v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net loss $ (52,853,000) $ (22,680,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 5,693,000 4,786,000
Amortization of intangible assets 7,030,000 6,869,000
Amortization of operating lease right-of-use assets 2,187,000 2,098,000
Amortization of deferred financing costs 461,000 740,000
Stock-based compensation expense 10,403,000 12,057,000
Goodwill impairment 12,435,000 0
Change in fair value of derivative instruments 0 (1,919,000)
Other (236,000) 223,000
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 10,160,000 17,883,000
Inventory 449,000 820,000
Prepaid expenses and other current assets 2,241,000 730,000
Accounts payable (708,000) (3,682,000)
Accrued expenses and other current liabilities 1,457,000 (24,116,000)
Deferred revenue 381,000 (1,150,000)
Other long-term liabilities (8,490,000) (1,126,000)
Net cash used in operating activities (9,390,000) (8,467,000)
Investing activities:    
Cash paid for acquisitions of a business, net of cash acquired (18,628,000) 0
Purchases of property and equipment (5,235,000) (5,665,000)
Proceeds from government assistance allocated to property and equipment 734,000 1,421,000
Net cash used in investing activities (23,129,000) (4,244,000)
Financing activities:    
Principal repayments of long-term debt (1,360,000) (1,360,000)
Payments of finance lease liabilities (183,000) (145,000)
Proceeds from interest rate cap agreement 1,375,000 2,378,000
Taxes paid for shares withheld under employee equity plans, net of proceeds from issuance of Class A common stock (4,732,000) (1,433,000)
Net cash used in financing activities (4,900,000) (560,000)
Effects of exchange rate changes on cash and cash equivalents 73,000 0
Net decrease in cash and cash equivalents (37,346,000) (13,271,000)
Cash and cash equivalents, beginning of period 322,399,000 574,962,000
Cash and cash equivalents, end of period 285,053,000 561,691,000
Supplemental cash flow information:    
Cash paid for interest 6,518,000 12,140,000
Cash paid for income taxes, net 139,000 197,000
Supplemental disclosures of non-cash activities:    
Property and equipment included in accounts payable and accrued expenses 1,434,000 3,162,000
Accrued receivable for capital expenditures to be reimbursed under a government contract 0 2,844,000
Fair value of contingent consideration liability recorded in connection with acquisition of a business 4,800,000 0
Accrued consideration payable recorded in connection with acquisitions of a business $ 2,331,000 $ 0

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