Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows

v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Operating Activities      
Net loss $ (49,713) $ (72,309)  
Adjustments to reconcile net loss to cash provided by (used in) operating activities:      
Amortization and depreciation 11,149 16,684  
Amortization of debt issuance costs and accretion of discounts 510 688  
Stock-based compensation 22,911 17,061  
Deferred income taxes (678) (2,685)  
Loss on disposal of property and equipment 0 390  
(Adjustments to) impairment of leased right-of-use assets (22) 2,038  
Gain on extinguishment of lease liabilities 0 (569)  
(Gain) loss on foreign currency 1,184 (968)  
Excess tax deficiencies on stock-based awards 1,575 1,367  
Changes in operating assets and liabilities:      
Accounts receivable (13,461) 44,389  
Inventory 4,338 3,783 $ 4,300
Prepaid expenses and other assets (3,724) (2,044)  
Accounts payable, accrued expenses and other current liabilities 4,189 9,275  
Accrued compensation 8,717 8,707  
Accrued price protection liability 4,282 (6,451)  
Lease liabilities (2,817) (2,505)  
Other long-term liabilities 160 (881)  
Net cash provided by (used in) operating activities (11,400) 15,970  
Investing Activities      
Purchases of property and equipment (1,989) (8,342)  
Purchases of intangible assets 0 (368)  
Net cash used in investing activities (1,989) (8,710)  
Financing Activities      
Net proceeds from issuance of common stock, net of costs (10) 0  
Minimum tax withholding paid on behalf of employees for restricted stock units (2,130) (2,103)  
Net cash used in financing activities (2,140) (2,103)  
Effect of exchange rate changes on cash and cash equivalents (9) (583)  
Increase (decrease) in cash, cash equivalents and restricted cash (15,538) 4,574  
Cash, cash equivalents and restricted cash at beginning of period 119,603 188,356 188,356
Cash, cash equivalents and restricted cash at end of period 104,065 192,930 $ 119,603
Supplemental disclosures of cash flow information:      
Cash paid for interest 2,145 2,478  
Cash paid for income taxes 1,228 1,364  
Supplemental disclosures of non-cash activities:      
Issuance of shares for payment of bonuses $ 5,017 $ 10,880