v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income (loss) $ 4,280 $ (49,412)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 11,869 10,466
Stock-based compensation expense 11,796 2,657
Change in fair value of warrants and contingent liabilities (1,081) 10,510
Deferred tax expense (benefit) 202 (272)
Provision for excess and obsolete inventory 123 109
Legal reserves 0 13,450
Change in third party payor reserves 5,014 1,066
Other 1,387 1,738
Change in operating assets and liabilities:    
Accounts receivable (9,889) 6,622
Inventory (1,404) (1,654)
Accounts payable and accrued expenses 7,199 (10,871)
Other assets and liabilities (8,894) (5,327)
Net cash provided by (used in) operating activities 20,602 (20,918)
Investing activities    
Acquisition of business, net of cash acquired (33,195) 0
Purchases of property and equipment (8,498) (1,795)
Purchases of marketable securities (30,770) (29,381)
Proceeds from sales of marketable securities 0 598
Proceeds from maturities of marketable securities 26,705 8,720
Net cash used in investing activities (45,758) (21,858)
Financing activities    
Proceeds from offerings, net of issuance costs 13,766 0
Proceeds from issuance of common stock pursuant to employee stock purchase plan 1,262 0
Exercise of stock options 800 161
Long-term debt principal payments (602) 0
Finance lease principal payments (1,162) (990)
Net cash provided by (used in) financing activities 14,064 (829)
Net decrease in cash, cash equivalents and restricted cash (11,092) (43,605)
Cash, cash equivalents and restricted cash, at beginning of period 86,202 100,668
Cash, cash equivalents and restricted cash, at end of period 75,110 57,063
Supplemental disclosures of cash flow information    
Cash paid for interest 3,210 4,033
Cash paid for taxes 920 557
Stock consideration paid pursuant to exercise of Perceptive warrant 0 12,586
Purchases of property and equipment in accounts payable and accrued expenses 5,752 501
Assets acquired under capital lease obligations $ 0 $ 689