v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income     $ 13,826 $ 8,616  
Adjustments to reconcile net income to net cash (used in) provided by operating activities:          
Stock-based compensation     12,905 10,313  
Depreciation and amortization     4,193 3,092  
Loss on settlement of debt   $ 7,050   7,050  
Loss (gain) on foreign currency transaction $ 5,363 (529) 7,872 (1,928)  
Write-off of inventory 4,600 600 5,058 1,618  
Amortization of right-of-use assets     1,075 647  
Amortization of debt discount and issuance costs     218 916  
Interest on liability for sale of future royalties     7,052 8,631  
Sold portion of royalty revenue     (6,123) (4,824)  
Net accretion of investments     (1,678) (2,109)  
Loss on available-for-sale securities   1,550   1,550  
Loss on estimated returns of acquired product       1,444  
Other, net       49  
Changes in operating assets and liabilities:          
Accounts receivable, net     (15,338) (8,890)  
Inventory     (5,663) 2,174  
Prepaid expenses and other current assets     (5,371) (5,294)  
Other assets     (1,525) (2,209)  
Accounts payable     3,465 (24)  
Accrued expenses and other current liabilities     (9,333) (1,763)  
Deferred revenue     (7,141) (5,343)  
Recognized loss on purchase commitments       (2,690)  
Operating lease liabilities     (919) (546)  
Net cash provided by operating activities     2,573 10,536  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Proceeds from maturities of available-for-sale securities     101,792    
Purchase of available-for-sale securities     (88,127)    
Purchase of property and equipment     (1,447) (5,380)  
Purchase of held-to-maturity securities       (187,447)  
Proceeds from maturities of held-to-maturity securities       88,814  
Proceeds from insurance claim       396  
Net cash provided by (used in) investing activities     12,218 (103,617)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Payments for taxes related to net issuance of common stock associated with restricted stock units and stock options     (4,393) (4,667)  
Principal payments on financing liability     (376) (203)  
Proceeds from market price stock purchase plan and employee stock purchase plan     1,288 2,320  
Milestone payment     (639)    
Principal payments on financing lease liability       (3)  
Principal and early extinguishment payments on MidCap credit facility       (36,617)  
Principal and early extinguishment payments on Mann Group convertible note       (8,854)  
Net cash used in financing activities     (4,120) (48,024)  
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     10,671 (141,105)  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD     47,076 238,480 $ 238,480
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 57,747 $ 97,375 57,747 97,375 $ 47,076
SUPPLEMENTAL CASH FLOWS DISCLOSURES:          
Interest paid in cash     5,569 8,324  
Income taxes paid in cash     1,076 1,725  
NON-CASH INVESTING AND FINANCING ACTIVITIES:          
Payments of Mann Group principal and interest through common stock issuances       3,806  
Amortization of liability for sale of future royalties     814 1,589  
Non-cash construction in progress, property and equipment     $ 250 1,404  
Addition of right-of-use-asset and lease liability       226  
The Mann Group L L C          
Adjustments to reconcile net income to net cash (used in) provided by operating activities:          
Interest on Mann Group convertible note       $ 56