v3.26.1
Condensed Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (33,834) $ (33,320)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Depreciation and amortization expense 2,787 5,037
Provision for allowance for credit losses 243 581
Share-based compensation expense 14,497 18,270
Non-cash lease expense 1,103 1,133
Amortization of debt issuance costs 505 148
Amortization (accretion) of premium (discount) on marketable securities, net 11 (114)
Other, net 1,383 219
Net changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 13,180 9,985
Inventory (3,511) (3,142)
Prepaid expenses and other assets (1,060) 84
Other non-current assets (320) (365)
Operating lease liabilities (1,683) (1,553)
Accounts payable 9,335 9,437
Accrued liabilities (372) (5,309)
Other, net 278 57
Net cash provided by (used in) operating activities 2,542 1,148
Cash flows from investing activities    
Purchases of available-for-sale marketable securities (18,669) (30,249)
Sales and maturities of available-for-sale marketable securities 23,184 33,408
Purchases of property and equipment (5,263) (8,310)
Net cash provided by (used in) investing activities (748) (5,151)
Cash flows from financing activities    
Proceeds from insurance premium financing 983 983
Debt issuance costs (6) 0
Payments on insurance premium financing (735) (98)
Proceeds from exercise of employee stock options 99 235
Taxes from withheld shares (233) (415)
Net cash provided by (used in) financing activities 108 705
Net increase (decrease) in cash and cash equivalents 1,902 (3,298)
Cash and cash equivalents at beginning of period 10,708 11,350
Cash and cash equivalents at end of period 12,610 8,052
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,193 2,495
Noncash investing activities:    
Unrealized (gains) losses, net on marketable securities 124 47
Noncash financing activities    
Legal cost financing $ 1,176 $ 228