XML 17 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (18,356) $ (73,449)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 7,801 8,236
Provisions for credit losses (204) 883
Amortization of deferred contract acquisition costs 644 585
Amortization of deferred contract fulfillment costs 218 85
Inventory write-off 125  
Net gain on divestiture (10,713)  
Stock-based compensation expense 7,339 16,238
Loss on equity method investment 778 926
Deferred income taxes (6) (5)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable (7,274) (27,506)
Inventories 328 74
Deferred contract acquisition costs (675) (947)
Prepaid expenses and other current assets (786) (1,611)
Other assets (302) 262
Accounts payable 1,428 1,851
Accrued expenses and other current liabilities (8,978) 33
Deferred revenue 3,525 14,589
Net cash used in operating activities (25,108) (59,756)
Cash flows from investing activities:    
Purchases of property and equipment (9) (75)
Capitalized software development costs   (2,818)
Investment in less than majority owned joint venture   (1,715)
Purchases of investments (1,000)  
Proceeds from divestiture, net of cash divested 20,400  
Net cash used in investing activities 19,391 (4,608)
Cash flows from financing activities:    
Proceeds from employee stock purchase plan 544 956
Payments for the purchase of treasury stock (1)  
Net cash provided by financing activities 543 956
Effect of exchange rates changes on cash, cash equivalents, and restricted cash (731) (31)
Net decrease in cash, cash equivalents, and restricted cash (5,905) (63,439)
Cash, cash equivalents, and restricted cash at beginning of period 229,111 372,833
Cash, cash equivalents, and restricted cash at end of period 223,206 309,394
Cash, cash equivalents, and restricted cash at end of period:    
Cash and cash equivalents 222,411 308,599
Restricted cash 795 795
Total cash, cash equivalents, and restricted cash at end of period 223,206 309,394
Supplemental disclosure of cash flow information:    
Cash paid for income taxes $ 827 $ 630