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 $ (67,175) $ (69,463)
Adjustments to reconcile net loss to net cash from operating activities    
Depreciation, amortization, and impairment 51,302 28,894
Inventory reserve expenses 25,393 13,759
Amortization of inventory fair value step-up   6,094
Amortization of operating lease assets, debt costs, and other assets 2,377 2,986
Provision for expected credit losses 1,837 1,573
Deferred income taxes 12 1,180
Share-based compensation expense 14,293 18,759
Loss on disposal of fixed assets 581 2,566
Change in valuation of investment securities (31) 3,992
Change in fair value of contingent consideration (1,373) 4,240
Other (1,188) 2,297
Changes in operating assets and liabilities    
Accounts receivable 5,089 710
Inventories (5,890) (8,571)
Prepaid expenses and other current assets (394) 2,717
Accounts payable (9,138) (7,501)
Other current liabilities (21,763) (9,977)
Other long-term assets and liabilities (684) (3,866)
Net cash used in operating activities (6,752) (9,611)
Cash flows from investing activities    
Capital expenditures (13,845) (20,533)
Other investing activities 12 (50)
Net cash used in investing activities (13,833) (20,583)
Cash flows from financing activities    
Proceeds from issuance of common shares 3,054 3,191
Payments related to tax withholdings for share-based compensation (159) (3,775)
Payments related to finance lease obligation (375) (346)
Borrowings under credit facility   40,000
Repayment of borrowings from credit facility   (15,000)
Payment of debt issuance costs and other financing activities (531) (2,392)
Net cash provided by financing activities 1,989 21,678
Effect of exchange rate changes on cash 1,547 (375)
Net change in cash and cash equivalents (17,049) (8,891)
Cash, cash equivalents, and restricted cash at the beginning of period 85,738 37,757
Cash, cash equivalents, and restricted cash at the end of period 68,689 28,866
Components of cash, cash equivalents, and restricted cash at the end of period    
Cash and cash equivalents 65,606 26,366
Restricted cash 3,083 2,500
Cash, cash equivalents, and restricted cash at the end of period 68,689 28,866
Noncash investing activities - Accrued purchases of capital expenditures 10,990 5,996
Noncash investing activities - Purchase of intangible assets $ 40 $ 50