,227) (6,381) (10,385)
Purchases of assets held for rent (2,068) (4,856) (3,536)
Proceeds from sale of available-for-sale securities 3,518 3,469 420
Maturities of available-for-sale securities 18,400 52,700 8,500
Investment in available-for-sale securities (18,415) (27,095) (53,116)
Purchases of intangible assets (300) 0 0
Proceeds from sale of SciSafe and CBS 73,431 0 0
Payments on divestiture of Global Cooling (13,039) 0 0
Net cash provided by (used in) investing activities 58,300 17,837 (58,117)
Cash flows from financing activities      
Proceeds from term loan 0 0 20,000
Payments on term loan (5,000) (300) (1,666)
Payments on equipment loans (1,608) (198) (498)
Issuance of common stock 0 10,244 0
Fees paid related to issuance of common stock 0 0 (131)
Proceeds from exercise of common stock options 202 507 323
Proceeds from financed insurance premium 2,094 2,639 0
Payments on financed insurance premium (2,397) (2,365) (1,375)
Other (74) 64 (337)
Net cash (used in) provided by financing activities (6,783) 10,591 16,316
Net increase in cash and cash equivalents 59,948 15,930 (50,289)
Cash and cash equivalents – beginning of period 35,438 19,473 69,870
Effects of currency translation on cash and cash equivalents 0 35 (108)
Cash and cash equivalents – end of period 95,386 35,438 19,473
Non-cash investing and financing activities      
Assets acquired under operating leases 5,833 880 243
Assets acquired under finance leases 0 1,682 0
Purchase of property and equipment not yet paid 107 359 478
Unrealized (gain) loss on available-for-sale securities (18) (56) 50
Unrealized gain on currency translation 0 (12) 0
Stock issued as consideration for SciSafe earnout 0 2,263 817
Returned shares from settlement of Global Cooling escrow 0 (5,115) 0
Cash interest paid $ 1,608 $ 1,927 $ 586