v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 69,178 $ 90,347
Accounts receivable, net 63,236 65,002
Inventory, net 90,425 78,766
Prepaid expenses and other current assets 8,857 8,922
Total current assets 231,696 243,037
Long-term assets:    
Property and equipment, net of accumulated depreciation 76,390 78,028
Goodwill 1,209 1,209
Intangible assets, net of accumulated amortization 11,566 11,683
Right-of-use operating lease assets, net 5,192 5,561
Other non-current assets 7,311 7,313
Total assets 333,364 346,831
Current liabilities:    
Accounts payable 45,188 44,760
Accrued liabilities 20,604 16,536
Other liabilities, short-term 3,246 6,982
Total current liabilities 69,038 68,278
Long-term liabilities:    
Note payable, net of debt discount and issuance costs 220,340 219,577
Operating lease liabilities, non-current 3,803 4,203
Other liabilities, long-term 1,633 1,678
Total liabilities 294,814 293,736
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Common shares — zero par value, unlimited amount authorized; $29,316,407 and $29,195,439 shares issued at March 31, 2025 and December 31, 2024, respectively; $28,908,337 and $28,787,369 shares outstanding at March 31, 2025 and December 31, 2024, respectively 424,532 420,364
Additional paid-in-capital 79,117 76,992
Treasury shares, at cost, 408,070 shares held at March 31, 2025 and December 31, 2024 (2,854) (2,854)
Accumulated deficit (465,402) (444,692)
Accumulated other comprehensive income 3,157 3,285
Total shareholders’ equity 38,550 53,095
Total liabilities and shareholders’ equity $ 333,364 $ 346,831