Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Sep. 30, 2021 |
Sep. 30, 2020 |
| Cash flows from operating activities: |
|
|
| Net loss |
$ (26,948)
|
$ (32,470)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
2,792
|
2,502
|
| Provision for doubtful accounts |
477
|
758
|
| Provision for inventory obsolescence |
93
|
1,512
|
| Share-based compensation |
7,377
|
4,534
|
| Loss from disposal of property and equipment |
133
|
152
|
| Unrealized foreign currency loss, net |
3,317
|
5,043
|
| Amortization of right-to-use asset |
305
|
256
|
| Change in fair value of derivative instruments |
(546)
|
(442)
|
| Change in fair value of contingent consideration |
0
|
(304)
|
| Amortization of debt discount |
1,512
|
1,232
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(6,795)
|
3,291
|
| Inventory |
(5,289)
|
(1,722)
|
| Prepaid expenses and other current assets |
(3,320)
|
1,043
|
| Other assets |
204
|
(30)
|
| Accounts payable |
660
|
(3,267)
|
| Accrued liabilities |
6,828
|
1,725
|
| Operating lease liabilities |
(309)
|
(218)
|
| Other liabilities |
(314)
|
461
|
| Net cash used in operating activities |
(19,823)
|
(15,944)
|
| Cash flows from investing activities: |
|
|
| Purchases of property and equipment |
(2,667)
|
(2,136)
|
| Cash used in asset acquisitions |
(434)
|
(1,652)
|
| Cost incurred for intangible assets |
(447)
|
(647)
|
| Net cash used in investing activities |
(3,548)
|
(4,435)
|
| Cash flows from financing activities: |
|
|
| Repayments on finance leases |
(163)
|
(224)
|
| Proceeds from issuance of ordinary shares, net of issuance costs |
0
|
63,855
|
| Proceeds from stock option exercises |
4,096
|
566
|
| Tax payments related to shares withheld upon vesting of restricted stock |
(88)
|
(65)
|
| Net cash provided by financing activities |
3,845
|
64,132
|
| Effect of exchange rate changes on cash |
(374)
|
23
|
| Net (decrease)/increase in cash |
(19,900)
|
43,776
|
| Cash at beginning of period |
84,523
|
37,655
|
| Cash at end of period |
64,623
|
81,431
|
| Supplemental disclosures: |
|
|
| Cash paid for interest |
5,182
|
5,213
|
| Cash paid for income taxes |
429
|
2
|
| Supplemental disclosures of non-cash investing and financing activities: |
|
|
| Unpaid balance for property and equipment |
34
|
252
|
| Issuance of common stock, net of underwriters’ discount and issuance costs |
0
|
618
|
| Inventory acquired in an asset acquisition |
0
|
1,009
|
| Intangible assets acquired in an asset acquisition |
0
|
138
|
| Consideration payable related to asset acquisition |
412
|
818
|
| Cashless option exercises |
$ 1,640
|
$ 0
|