v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (77,111) $ (107,928)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,437 2,925
Asset impairment charges 58,957
Loss on note 1,159 0
Loss on extinguishment of debt 2,092 0
Bad debt 31
Issuance costs of derivative instruments 1,837
Change in fair value of warrant liabilities (6,150)
Inventory write-off 1,318 2,018
Amortization of debt discount 65 640
Stock-based compensation 4,228 3,884
Changes in operating assets and liabilities:    
Accounts receivable 170 (4,982)
Inventory 1,362 3,691
Prepaid expenses and other (2,159) 670
Accounts payable 3,732 346
Lease liabilities and ROU asset, net (18) (8)
Accrued expenses and other current liabilities 1,663 (358)
Net cash used in operating activities (60,194) (46,295)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Issuance of note (2,012)
Purchase of property and equipment (1,495) (117)
Net cash used in investing activities (3,507) (117)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Deferred payment related to purchase a business (3,000)
Repurchase of common stock (5,949)
Proceeds from ESPP 27
Payment of term loan (9,650) (1,645)
Proceeds, net of $5,750 and $3,942 expenses, from sale of common stock and warrants 170,986 54,336
Net cash provided by financing activities 155,387 49,718
Effect of currency rate change on cash (17) (20)
Net increase in cash, cash equivalents and restricted cash 91,669 3,286
Cash, cash equivalents and restricted cash beginning of the period 99,680 25,850
Cash, cash equivalents and restricted cash end of period 191,349 29,136
Supplemental disclosures of cash flow information:    
Interest expense paid 89 954
Non-cash financing and investing activities:    
At-the-market agreement receivable 1,680
Issuance costs from derivative instruments 1,837
Purchases of property and equipment included in accounts payable and accrued liabilities $ 263

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