v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating activities:    
Net loss $ (146,076,000) $ (167,042,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization 56,218,000 58,363,000
Amortization of deferred financing costs 2,584,000 2,204,000
Loss on extinguishment of debt 0 2,584,000
Goodwill impairment 65,861,000 78,257,000
Stock-based compensation expense 8,481,000 11,251,000
Deferred income taxes (10,109,000) (11,412,000)
Change in fair value of warrant liabilities to affiliates (4,040,000) 6,436,000
Amortization of operating lease right-of-use assets 1,284,000 2,331,000
Unrealized loss on foreign currency translation 5,020,000 (182,000)
Other 1,029,000 282,000
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 6,723,000 (7,707,000)
Inventories 1,511,000 1,973,000
Prepaid expenses and other assets 4,029,000 (87,000)
Accounts payable and accrued liabilities (49,000) 12,968,000
Accrued interest due to affiliate 21,268,000 2,530,000
Deferred revenue (418,000) 1,175,000
Operating lease liabilities (1,491,000) (1,847,000)
Other assets and liabilities (1,919,000) 1,504,000
Net cash provided by (used in) operating activities 9,906,000 (6,419,000)
Investing activities:    
Purchases of property and equipment (2,807,000) (4,433,000)
Additions to intangible assets (10,648,000) (15,797,000)
Net cash used in investing activities (13,455,000) (20,230,000)
Financing activities:    
Repayment of debt (2,411,000) (304,847,000)
Purchase of treasury stock (431,000) (2,754,000)
Principal payments under finance lease obligations (101,000) (123,000)
Payment of employee tax withholdings through cancelled shares of stock (839,000) (405,000)
Proceeds from issuance of debt 0 185,000,000
Payment of original issue discount 0 (4,200,000)
Payment of deferred financing costs 0 (6,853,000)
Proceeds from mandatorily redeemable preferred stock due to affiliate 0 152,857,000
Private offering and merger financing refund 0 231,000
Net cash (used in) provided by financing activities (3,782,000) 18,906,000
Effect of exchange rate changes on cash (405,000) 173,000
Net decrease in cash and restricted cash (7,736,000) (7,570,000)
Cash and restricted cash, beginning of year 27,437,000 35,007,000
Cash and restricted cash, end of year 19,701,000 27,437,000
Supplemental cash flow information:    
Cash paid for interest 28,885,000 35,330,000
Cash paid for income taxes (net of refunds) 2,104,000 5,718,000
Non-cash investing and financing activities:    
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 485,000 1,636,000
Non-cash consideration (stock) issued for acquisition 0 14,700,000
Issuance of penny warrants 0 5,195,000
Reconciliation of cash and restricted cash, end of year:    
Cash 19,408,000 27,137,000
Restricted cash 293,000 300,000
Total cash and restricted cash, end of year $ 19,701,000 $ 27,437,000