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
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (12,174) $ (10,326)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 9,601 10,405
Loss on rental units and other assets 1,261 1,655
Provision for sales revenue returns and doubtful accounts 3,845 3,248
Provision for inventory losses 681 447
Stock-based compensation expense 3,721 4,440
Deferred income taxes (73) 80
Other 104 267
Changes in operating assets and liabilities:    
Accounts receivable (11,739) (11,037)
Inventories (6,225) (23)
Prepaid expenses and other current assets 74 (2,609)
Operating lease right-of-use asset 1,617 1,687
Other noncurrent assets 965 861
Accounts payable and accrued expenses 5,738 5,612
Accrued payroll 2,218 (4,526)
Warranty reserve 65 638
Deferred revenue (1,526) (1,554)
Income tax payable (180) (135)
Operating lease liability (1,712) (1,748)
Earnout liability   (9,822)
Net cash used in operating activities (3,739) (12,440)
Cash flows from investing activities    
Purchases of available-for-sale securities (13,079) (18,703)
Maturities of available-for-sale securities 10,670  
Investment in property and equipment (921) (976)
Production and purchase of rental equipment (1,779) (4,932)
Net cash used in investing activities (5,109) (24,611)
Cash flows from financing activities    
Proceeds from employee stock purchases 373 489
Payment of employment taxes related to vesting of restricted stock units (622) (570)
Repurchases of common stock (7,498)  
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 (7,747) 23,951
Effect of exchange rates on cash 156 642
Net decrease in cash, cash equivalents, and restricted cash (16,439) (12,458)
Cash, cash equivalents and restricted cash, beginning of period 105,018 117,415
Cash, cash equivalents and restricted cash, end of period 88,579 104,957
Supplemental disclosures of cash flow information    
Cash paid during the period for income taxes, net of refunds received 482 482
Supplemental disclosure of non-cash transactions    
Property and equipment in accounts payable and accrued expenses $ 103 $ 360