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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net loss $ (66,427) $ (139,805) $ (8,908)
Adjustments to reconcile net loss to net cash used in operating activities      
Impairment of intangible assets 5,758 110,364 0
Impairment of long-lived assets 9,727 0 0
Gain on settlement of Global Cooling escrow (5,115) 0 0
Depreciation 7,114 6,775 4,663
Amortization of intangible assets 5,181 9,697 8,202
Amortization of loan costs 13 18 121
Stock-based compensation 31,670 25,334 13,956
Non-cash lease expense 404 3,486 2,053
Deferred income tax benefit (62) (5,238) (20,127)
Change in fair value of contingent consideration (2,193) (4,754) 2,875
Change in fair value of warrant liability 0 0 121
Change in fair value of investments 0 (697) 0
Accretion of investments (1,262) (447) 0
Gain on acquisition of Sexton Biotechnologies, Inc. 0 0 (6,451)
Loss on disposal of assets held for rent, net 594 773 609
Loss on disposal of property and equipment, net 633 745 482
Forgiveness of loans payable 0 0 (284)
Other 0 166 353
Change in operating assets and liabilities, net of effects of acquisitions      
Accounts receivable, trade, net 15,351 (10,753) (10,132)
Inventories (8,552) (6,559) 114
Prepaid expenses and other current assets 137 26 2,663
Accounts payable (8,425) 414 2,018
Accrued expenses and other current liabilities 2,002 1,787 (3,936)
Sales taxes payable 1,311 1,526 1,412
Warranty liability (454) (1,086) 5,833
Other 97 (260) (230)
Net cash used in operating activities (12,498) (8,488) (4,593)
Cash flows from investing activities      
Cash acquired in acquisition of Global Cooling, Inc. and Sexton Biotechnologies, Inc. 0 0 1,559
Purchases of property and equipment (6,381) (10,385) (8,385)
Purchases of assets held for rent (4,856) (3,536) (6,371)
Proceeds from sale of equipment 0 0 5
Proceeds from sale of available-for-sale securities 3,469 420 0
Maturities of available-for-sale securities 52,700 8,500 0
Investment in available-for-sale securities (27,095) (53,116) 0
Net cash provided by (used in) investing activities 17,837 (58,117) (13,192)
Cash flows from financing activities      
Proceeds from term loan 0 20,000 0
Payments on term loan (300) (1,666) 0
Payments on equipment loans (198) (498) (214)
Proceeds from equipment loans 0 0 1,550
Issuance of common stock 10,244 0 0
Fees paid related to issuance of common stock 0 (131) (145)
Proceeds from line of credit 0 0 27,306
Payments on line of credit 0 0 (31,536)
Proceeds from exercise of common stock options 507 323 1,418
Proceeds from financed insurance premium 2,639 0 0
Payments on financed insurance premium (2,365) (1,375) (1,033)
Other 64 (337) (124)
Net cash provided by (used in) financing activities 10,591 16,316 (2,778)
Net increase (decrease) in cash, cash equivalents, and restricted cash 15,930 (50,289) (20,563)
Cash, cash equivalents, and restricted cash – beginning of period 19,473 69,870 90,456
Effects of currency translation on cash, cash equivalents, and restricted cash 35 (108) (23)
Cash, cash equivalents, and restricted cash – end of period 35,438 19,473 69,870
Non-cash investing and financing activities      
Cashless exercise of warrants reclassified from warrant liability to common stock 0 0 2,901
Assets acquired under operating leases 880 243 6,875
Assets acquired under finance leases 1,682 0 440
Purchase of property and equipment not yet paid 359 478 197
Unrealized (gain) loss on available-for-sale securities (56) 50 0
Unrealized gain on currency translation (12) 0 0
Returned shares from settlement of Global Cooling escrow (5,115) 0 0
Cash interest paid 1,927 586 452
Global Cooling, Inc. and Sexton Biotechnologies      
Non-cash investing and financing activities      
Stock issued as consideration 0 0 264,718
SciSafe      
Non-cash investing and financing activities      
Stock issued as consideration $ 2,263 $ 817 $ 0