Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net loss $ (17,587) $ (18,490)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 13,606 14,125
Amortization of deferred financing costs 667 625
Stock-based compensation expense 2,708 2,570
Deferred income taxes (1,393) (1,994)
Amortization of operating lease right-of-use assets 352 539
Other 1,423 (525)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (2,721) (3,227)
Inventories 594 1,302
Prepaid expenses and other assets 527 926
Accounts payable and accrued liabilities 4,436 5,589
Deferred revenue (1,069) (108)
Operating lease liabilities (364) (496)
Other assets and liabilities (1,990) 1,082
Net cash provided by operating activities 1,904 1,915
Investing activities:    
Purchases of property and equipment (877) (1,025)
Additions to intangible assets (3,808) (3,814)
Net cash used in investing activities (4,685) (4,839)
Financing activities:    
Repayment of debt (1,024) (1,324)
Principal payments under finance lease obligations (156) 0
Net cash used in financing activities (1,180) (1,324)
Effect of exchange rate changes on cash (154) 202
Net decrease in cash and restricted cash (4,115) (4,046)
Cash and restricted cash, beginning of period 27,437 35,007
Cash and restricted cash, end of period 23,322 30,961
Supplemental cash flow information:    
Cash paid for interest 5,665 11,357
Cash paid for income taxes (net of refunds) 340 45
Non-cash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities 485 0
Reconciliation of cash and restricted cash reported in the Consolidated Balance Sheets    
Cash 23,025 30,600
Restricted cash 297 361
Total cash and restricted cash reported in the Consolidated Statement of Cash Flows 23,322 30,961
Affiliate    
Adjustments to reconcile net loss to net cash provided by operating activities    
Change in fair value of warrant liabilities to affiliates (2,321) (3)
Changes in operating assets and liabilities, net of acquisitions:    
Accrued interest due to affiliate $ 5,036 $ 0