v3.25.1
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 $ (18,843) $ (2,100)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,444 3,072
Amortization of intangible assets 842 901
Reduction in the carrying value of right-of-use assets 1,997 2,203
Non-cash interest expense 69 105
Deferred interest expense   122
Deferred tax benefit (1,266)  
Provision recorded for credit losses 873 968
Loss on disposal of property and equipment 19 347
Adjustment for excess and obsolete inventories 3,709 2,515
Stock-based compensation 3,367 2,407
Write-down to fair value for asset held for sale 6,567  
Changes in operating assets and liabilities:    
Accounts receivable 5,668 (15,117)
Inventories (8,732) (4,670)
Prepaid expenses and other current assets and other assets (5,123) (4,315)
Operating leases (2,037) (2,199)
Accounts payable (2,496) (4,391)
Accrued expenses and other liabilities (7,993) 9,990
Net cash used in operating activities (19,935) (10,162)
Cash flows from investing activities:    
Purchases of property and equipment (3,626) (2,222)
Net cash used in investing activities (3,626) (2,222)
Cash flows from financing activities:    
Payments of term loan under the 2021 Credit Agreement   (1,406)
Payments of withholding taxes in connection with RSUs vesting (1,796) (1,120)
Proceeds from the exercise of stock options 25 180
Principal repayments of finance lease obligations (285) (262)
Net cash used in financing activities (2,056) (2,608)
Change in cash, cash equivalents and restricted cash (25,617) (14,992)
Cash, cash equivalents, and restricted cash, beginning of period 136,151 104,338
Cash, cash equivalents, and restricted cash, end of period 110,534 89,346
Supplemental disclosure of cash flow information:    
Cash paid for interest   1,375
Cash paid for income taxes 150 35
Supplemental disclosure of non-cash investing and financing activities:    
Accretion to redemption value and cumulative dividends on redeemable convertible preferred stock 2,748  
Purchases of property and equipment included in accounts payable and accrued expenses 172 786
Right-of-use assets obtained through operating lease obligations $ 1,642 $ 701