v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (71,015) $ (45,703)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 18,506 19,651
Amortization of intangibles 16,486 16,723
Stock-based compensation 22,968 16,615
Non-cash operating lease expense 3,353 4,793
Amortization of convertible debt discount 1,164 1,358
Amortization of debt issue costs 69 94
Impairment charges (Note 5) 20,041 0
Other impairment charges 0 333
Other adjustments (340) 159
Changes in assets and liabilities, net    
Accounts receivable, net 397 (15,353)
Inventories (7,147) 835
Prepaid and other assets (1,136) 316
Operating lease liabilities (187) (3,308)
Deferred income tax liabilities, net (1,534) (1,270)
Accrued compensation (14,340) (2,281)
Accounts payable and other liabilities 7,718 (4,985)
Net cash used in operating activities (4,997) (12,023)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of marketable securities 11,060 40,501
Purchases of property and equipment (10,823) (18,663)
Business acquisition, net of cash acquired (5,991) 0
Net cash (used in) provided by investing activities (5,754) 21,838
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock, net (234) 2,782
Repayment of convertible debt (201,250) 0
Net cash (used in) provided by financing activities (201,484) 2,782
Net change in cash and cash equivalents, including cash classified within current assets held for sale (212,235) 12,597
Less: net change in cash classified within current assets held for sale (54) 0
Net change in cash and cash equivalents (212,289) 12,597
Cash and cash equivalents, beginning of period 367,012 342,488
Cash and cash equivalents, end of period 154,723 355,085
Supplemental disclosure of cash flow information:    
Interest paid 1,258 1,691
Income taxes paid 458 176
Supplemental disclosure of non-cash investing and financing information:    
Purchases of property and equipment included in accounts payable $ 915 $ 2,042