Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (Unaudited)

v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (6,174) $ (14,578)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,189 5,265
Loss on rental units and other assets 925 1,162
Gain on sale of former rental assets   (38)
Provision for sales revenue returns and doubtful accounts 1,714 2,164
Provision for inventory losses 166 (53)
Loss on purchase commitments 65  
Stock-based compensation expense 2,147 2,416
Deferred income taxes 457 (201)
Change in fair value of earnout liability   570
Changes in operating assets and liabilities:    
Accounts receivable (8,167) (267)
Inventories (1,085) (2,973)
Income tax receivable   (312)
Prepaid expenses and other current assets (1,549) 248
Operating lease right-of-use asset 742 (249)
Other noncurrent assets 453 4
Accounts payable and accrued expenses 6,889 1,488
Accrued payroll (6,751) (449)
Warranty reserve (202) 2,052
Deferred revenue (884) (1,172)
Income tax payable (142) (27)
Operating lease liability (761) 201
Earnout liability (9,822)  
Net cash used in operating activities (16,790) (4,749)
Cash flows from investing activities    
Purchases of available-for-sale securities   (12,384)
Maturities of available-for-sale securities   3,000
Investment in property and equipment (292) (1,310)
Production and purchase of rental equipment (1,746) (2,820)
Proceeds from sale of former assets   70
Net cash used in investing activities (2,038) (13,444)
Cash flows from financing activities    
Proceeds from employee stock purchases 489 370
Payment of employment taxes related to release of restricted stock (570) (85)
Payments of accrued earnout (3,178)  
Proceeds from issuance of common stock from securities purchase agreement 27,210  
Net cash provided by financing activities 23,951 285
Effect of exchange rates on cash 1 (140)
Net increase (decrease) in cash, cash equivalents and restricted cash 5,124 (18,048)
Cash, cash equivalents and restricted cash, beginning of period 117,415 125,492
Cash, cash equivalents and restricted cash, end of period 122,539 107,444
Supplemental disclosures of cash flow information    
Cash paid during the period for income taxes, net of refunds received 400 422
Supplemental disclosure of non-cash transactions    
Property and equipment in accounts payable and accrued expenses $ 590 $ 100