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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net loss $ (83,479) $ (89,781)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 22,266 13,777
Depreciation and amortization 1,208 1,679
Non-cash lease expense 173 361
Loss (gain) on disposal of property and equipment   3
Accretion and non-cash interest expense 17,271 10,138
Changes in operating assets and liabilities:    
Accounts receivable, net (33,240) (141)
Inventory (23,931) (38)
Prepaid expenses and other current assets (3,064) (3,445)
Other noncurrent assets 1,964 (7,471)
Accounts payable (629) (222)
Accrued expenses and other current liabilities 21,785 3,291
Operating lease liabilities (254) (760)
Net cash used in operating activities (79,930) (72,609)
Investing activities    
Purchases of property, plant and equipment (2,298) (3,661)
Net cash used in investing activities (2,298) (3,661)
Financing activities    
Proceeds from long-term debt, net of fees 74,975 57,460
Payments on long-term debt (13,033) (2,731)
Principal payments on finance leases (64) (80)
Receipts from litigation financing 984 489
Proceeds from sale of common stock, net of issuance costs   138,893
Proceeds from issuance of common stock under stock incentive plans 3,887 2,928
Net cash provided by financing activities 66,749 196,959
Net increase (decrease) in cash, cash equivalents, and restricted cash (15,479) 120,689
Cash, cash equivalents, and restricted cash, beginning of period 176,479 83,679
Cash, cash equivalents, and restricted cash, end of period 161,000 204,368
Supplemental disclosure of cash flow information    
Cash paid for operating lease liabilities 1,022 985
Offering costs incurred, but not paid included in accrued expenses   348
Non-cash increase in right-of-use assets due to remeasurement of lease liabilities   28
Non-cash increase in property, plant and equipment through accounts payable 1,125 625
Non-cash increase in indemnification asset through accounts payable $ 834 $ 499