Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (Unaudited)

v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (8,324) $ (6,174)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,904 5,189
Loss on rental units and other assets 563 925
Provision for sales revenue returns and doubtful accounts 2,051 1,714
Provision for inventory losses 416 166
Stock-based compensation expense 1,950 2,147
Deferred income taxes (41) 457
Other 39 65
Changes in operating assets and liabilities:    
Accounts receivable (5,489) (8,167)
Inventories (1,989) (1,085)
Prepaid expenses and other current assets 250 (1,549)
Operating lease right-of-use asset 806 742
Other noncurrent assets 1,463 453
Accounts payable and accrued expenses (1,342) 6,889
Accrued payroll (400) (6,751)
Warranty reserve 56 (202)
Deferred revenue (846) (884)
Income tax payable (179) (142)
Operating lease liability (573) (761)
Earnout liability   (9,822)
Net cash used in operating activities (6,685) (16,790)
Cash flows from investing activities    
Purchases of available-for-sale securities (5,863)  
Maturities of available-for-sale securities 4,669  
Investment in property and equipment (210) (292)
Production and purchase of rental equipment (571) (1,746)
Net cash used in investing activities (1,975) (2,038)
Cash flows from financing activities    
Proceeds from employee stock purchases 373 489
Payment of employment taxes related to release of restricted stock (622) (570)
Repurchases of common stock (1,874)  
Payments of accrued earnout   (3,178)
Proceeds from issuance of common stock from securities purchase agreement   27,210
Net cash (used in) provided by financing activities (2,123) 23,951
Effect of exchange rates on cash 173 1
Net (decrease) increase in cash, cash equivalents and restricted cash (10,610) 5,124
Cash, cash equivalents and restricted cash, beginning of period 105,018 117,415
Cash, cash equivalents and restricted cash, end of period 94,408 122,539
Supplemental disclosures of cash flow information    
Cash paid during the period for income taxes, net of refunds received 448 400
Supplemental disclosure of non-cash transactions    
Property and equipment in accounts payable and accrued expenses $ 152 $ 590