v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (45,101) $ (93,715)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 976 2,415
Asset impairment charges 58,957
Change in fair value of warrant liabilities (6,150)
Inventory write-off 2,280 1,738
Amortization of debt discount 65 431
Loss on extinguishment of debt 2,092 0
Stock-based compensation 2,305 2,846
Issuance costs from derivative instruments 1,837
Changes in operating assets and liabilities:    
Accounts receivable 1,363 (3,339)
Inventory 142 2,444
Prepaid expenses and other current assets (483) 1,011
Accounts payable 2,711 6,703
Lease liabilities and ROU asset, net (12) (2)
Accrued expenses and other current liabilities 413 (833)
Net cash used in operating activities (31,412) (27,494)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Issuance of note (2,012)
Purchase of property and equipment (533) (108)
Net cash used in investing activities (2,545) (108)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Purchase of a business (3,000)
Repurchase of common stock (5,949)
Proceeds from ESPP 23
Payment of term loan (9,650) (940)
Proceeds, net of $2,757 and $1,704 expenses, from sale of common stock and warrants 76,125 10,730
Net cash provided by financing activities 60,526 6,813
Effect of currency rate change on cash (13) (3)
Net increase (decrease) in cash, cash equivalents and restricted cash 26,556 (20,792)
Cash, cash equivalents and restricted cash beginning of the period 99,680 25,850
Cash, cash equivalents and restricted cash end of period 126,236 5,058
Supplemental disclosures of cash flow information:    
    Interest paid 117 653
Non-cash financing and investing activities:    
Issuance costs from derivative instruments 1,837
Net ATM proceeds received after quarter-end 1,629
Purchases of property and equipment included in accounts payable and accrued liabilities $ 526 $ 106

Source