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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net loss $ (9,690) $ (15,641)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 631 635
Stock-based compensation 5,855 5,669
Non-cash operating lease cost 595 471
Net loss on sale of available-for-sale securities 2 3
Unrealized gain on investments (116) (53)
Loss on disposal of fixed assets 3  
Non-cash interest expense 106 118
Foreign currency remeasurement gain (177) (767)
Changes in operating assets and liabilities:    
Accounts receivable 12,838 9,157
Inventories 1,594 (5,996)
Prepaid and other assets (119) (1,435)
Accounts payable (6,138) 4,831
Accrued liabilities and other non-current liabilities (3,590) (6,596)
Deferred revenue 165 1,104
Net cash provided by (used in) operating activities 1,959 (8,500)
Investing activities    
Capital expenditures (1,099) (1,524)
Purchases of investments (119) (562)
Proceeds from maturities and sale of investments 2,664 440
Net cash provided by (used in) investing activities 1,446 (1,646)
Financing activities    
Net proceeds from equity incentives 441 492
Net costs from public offerings   (72)
Net proceeds on revolving line of credit 120 3,091
Proceeds from loans, net of issuance costs 5,000 (1,450)
Net cash provided by financing activities 5,561 2,061
Effect of exchange rates on cash, cash equivalents, and restricted cash (90) 116
Net increase (decrease) in cash, cash equivalents, and restricted cash 8,876 (7,969)
Cash, cash equivalents and restricted cash, beginning of period 13,359 37,358
Cash, cash equivalents and restricted cash, end of period $ 22,235 $ 29,389