v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (63,402,000) $ (73,642,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 29,274,000 27,872,000
Amortization of intangibles 25,085,000 26,350,000
Stock-based compensation 25,085,000 17,643,000
Non-cash operating lease expense 7,022,000 6,860,000
Amortization of convertible debt discount 2,041,000 2,015,000
Amortization of debt issue costs 141,000 139,000
Loss on disposal of assets, net 63,000 334,000
Impairment of assets 333,000 1,703,000
Other adjustments 141,000 122,000
Changes in assets and liabilities, net    
Accounts receivable, net (20,201,000) (12,928,000)
Inventories (408,000) (252,000)
Prepaid and other assets (1,206,000) (5,165,000)
Operating lease liabilities (4,287,000) (5,871,000)
Deferred income tax liabilities, net (1,514,000) (9,380,000)
Accrued compensation (996,000) 7,453,000
Accounts payable and other liabilities 52,000 (2,990,000)
Net cash used in operating activities (2,777,000) (19,737,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of marketable securities 0 (6,756,000)
Proceeds from maturities of marketable securities 47,784,000 87,963,000
Purchases of property and equipment (29,462,000) (21,695,000)
Net cash provided by investing activities 18,322,000 59,512,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of equipment financing obligations 0 (66,000)
Issuance of common stock, net 3,959,000 3,350,000
Net cash provided by financing activities 3,959,000 3,284,000
Net change in cash and cash equivalents 19,504,000 43,059,000
Cash and cash equivalents, beginning of period 342,488,000 263,180,000
Cash and cash equivalents, end of period 361,992,000 306,239,000
Supplemental disclosure of cash flow information:    
Interest paid 2,139,000 2,121,000
Income taxes paid, net 319,000 175,000
Supplemental disclosure of non-cash investing and financing information:    
Purchases of property and equipment included in accounts payable $ 1,688,000 $ 636,000

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