v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net loss $ (51,511) $ (98,098) $ (121,215)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 24,064 35,355 25,106
Non-cash interest 13,416 7,229 1,237
Paid-in-kind interest 15,804 9,679
Non-cash restructuring, impairment and other related charges 3,775 20,238
Loss on impairment of goodwill 6,879
Loss on extinguishment of debt 3,394 4,331
Loss on disposal of property and equipment 318 770 1,680
Change in fair value – warrant liabilities (17,202) (3,504)
Stock-based compensation 1,729 2,815 4,875
Changes in operating assets and liabilities:      
Accounts receivable (8,215) 4,745 (3,651)
Inventories (2,862) 5,989 5,903
Prepaid expenses and other assets 3,141 2,345 1,574
Operating leases, net (2,917) (2,412) 1,404
Accounts payable 61 (6,376) 4,382
Accrued compensation (1,742) 4,351 (1,627)
Customer prepayments (1,135) 693 1,266
Accrued rebates and allowances (97) (3,230) 3,439
Accrued warranty liabilities (5,494) (3,386) 11,128
Other accrued liabilities (4,963) 1,553 (1,373)
Net cash used in operating activities (33,830) (17,850) (54,662)
Cash flows from investing activities:      
Excess restricted cash returned to acquiree (826)
Sale of property and equipment 464
Purchase of property and equipment (8,079) (7,244) (14,391)
Investment in intangible assets (664) (286) (844)
Net cash used in investing activities (8,279) (7,530) (16,061)
Cash flows from financing activities:      
Proceeds from term loan 25,000
Proceeds from revolving line of credit 17,000
Proceeds from related party loan 39,000 61,000
Payments on term loan (25,000) (24,656)
Payments on revolving line of credit (5,000) (12,000)
Payments for debt issuance costs (1,557) (3,466) (6,143)
Proceeds from stock offering 60,300
Payments for stock offering costs (3,301)
Proportional Representation Preferred Linked Stock redemption fee (105)
Tax receivable agreement payments (269)
Net cash provided by financing activities 37,443 27,534 55,826
Net increase (decrease) in cash, cash equivalents and restricted cash (4,666) 2,154 (14,897)
Cash, cash equivalents and restricted cash, beginning of the year 29,011 26,857 41,754
Cash, cash equivalents and restricted cash, end of the year 24,345 29,011 26,857
Supplemental disclosures of cash flow information:      
Cash paid during the year for interest, net of amounts capitalized 153 159 189
Cash paid during the year for income taxes 175 317 385
Supplemental schedule of non-cash investing and financing activities:      
Property and equipment included in accounts payable 397 416 3,232
Warrants Issued 17,284
Amendment fee added to principal of loan 1,215
Escrow shares cancelled in connection with Intellibed acquisition $ 118