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 $ (16,239) $ (28,690)
Adjustments to reconcile net loss to cash used in operating activities:    
Share-based compensation expense 3,939 3,551
Depreciation and amortization 14,678 2,211
Change in fair value of derivative liabilities (25,229) 0
Gain on sale of property and equipment (5,675) 0
Accretion of discount on long-term debt 4,640 0
Reduction in the carrying amount of right-of-use assets 1,689 277
Warrant liability fair value adjustment (1,567) (146)
Deferred income taxes (995) 0
Share of net loss of equity method investee 425 156
Foreign currency transaction net unrealized gain 251 (1,359)
Other 1,311 0
Changes in assets and liabilities:    
Inventory (58,483) 0
Advances to suppliers and other current assets (358) 2,852
Trade accounts receivable (18,005) 0
Government grants receivable (13,393) 0
Accounts payable, accrued liabilities and other 56,827 4,930
Deferred revenue 11,370 0
Net cash used in operating activities (44,814) (16,218)
Cash flows from investing activities:    
Proceeds from the return of property and equipment deposits 1,202 19,021
Purchases of property and equipment (29,141) (21,455)
Proceeds from the sale of property and equipment 50,000 0
Net cash provided by (used in) investing activities 22,061 (2,434)
Cash flows from financing activities:    
Debt fees paid (3,760) 0
Net cash used in financing activities (3,760) 0
Effect of changes in foreign exchange rates on cash, cash equivalents, and restricted cash 959 (4,324)
Net decrease in cash, cash equivalents, and restricted cash (25,554) (22,976)
Cash, cash equivalents, and restricted cash at beginning of period 76,645 275,742
Cash, cash equivalents, and restricted cash at end of period 51,091 252,766
Supplementary disclosure for non-cash activities:    
Accrued purchases of property and equipment 21,255 9,981
Reconciliation to condensed consolidated balance sheets:    
Cash and cash equivalents 48,881 249,855
Restricted cash 2,210 2,911
Cash, cash equivalents, and restricted cash $ 51,091 $ 252,766