v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (29,718,000) $ (17,195,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 8,402,000 9,640,000
Write-off of software cost 45,000 0
Loss on debt extinguishment 11,853,000 0
Amortization of debt issuance costs, debt discounts, and deferred financing costs 1,389,000 1,975,000
Paid-in-kind (“PIK”) interest 3,261,000 3,122,000
Allowance for credit losses 182,000 40,000
Foreign currency loss (gain) 205,000 (1,239,000)
Deferred income taxes (491,000) (626,000)
Loss on asset disposal 0 5,000
Non-cash compensation costs (credit) (53,000) 665,000
Other, net (8,000) (204,000)
Changes in operating assets and liabilities:    
Accounts receivable (5,758,000) 5,352,000
Inventory (1,367,000) 10,000
Prepaid expenses and other assets 127,000 2,856,000
Accounts payable (8,877,000) 340,000
Other accrued liabilities (7,980,000) (3,527,000)
Income taxes 127,000 672,000
Net cash provided by (used in) operating activities (28,661,000) 1,886,000
Cash flows from investing activities:    
Capital expenditures (1,406,000) (3,016,000)
Net cash used in investing activities (1,406,000) (3,016,000)
Cash flows from financing activities:    
Payments under Corre Incremental Term Loan (48,015,000) (356,000)
Payments for debt issuance costs (8,053,000) (1,400,000)
Other (705,000) 2,542,000
Net cash provided by (used) in financing activities 11,188,000 (9,834,000)
Effect of exchange rate changes on cash 137,000 (273,000)
Net decrease in cash and cash equivalents (18,742,000) (11,237,000)
Cash and cash equivalents at beginning of period 35,545,000 35,427,000
Cash and cash equivalents at end of period 16,803,000 24,190,000
Revolving Credit Loans    
Cash flows from financing activities:    
Borrowings under Revolving Credit Loans 13,000,000 0
Payments under Revolving Credit Loans (5,018,000) (9,909,000)
Corre Delayed Draw Term Loan    
Cash flows from financing activities:    
Payments under Corre Delayed Draw Term Loan and ME/RE Loans (35,700,000) 0
Corre Uptiered Loan    
Cash flows from financing activities:    
Payments under Corre Uptiered Loan (55,894,000) 0
First Lien Term Loan    
Cash flows from financing activities:    
Borrowings under First Lien Term Loan 175,000,000 0
ME/RE Loans    
Cash flows from financing activities:    
Payments under Corre Delayed Draw Term Loan and ME/RE Loans $ (23,427,000) $ (711,000)