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 $ (71,763) $ (116,039)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 22,345 22,005
(Gain) loss on remeasurement of warrants (5,635) (99)
Amortization of debt issuance costs 8,951 6,209
Stock-based compensation 1,693 42,227
Warrant issuance costs 867 0
Loss on disposal of assets 630 234
Accounts receivable reserves 610 (1,462)
Inventory reserves 513 540
Amortization of right-of-use assets and lease liability (124) (278)
(Gain) loss on loan extinguishment (6,821) 102
Deferred income taxes 0 (199)
Other 0 941
Changes in operating assets and liabilities:    
Accounts receivable 2,873 7,029
Other receivables 528 555
Inventories, net (1,287) 5,475
Prepaid expenses and other current assets (239) 1,816
Contract assets (759) (1,244)
Other assets 76 (119)
Accounts payable (638) (2,061)
Accrued liabilities 1,588 1,893
Other long-term liabilities 217 706
Unearned revenue and contract liabilities (85) 438
Net cash used in operating activities (46,460) (31,331)
Cash flows from investing activities    
Purchases of property, plant and equipment and intangible assets (7,486) (25,722)
Proceeds from disposals of property, plant and equipment 1,167 18
Net cash used in investing activities (6,319) (25,704)
Cash flows from financing activities    
Proceeds from issuance of warrants, net of issuance costs 8,888 0
Proceeds from issuance of common stock, net of issuance costs 4,517 0
Proceeds from long-term debt 20,716 130,000
Principal payments on long-term debt (17,594) (12,437)
Cash paid for debt issuance costs (1,097) (33,296)
Proceeds from employee stock purchase plan 176 282
Employee taxes related to stock-based compensation (28) (61)
Net cash provided by financing activities 15,578 84,488
Net (decrease) increase in cash and cash equivalents and restricted cash (37,201) 27,453
Cash and cash equivalents and restricted cash    
Cash and cash equivalents and restricted cash-beginning of period 73,504 64,401
Cash and cash equivalents and restricted cash-end of period 36,303 91,854
Supplemental cash flow information:    
Cash paid for interest, net of interest capitalized 18,912 16,349
Cash paid for operating leases $ 2,791 $ 2,787