v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Consolidated net loss $ (59,225) $ (116,506)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:    
Depreciation and amortization 8,924 8,355
Non-cash operating lease cost 1,096 1,491
Stock-based compensation to employees and directors 4,480 10,035
Gain on sale of intangible assets (5,790) (10,250)
Loss from equity method securities 23,649 26,206
Other non-cash adjustments 1,545 (85)
Changes in operating assets and liabilities:    
Accounts receivable, net (2,500) 726
Inventories 3,136 941
Prepaids and other current assets (1,748) (182)
Other long-term assets, net (554) 132
Accounts payable 29,368 (14,897)
Accrued liabilities (28,477) (12,537)
Unearned revenue (5,433) (1,791)
Operating lease liabilities (888) (1,575)
Other long-term liabilities (2,675) (565)
Net cash used in operating activities (35,092) (110,502)
Cash flows from investing activities:    
Purchase of equity securities (8,000) 0
Disbursement for notes receivable (5,232) 0
Purchase of intangible assets (5,214) (6,160)
Expenditures for property and equipment (2,994) (7,951)
Proceeds from the sale of intangible assets 1,250 10,250
Other investing activities, net 2 553
Net cash used in investing activities (20,188) (3,308)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of offering costs 24,222 0
Payments on short-term debt (6,500) 0
Repurchase of shares (1,311) 0
Payments of taxes withheld upon vesting of employee stock awards (539) (3,250)
Other financing activities, net 846 653
Net cash provided by (used in) financing activities 16,718 (2,597)
Net decrease in cash, cash equivalents, and restricted cash (38,562) (116,407)
Cash, cash equivalents, and restricted cash, beginning of period 186,093 302,749
Cash, cash equivalents, and restricted cash, end of period $ 147,531 $ 186,342