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 before redeemable non-controlling interest $ (4,583) $ (36,986)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,132 5,712
Amortization of debt issuance costs 499 316
Stock-based compensation 2,282 4,168
Non-cash operating lease expense 3,022 2,371
Provision for inventory obsolescence 1,431 1,311
Provision for bad debts 473 325
(Gain) loss on the disposition of businesses, property, equipment and other assets (320) 128
Provision for deferred income taxes and reserve adjustments 690 1,652
Gain on disposal of investment (2,576) 0
Loss on equity method investment, net of taxes 1,046 903
Changes in operating accounts:    
Accounts receivable (5,645) (1,231)
Inventories (2,146) (1,870)
Prepaid expenses and other current assets (2,014) (4,078)
Accounts payable (2,040) (2,799)
Deferred revenue and customer deposits 4,759 5,745
Accrued and other liabilities 109 (4,144)
All other operating activities (7,331) (5,309)
Net cash used in operating activities (7,212) (33,786)
INVESTING ACTIVITIES    
Purchases of property and equipment (2,058) (2,795)
Proceeds from sale of assets and businesses, net of cash sold 100 0
Acquisitions and other investments, net of cash acquired 0 (550)
Other investing activities (202) (67)
Net cash used in investing activities (2,160) (3,412)
FINANCING ACTIVITIES    
Purchase of non-controlling interests (498) 0
Taxes paid related to net-share settlement of equity awards (11) (285)
Other financing activities (414) (364)
Net cash used in financing activities (923) (649)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (289) 1,178
Net decrease in cash, cash equivalents and restricted cash (10,584) (36,669)
Cash, cash equivalents and restricted cash at the beginning of the year 97,100 172,883
Cash, cash equivalents and restricted cash at the end of the period 86,516 136,214
Balances per Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 85,083 135,040
Restricted cash included in prepaid expenses and other current assets 127 124
Restricted cash included in other assets [1] 1,306 1,050
Total cash, cash equivalents and restricted cash 86,516 136,214
Supplemental cash flow information    
Lease assets obtained in exchange for new lease liabilities 0 2,758
Cash interest payments 228 242
Cash income tax payments, net 577 1,820
Transfer of equipment from inventory to property and equipment, net [2] $ 216 $ 1,212
[1] The balance in restricted cash as of March 31, 2026 and March 31, 2025 primarily relates to guarantees in the form of a standby letter of credit as security for a long-term real estate lease. Refer to Note 11 for further information.
[2] Inventory is transferred to property and equipment at cost when we require additional machines for training or demonstration or for placement into on demand manufacturing services locations.