XML 22 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (39,912) $ (73,928)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,844 3,960
Non-cash operating lease cost 727 831
Stock-based compensation to employees and directors 1,094 4,776
Gain on sale of intangible assets (336) 0
Loss from equity method securities 17,073 18,452
Other non-cash adjustments 200 (76)
Changes in operating assets and liabilities:    
Accounts receivable, net (2,225) (3,667)
Inventories (13,042) 137
Prepaids and other current assets 2,167 2,297
Other long-term assets, net (125) 135
Accounts payable (4,087) 10,059
Accrued liabilities (14,302) (1,412)
Unearned revenue (2,288) 5,078
Operating lease liabilities (662) (894)
Other long-term liabilities (47) (358)
Net cash used in operating activities (50,921) (34,610)
Cash flows from investing activities:    
Purchase of equity securities (8,000) 0
Purchase of intangible assets (5,214) (5,714)
Expenditures for property and equipment (1,181) (3,422)
Proceeds from the sale of intangible assets 1,250 0
Other investing activities, net 0 10
Net cash used in investing activities (13,145) (9,126)
Cash flows from financing activities:    
Proceeds from sale of common stock, net of offering costs 19,472 0
Payments of taxes withheld upon vesting of employee stock awards (527) (3,172)
Other financing activities, net 509 653
Net cash provided by (used in) financing activities 19,454 (2,519)
Net decrease in cash, cash equivalents, and restricted cash (44,612) (46,255)
Cash, cash equivalents, and restricted cash, beginning of period 186,093 302,749
Cash, cash equivalents, and restricted cash, end of period $ 141,481 $ 256,494