XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (89,587) $ (102,841)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 27,448 18,963
Non-cash interest 5,303 920
Paid-in-kind interest 7,028
Non-cash restructuring, impairment and other related charges 20,115
Loss on impairment of goodwill 6,879
Change in fair value – warrant liabilities 111
Loss on extinguishment of debt 3,394 4,331
Stock-based compensation 2,108 3,792
Loss on disposal of property and equipment 770
Changes in operating assets and liabilities:    
Accounts receivable 8,140 1,465
Inventories 2,971 696
Prepaid expenses and other assets 378 (1,204)
Operating leases, net (2,105) 1,462
Accounts payable (16,558) 544
Accrued compensation 10,045 (801)
Customer prepayments (1,940) 723
Accrued rebates and allowances (3,203) (1,229)
Accrued warranty liabilities (621) 7,422
Other accrued liabilities 1,592 3,070
Net cash used in operating activities (24,611) (55,808)
Cash flows from investing activities:    
Excess restricted cash returned to acquiree (826)
Purchase of property and equipment (6,160) (8,769)
Investment in intangible assets (221) (588)
Net cash used in investing activities (6,381) (10,183)
Cash flows from financing activities:    
Payments on term loan (25,000) (24,656)
Payments on revolving line of credit (5,000)
Proceeds from related party loan 61,000
Proceeds from term loan 25,000
Payments for debt issuance costs (3,466) (6,126)
Proceeds from stock offering 60,300
Payments for public offering costs (3,301)
Proportional Representation Preferred Linked Stock redemption fee (105)
Tax receivable agreement payments (269)
Net cash provided by financing activities 27,534 50,843
Net decrease in cash, cash equivalents and restricted cash (3,458) (15,148)
Cash, cash equivalents and restricted cash, beginning of the year 26,857 41,754
Cash, cash equivalents and restricted cash, end of the period 23,399 26,606
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest, net of amounts capitalized 46 (338)
Cash paid during the period for income taxes 305 341
Supplemental schedule of non-cash investing and financing activities:    
Property and equipment included in accounts payable $ 352 $ 2,936