v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (27,176) $ (29,346)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization, including amounts in cost of goods sold 17,178 16,002
Share-based compensation 704 67
Fair value changes in derivatives (2,645) (450)
Non-cash interest expense, including amortization of deferred financing costs 3,733 4,632
Deferred income taxes and uncertain tax positions 6,812 17,583
Loss on debt extinguishment/modification 5,016 0
Asset impairment 1,334 0
Loss (gain) on asset disposals 68 (3,009)
Other non-cash items, net [1] 3,450 (531)
Changes in operating assets and liabilities:    
Accounts receivable 60 942
Inventory (447) 2,086
Prepaid expenses and other current and non-current assets 838 384
Accounts payable, accrued expenses and other current liabilities 480 (2,766)
Net cash flows provided by operating activities 9,405 5,594
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payments for property, plant and equipment (6,928) (8,137)
Investments in intangible assets (1,610) (647)
Proceeds from sale of assets 561 3,950
Net cash flows used in investing activities (7,977) (4,834)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Debt, net 17,483 4,608
Proceeds from other financing activities 0 750
Debt principal paid (7,298) (297)
Payments of finance leases (1,154) (925)
Payments of loan financing costs (605) 0
Payments of other financing activities (1,016) (1,011)
Net cash flows provided by financing activities 7,410 3,125
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 8,838 3,885
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 26,616 21,346
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 35,454 25,231
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest (excluding capitalized interest) 12,277 15,171
Cash paid for income taxes 1,088 1,403
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Capital expenditures 1,825 2,648
Right-of-use assets from finance lease liabilities 307 1,738
Issuance of promissory notes for acquisitions 1,355 5,909
Warrants issued for Second Lien Notes 0 1,769
Financed insurance premiums 516 0
Property, plant and equipment from finance lease liabilities 215 628
2026 Term Loan used to settle Second Lien Notes and 2024 Term Loan, and refinancing fees 136,117 0
Debt Original Issue Discount $ 6,400 $ 512
[1]
(1) For the six months ended June 30, 2026, Other non-cash items, net includes $3,305 accrued interest settled by a third-party lender.