v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (19,584) $ (3,834)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 1,604 1,728
Amortization of right-of-use assets 420 87
Amortization of intangible assets 101 67
Amortization of debt discount and deferred financing fees 68 220
(Recovery of) provision for bad debts (120) 187
Change in fair value of debt derivative liabilities 0 158
Investment losses (gains), net 33 (45)
Loss on extinguishment of debt 16,849 0
Stock-based compensation expense 6,843 2,909
Change in operating assets and liabilities:    
Accounts receivable (2,024) (2,377)
Inventory (3,701) (2,321)
Prepaid expenses and other assets (368) (489)
Other assets (192) 0
Accounts payable and accrued expenses 2,198 (9,079)
Operating lease obligations (559) (452)
Cash paid for interest portion of financing lease obligations (2) (1)
Other long-term liabilities (1) 63
Net cash provided by (used in) operating activities 1,565 (13,179)
Cash flows from investing activities:    
Purchase of property and equipment (2,789) (256)
Purchase of investments (19,000) 0
Proceeds from sale of investments 6,000 2,000
Cash payments for intangible assets (175) (405)
Net cash (used in) provided by investing activities (15,964) 1,339
Cash flows from financing activities:    
Proceeds from issuance of common stock 134,044 0
Payment of stock issuance costs (792) 0
Repayment of long-term debt (48,585) 0
Fees paid to lender related to debt extinguishment (20,498) 0
Fees paid to third parties related to debt extinguishment (107) 0
Payments of employee tax withholding on vested stock awards (8,776) 0
Cash paid for debt portion of financing lease obligations (7) (1)
Proceeds from exercise of stock options 4,226 2,383
Net cash provided by financing activities 59,505 2,382
Net increase (decrease) in cash and cash equivalents, and restricted cash 45,106 (9,458)
Cash and cash equivalents, and restricted cash, beginning of period 39,548 33,554
Cash and cash equivalents, and restricted cash, end of period 84,654 24,096
Supplemental disclosures of cash flow activity:    
Cash paid for interest 625 1,513
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of property and equipment change in accounts payable and accrued expenses 70 116
Acquisition of right-of-use asset in exchange for a lease liability 1,967 0
Acquisition of intangible assets change in accounts payable and accrued expenses $ 446 $ (36)