v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net loss $ (33,906) $ (51,907)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 19,135 19,907
Stock-based compensation 23,659 22,318
Amortization of debt discount and debt issuance costs 6,768 2,418
Amortization of right-of-use assets 1,321 1,271
Write-down for excess and obsolete inventories 3,616 3,571
Loss on disposal of assets 196 1,563
Loss on debt extinguishment 0 17,576
Gain on derivative liability 0 (17,400)
Other 1,127 4,252
Changes in operating assets and liabilities:    
Accounts receivable (10,238) (10,282)
Inventories (20,570) 1,243
Prepaid expenses and other current assets (12) (807)
Other assets (138) 107
Accounts payable 201 (11,918)
Accrued expenses 11,203 13,938
Lease liabilities (1,249) (1,349)
Contract liabilities 57 761
Other long-term liabilities 121 (301)
Net cash provided by (used in) operating activities 1,291 (5,039)
Investing activities:    
Purchase of property and equipment (12,091) (9,934)
Note receivable (5,000) 0
Purchase of intangible assets (2,223) (1,678)
Other (580) 0
Net cash used in investing activities (19,894) (11,612)
Financing activities:    
Repayment of revolving credit facility (2,994) (52,800)
Proceeds from revolving credit facility 2,747 4,092
Net cash paid for common stock exercises (2,166) (3,003)
Proceeds from issuance of convertible notes, net 0 392,850
Repurchase of convertible notes 0 (268,231)
Purchase of capped calls 0 (42,485)
Other 639 336
Net cash (used in) provided by financing activities (1,774) 30,759
Effect of exchange rate changes on cash (517) 296
Net change in cash and cash equivalents (20,894) 14,404
Cash and cash equivalents at beginning of period 160,806 138,840
Cash and cash equivalents at end of period 139,912 153,244
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,549 6,530
Supplemental disclosure of noncash activities:    
Purchases of property and equipment in accounts payable and accrued expenses 13,293 277
Purchase of intangible assets in accrued expenses and other long-term liabilities 2,750 2,631
Financed insurance 1,020 1,347
Recognition of lease liabilities 966 0
Recognition of derivative liability $ 0 $ 124,062