Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (Unaudited)

v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net loss $ (28,329) $ (15,620)
Loss from discontinued operations, net of tax (2,911) (2,445)
Loss from continuing operations (25,418) (13,175)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 6,609 6,609
Provision for sales revenue returns and doubtful accounts 5,217 4,866
Provision for inventory losses 941 721
Stock-based compensation expense 5,417 6,123
Impairment charge 10,559
Deferred income taxes (72) 30
Other (117) 286
Changes in operating assets and liabilities:    
Accounts receivable (15,565) (14,572)
Inventories (7,118) 65
Prepaid expenses and other current assets 178 1,061
Operating lease right-of-use asset 2,433 2,470
Other noncurrent assets 1,427 1,299
Accounts payable and accrued expenses 6,771 4,359
Accrued payroll 1,371 (7,164)
Warranty reserve (1,402) 1,515
Deferred revenue (2,090) (2,368)
Income tax payable (180) (138)
Operating lease liability (2,571) (2,563)
Earnout liability   (9,822)
Net cash used in operating activities of continuing operations (13,610) (20,398)
Net cash provided by operating activities of discontinued operations 5,401 10,125
Net cash used in operating activities (8,209) (10,273)
Cash flows from investing activities    
Purchases of available-for-sale securities (20,878) (22,682)
Maturities of available-for-sale securities 21,669 6,000
Investment in property and equipment (1,201) (1,544)
Net cash used in investing activities of continuing operations (410) (18,226)
Net cash used in investing activities of discontinued operations (2,504) (6,467)
Net cash used in investing activities (2,914) (24,693)
Cash flows from financing activities    
Proceeds from employee stock purchases 729 971
Payment of employment taxes related to vesting of restricted stock units (668) (634)
Repurchases of common stock (11,247)  
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 (11,186) 24,369
Effect of exchange rates on cash 5 939
Net decrease in cash, cash equivalents, and restricted cash (22,304) (9,658)
Cash, cash equivalents and restricted cash, beginning of period 105,018 117,415
Cash, cash equivalents and restricted cash, end of period 82,714 107,757
Supplemental disclosures of cash flow information    
Cash paid during the period for income taxes, net of refunds received 497 318
Supplemental disclosure of non-cash transactions    
Property and equipment in accounts payable and accrued expenses $ 208 $ 154