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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net loss $ (29,200) $ (45,255)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,335 2,336
Stock-based compensation 17,201 17,033
Non-cash operating lease cost 1,028 1,061
Changes in valuation of warrant investment 245 (485)
Net loss (gain) on sale of available-for-sale securities 102 (28)
Unrealized gain on investments (484) (242)
Impairment of long-lived assets 542  
Non-cash interest expense 1,440 780
Foreign currency remeasurement loss 540 386
Changes in operating assets and liabilities:    
Accounts receivable (3,168) (1,688)
Inventories (2,519) (12,130)
Prepaid and other assets 1,509 2,009
Accounts payable (5,370) 2,497
Accrued liabilities and other non-current liabilities (8,141) 859
Deferred product revenue 81 167
Net cash used in operating activities (23,859) (32,700)
Investing activities    
Capital expenditures (765) (446)
Purchases of investments (22,657) (2,132)
Proceeds from maturities and sale of investments 24,503 55,556
Net cash provided by investing activities 1,081 52,978
Financing activities    
Net proceeds from equity incentives 3,594 5,085
Offering costs from public offerings (42) (359)
Net proceeds on revolving line of credit 183 1,470
Proceeds from loans   15,000
Contribution from noncontrolling interest   1,000
Net cash provided by financing activities 3,735 22,196
Effect of exchange rates on cash, cash equivalents, and restricted cash (1,128) (639)
Net (decrease) increase in cash, cash equivalents and restricted cash (20,171) 41,835
Cash, cash equivalents and restricted cash, beginning of period 51,044 38,903
Cash, cash equivalents and restricted cash, end of period $ 30,873 $ 80,738