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:    
Net loss $ (16,985) $ (16,603)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 3,765 3,507
Amortization of operating lease-right-of use assets 2,107 1,433
Stock-based compensation 13,420 12,792
Loss on disposal of property and equipment 253 52
Provision for credit losses 52 (73)
Provision for excess and obsolete inventory 335 1,037
Deferred income taxes (2,392) 0
Loss on investments, accretion, and amortization, net (3,108) (2,385)
Interest expenses for accretion of the legal settlement liabilities 292 447
Change in operating assets and liabilities:    
Trade accounts receivable 7,101 10,153
Inventories (5,073) 9,199
Prepaid expenses and other assets (419) 543
Trade accounts payable 1,169 96
Accrued expenses and other liabilities 670 (9,389)
Legal settlement liabilities (588) (70)
Operating lease liabilities (2,197) (1,160)
Deferred revenue 1,581 582
Net cash (used in) provided by operating activities (17) 10,161
Cash flows from investing activities:    
Purchases of marketable securities (141,423) (113,985)
Proceeds from maturities of marketable securities 136,906 112,000
Proceeds from sale of property and equipment 56 76
Purchase of property and equipment (2,426) (1,620)
Purchase of intangible assets (76) (203)
Net cash used in investing activities (6,961) (3,732)
Cash flows from financing activities:    
Repayment of loan (1,660) (278)
Proceeds from Employee Stock Purchase Plan 703 1,007
Payments for taxes related to net share settlement of equity awards (231) (278)
Proceeds from issuance of common stock under employee stock plans 103 730
Proceeds from line of credit 2,075 1,391
Payments for repurchase of shares (15,137) (2,670)
Net cash used in financing activities (14,147) (98)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,149) 3,957
Cash, cash equivalents and restricted cash:    
Net (decrease) increase in cash, cash equivalents and restricted cash (23,275) 10,288
Cash, cash equivalents and restricted cash at beginning of period 98,745 167,630
Cash, cash equivalents and restricted cash at end of period 75,470 177,918
Supplemental disclosure of cash flow information:    
Cash paid for taxes 25 1,058
Non-cash investing and financing activities:    
Fixed asset purchases in accounts payable or accrued purchase at period end 40 123
Transfer of inventory to property and equipment 91 0
Intangible asset in accounts payable or accrued expenses at period end 16 0
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 8,033 $ 0