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
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net loss $ (15,022) $ (16,935)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation expense 7,554 6,139
Amortization expense 7,014 7,128
Amortization of debt issuance costs 451 425
Lease incentives 2,063 3,309
Loss on disposal of businesses 0 600
Non-cash operating lease expense 10,830 9,356
Equity-based compensation 3,463 5,797
Changes in operating assets and liabilities:    
Accounts receivable, net 1,289 107
Inventory (8,138) 1,297
Prepaid expenses and other current assets (2,460) 1,071
Accounts payable 19,150 7,421
Income taxes payable 52 (1,656)
Accrued liabilities (989) (1,036)
Sales returns reserve (340) (566)
Deferred revenue 638 434
Lease liabilities (9,353) (8,143)
Net cash provided by operating activities 16,202 14,748
Cash flows from investing activities:    
Purchases of property and equipment (11,819) (12,340)
Net cash used in investing activities (11,819) (12,340)
Cash flows from financing activities:    
Proceeds from line of credit, net of issuance costs 3,500 29,800
Repayment of line of credit (8,200) (26,300)
Repayment of debt (4,781) (4,200)
Taxes paid related to net share settlement of equity awards (800) (763)
Proceeds from issuances under equity-based compensation plans 101 126
Repurchase of shares 0 (1,975)
Net cash used in financing activities (10,180) (3,312)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,267 754
Net (decrease) increase in cash, cash equivalents and restricted cash (4,530) (150)
Cash, cash equivalents and restricted cash at beginning of period 22,514 26,479
Cash, cash equivalents and restricted cash at end of period 17,984 26,329
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 15,554 23,426
Restricted cash, included in prepaid expenses and other current assets 0 717
Restricted cash, included in other assets 2,430 2,186
Total cash, cash equivalents and restricted cash $ 17,984 $ 26,329