v3.25.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (11,402) $ (6,169)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,875 1,699
Amortization of operating lease-right-of use assets 1,009 761
Stock-based compensation 6,630 5,640
Loss on disposal of property and equipment 101 47
Provision for credit losses 0 121
Provision for excess and obsolete inventory 314 912
Deferred income taxes (336) 0
Loss on investments, accretion, and amortization, net (1,493) (1,202)
Interest expenses for accretion of the legal settlement liabilities 148 301
Change in operating assets and liabilities:    
Trade accounts receivable 6,449 4,235
Inventories (1,503) 4,773
Prepaid expenses and other assets (149) (2,925)
Trade accounts payable 410 615
Accrued expenses and other liabilities (2,121) (4,599)
Legal settlement liabilities (365) (67)
Operating lease liabilities (1,035) (727)
Deferred revenue 1,343 542
Net cash (used in) provided by operating activities (125) 3,957
Cash flows from investing activities:    
Purchases of marketable securities (60,161) (77,132)
Proceeds from maturities of marketable securities 70,431 72,000
Proceeds from sale of property and equipment 33 0
Purchase of property and equipment (849) (567)
Purchase of intangible assets (2) (55)
Net cash provided by (used in) investing activities 9,452 (5,754)
Cash flows from financing activities:    
Repayment of loan (1,518) (139)
Payments for taxes related to net share settlement of equity awards (129) (148)
Proceeds from issuance of common stock under employee stock plans 39 506
Proceeds from line of credit 690 1,394
Payments for repurchase of shares (10,627) 0
Net cash (used in) provided by financing activities (11,545) 1,613
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,228) 1,695
Cash, cash equivalents and restricted cash:    
Net (decrease) increase in cash, cash equivalents and restricted cash (3,446) 1,511
Cash, cash equivalents and restricted cash at beginning of period 98,745 167,630
Cash, cash equivalents and restricted cash at end of period 95,299 169,141
Supplemental disclosure of cash flow information:    
Cash paid for taxes 0 0
Non-cash investing and financing activities:    
Fixed asset purchases in accounts payable or accrued purchase at period end 234 288
Intangible asset in accounts payable or accrued expenses at period end 47 46
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 599 $ 0