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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net loss $ (3,437) $ (14,883)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,436 1,484
Bad debt expense 911 624
Amortization of debt issuance costs 605 591
Provision for obsolete inventory 683 (32)
Non-cash lease expense 685 423
Non-cash interest on share repurchase liability 1,548  
Shares issued in settlement of litigation   1,199
Share-based compensation expense 6,849 7,060
Loss from change in fair value of warrant liability   13,411
Loss from change in fair value of earnout liabilities 18,825 14,360
Deferred income taxes 2,233 394
Changes in operating assets and liabilities:    
Accounts receivable (2,550) (3,834)
Inventory 2,179 137
Other current assets 2,189 (7,118)
Accounts payable 156 1,582
Deferred revenue 206 853
Accrued expenses 24 4,005
Operating lease liabilities (667) (329)
Net cash provided by operating activities 32,875 19,927
Investing Activities    
Purchases of short-term investments   (20,000)
Purchases of property and equipment (4,760) (518)
Purchases of capitalized software (1,116) (1,191)
Acquisitions, net of cash acquired (11,611)  
Net cash used in investing activities (17,487) (21,709)
Financing Activities    
Repurchases of common stock (5,599)  
Borrowings on revolving loans 10,000  
Principal repayments on term loan (4,687) (4,687)
Payments on repurchase liability (62,162)  
Proceeds from exercise of stock options 809 420
Issuance of stock under purchase plan 146  
Distributions (4,656) (7,588)
Net cash used in financing activities (66,149) (11,855)
Effect of exchange rate changes on cash and cash equivalents (16) (19)
Net decrease in cash and cash equivalents (50,777) (13,656)
Cash and cash equivalents at beginning of period 89,002 79,231
Cash and cash equivalents at end of period 38,225 65,575
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 7,325 7,022
Cash paid for income taxes 2,288 $ 2,789
Non-cash investing and financing activities    
Shares issued to acquire Simpatra $ 1,841