v3.24.3
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 $ (26,131) $ (75,894)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 15,924 13,008
Loss on rental units and other assets 3,075 3,377
Gain on sale of former rental assets (164) (58)
Provision for sales revenue returns and doubtful accounts 9,397 7,075
Provision for inventory losses (243) 2,343
Loss on purchase commitments (334)  
Stock-based compensation expense 5,704 8,484
Deferred income taxes (244)  
Change in fair value of earnout liability 1,830  
Impairment charges   32,894
Changes in operating assets and liabilities:    
Accounts receivable (1,154) 7,140
Inventories (2,048) 6,452
Income tax receivable (288) 1,165
Prepaid expenses and other current assets 4,083 5,054
Operating lease right-of-use asset 1,323 2,453
Other noncurrent assets 351 (1,406)
Accounts payable and accrued expenses (2,947) (7,224)
Accrued payroll 3,195 (3,179)
Warranty reserve 2,197 2,443
Deferred revenue (2,788) (1,920)
Income tax payable (27) 200
Operating lease liability (1,779) (2,493)
Net cash provided by (used in) operating activities 8,932 (86)
Cash flows from investing activities    
Purchases of available-for-sale securities (32,333) (23,750)
Maturities of available-for-sale securities 20,500 10,500
Investment in intangible assets (2,090) (494)
Investment in property and equipment (3,031) (3,824)
Production and purchase of rental equipment (8,833) (16,391)
Proceeds from sale of former assets 272 149
Acquisition of business, net of cash acquired   (29,633)
Net cash used in investing activities (25,515) (63,443)
Cash flows from financing activities    
Proceeds from stock options exercised   384
Proceeds from employee stock purchases 811 1,094
Payment of employment taxes related to release of restricted stock (286) (504)
Net cash provided by financing activities 525 974
Effect of exchange rates on cash (153) 149
Net decrease in cash, cash equivalents and restricted cash (16,211) (62,406)
Cash, cash equivalents and restricted cash, beginning of period 125,492 187,014
Cash, cash equivalents and restricted cash, end of period 109,281 124,608
Supplemental disclosures of cash flow information    
Cash paid (received) during the period for income taxes, net of refunds received 348 (738)
Supplemental disclosure of non-cash transactions    
Accrued value of earnout related to acquisition   3,178
Property and equipment in accounts payable and accrued expenses $ 62 $ 430

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