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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net loss $ (58,165) $ (24,521)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 11,728 10,061
Stock-based compensation 12,276 10,024
Inventory write-downs 8,132 0
Asset impairment charges 5,333 0
Deferred income tax (benefit) expense and other non-cash charges (82) 568
Provision for excess and obsolete inventory 1,754 209
Amortization of debt discount and issuance costs 294 0
Loss on disposal of assets (155) 356
Provisions for bad debts, net of recoveries 834 80
Decrease (Increase) in:    
Accounts receivable 1,282 867
Inventories (544) 2,129
Prepaid expenses and other current assets 4,047 (14,566)
(Decrease) Increase in:    
Accounts payable and accrued liabilities (2,802) (2,249)
Income taxes payable 653 1,008
Customer deposits (1,534) 588
Unearned service revenues (1,198) (2,710)
Other liabilities 567 0
Net cash used in operating activities (17,580) (18,156)
Investing activities:    
Purchases of property and equipment (5,016) (4,978)
Cash paid for technology development, patents and licenses (5,071) (9,154)
Acquisition of business, net of cash acquired 0 (29,068)
Net cash used in investing activities (10,087) (43,200)
Financing activities:    
Payments on finance leases (154) (172)
Payments for taxes related to net share settlement of equity awards (89) (1,584)
Proceeds from issuance of 5.50% Convertible Senior Notes, due 2028, net of discount, issuance cost and accrued interest 72,310 0
Payment of contingent consideration for business acquisition (1,098) 0
Net cash provided by (used in) financing activities 70,969 (1,756)
Effect of exchange rate changes on cash and cash equivalents (1,195) (10,343)
Increase (Decrease) in cash and cash equivalents 42,107 (73,455)
Cash and cash equivalents, beginning of period 37,812 121,989
Cash and cash equivalents, end of period $ 79,919 $ 48,534