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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (53,094) $ (36,020)
Adjustments to reconcile net loss to net cash from operating activities    
Depreciation and amortization 34,431 14,862
Inventory reserve expenses 15,301 6,350
Amortization of inventory fair value step-up 0 3,047
Amortization of operating lease assets, debt costs, and other assets 1,251 1,478
Provision for expected credit losses 1,058 1,376
Deferred income taxes 445 408
Share-based compensation expense 6,469 8,800
Gain on disposal of fixed assets 25 24
Change in valuation of investment securities   314
Change in fair value of contingent consideration (610) 1,170
Other (1,347) 920
Changes in operating assets and liabilities    
Accounts receivable 2,379 813
Inventories 693 (6,936)
Prepaid expenses and other current assets 141 2,749
Accounts payable (2,493) (820)
Other current liabilities (21,385) (14,856)
Other long-term assets and liabilities (1,655) (2,274)
Net cash used in operating activities (18,391) (18,595)
Cash flows from investing activities    
Capital expenditures (6,736) (10,817)
Other investing activities   (50)
Net cash used in investing activities (6,736) (10,867)
Cash flows from financing activities    
Proceeds from issuance of common shares 49  
Payments related to tax withholdings for share-based compensation   (1,828)
Payments related to finance lease obligation (188) (172)
Borrowings under credit facility   40,000
Repayment of borrowings from credit facility   (15,000)
Payment of debt issuance costs and other financing activities (512) (1,547)
Net cash (used in) provided by financing activities (651) 21,453
Effect of exchange rate changes on cash 493 (284)
Net change in cash and cash equivalents (25,285) (8,293)
Cash, cash equivalents, and restricted cash at the beginning of period 85,738 37,757
Cash, cash equivalents, and restricted cash at the end of period 60,453 29,464
Components of cash, cash equivalents, and restricted cash at the end of period    
Cash and cash equivalents 57,953 26,964
Restricted cash 2,500 2,500
Cash, cash equivalents, and restricted cash at the end of period $ 60,453 $ 29,464