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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (10,039) $ (11,663)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation & amortization 2,879 2,868
Impairment of assets 799 0
Non-cash lease expense 957 1,073
Amortization of deferred financing fees and debt discount 101 185
Stock-based compensation expense 2,941 3,225
Provision for inventory obsolescence 1,229 600
Change in fair value of warrant liabilities and derivatives 391 (1,304)
Changes in operating assets and liabilities:    
Accounts receivable 637 1,427
Inventory 2,521 11,269
Prepaid expenses and other current assets (999) (1,602)
Other noncurrent assets 343 (125)
Accounts payable and accrued expenses 2,396 (14,824)
Deferred revenue 542 (1,427)
Operating lease liabilities (1,281) (917)
Other liabilities (1,625) 474
Net cash provided by (used in) operating activities 1,792 (10,741)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (2,043) (2,972)
Net cash used in investing activities (2,043) (2,972)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of finance lease obligations (54) (58)
Proceeds from the exercise of stock options 145 81
Proceeds from issuance of common stock under ESPP 193 286
Tax payments related to the issuance of common stock (255) (530)
Excise tax from stock repurchases (43) 0
Payments to repurchase common stock (4,286) 0
Net cash used in financing activities (4,300) (221)
Effect of exchange rate changes on cash 21 2
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (4,530) (13,932)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—BEGINNING OF PERIOD 130,704 183,068
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD 126,174 169,136
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents 117,795 163,923
Restricted cash - Other noncurrent assets 8,379 5,213
Total cash, cash equivalents and restricted cash 126,174 169,136
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Purchases of property and equipment included in accounts payable and accrued liabilities 0 97
Cash paid for interest $ 50 $ 45