Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (7,134) $ (8,350)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 2,397 1,855
Amortization expense 2,331 2,519
Amortization of debt issuance costs 152 144
Lease incentives 657 1,025
Non-cash operating lease expense 3,185 2,833
Equity-based compensation 1,171 2,059
Changes in operating assets and liabilities:    
Accounts receivable, net 3,027 (5,289)
Inventory 19,314 1,572
Prepaid expenses and other current assets (24,870) 2,279
Accounts payable (2,194) (2,699)
Income taxes payable 205 (388)
Accrued liabilities 297 143
Sales returns reserve 651 2,042
Deferred revenue 230 941
Lease liabilities (3,247) (2,561)
Net cash used in operating activities (3,828) (1,875)
Cash flows from investing activities:    
Purchases of property and equipment (2,582) (3,436)
Net cash used in investing activities (2,582) (3,436)
Cash flows from financing activities:    
Proceeds from line of credit, net of issuance costs 0 21,500
Repayment of line of credit 0 (11,300)
Repayment of debt (1,594) (2,100)
Taxes paid related to net share settlement of equity awards (221) (248)
Repurchase of shares 0 (257)
Net cash (used in) provided by financing activities (1,815) 7,595
Effect of exchange rate changes on cash, cash equivalents and restricted cash 742 108
Net (decrease) increase in cash, cash equivalents and restricted cash (7,483) 2,392
Cash, cash equivalents and restricted cash at beginning of period 22,514 26,479
Cash, cash equivalents and restricted cash at end of period 15,031 28,871
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 12,862 26,679
Restricted cash, included in prepaid expenses and other current assets 106 472
Restricted cash, included in other assets 2,063 1,720
Total cash, cash equivalents and restricted cash $ 15,031 $ 28,871