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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 $ (36,206) $ (67,042)
Adjustments to reconcile net loss to net cash used in operating activities:    
Allowance for credit losses 5 1,802
Inventory reserve adjustment 5,383 2,386
Depreciation and amortization 19,491 15,293
Amortization of debt issuance costs and premium (771) 1,037
Gain on disposal of assets 31 33
Share-based compensation 8,842 11,841
Warrants contra revenue 91 0
Unrealized foreign exchange loss (gain) 485 (25)
Changes in operating assets and liabilities:    
Accounts receivable, trade (107,232) (28,884)
Trade notes receivable 0 172
Inventories, net (84,612) (2,760)
Other current assets (11,342) (2,031)
Operating right of use asset (31,851) 784
Accounts payable 45,176 23,099
Accrued liabilities 15,667 612
Unearned revenue 0 (364)
Lease liability 31,992 (863)
Net cash used in operating activities (144,851) (44,910)
Investing activities:    
Purchase of property, plant and equipment (104,113) (15,027)
Deposits and prepaid for equipment (21,289) (6,026)
Purchase of intangible assets (270) (374)
Net cash used in investing activities (125,672) (21,427)
Financing activities:    
Proceeds from line of credit borrowings 51,325 35,639
Repayments of line of credit borrowings (50,778) (29,952)
Proceeds from bank acceptance payable 88,628 24,831
Repayments of bank acceptance payable (74,226) (30,484)
Payments of tax withholding on behalf of employees related to share-based compensation (9,181) (3,053)
Payment on convertible notes (81) (216)
Proceeds from common stock offering, net 342,561 58,494
Cash settlement of Share-based compensation 0 (2,791)
Net cash provided by financing activities 348,248 52,468
Effect of exchange rate changes on cash (6,141) 139
Net increase (decrease) in cash, cash equivalents and restricted cash 71,584 (13,730)
Cash, cash equivalents and restricted cash at beginning of period 79,133 55,097
Cash, cash equivalents and restricted cash at end of period 150,717 41,367
Supplemental disclosure of cash flow information:    
Interest, net of amounts capitalized 2,387 2,635
Income taxes 0 1
Non-cash investing and financing activities:    
Net change in accounts payable related to property and equipment additions 5,432 (411)
Net change in deposits and prepaid for equipment related to property and equipment additions (15,056) 276
Warrant issued and vested to customer $ 16,739 $ 0