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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net loss $ (18,399) $ (36,258)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,523 1,952
Stock-based compensation 17,363 15,368
Non-cash operating lease cost 1,929 1,563
Net loss on sale of available-for-sale securities 4 50
Unrealized gain on investments (218) (1)
Loss on disposal of fixed assets 3  
Impairment charges for facilities consolidation   1,698
Non-cash interest expense 297 290
Foreign currency remeasurement gain (141) (1,396)
Changes in operating assets and liabilities:    
Accounts receivable 11,128 9,687
Inventories 8,020 (19,519)
Prepaid and other assets (2,188) (1,509)
Accounts payable (7,825) 8,089
Accrued liabilities and other non-current liabilities (4,886) (8,346)
Deferred revenue (180) 347
Net cash provided by (used in) operating activities 6,430 (27,985)
Investing activities    
Capital expenditures (1,861) (4,603)
Purchases of investments (18,741) (2,404)
Proceeds from maturities and sale of investments 19,758 7,415
Net cash (used in) provided by investing activities (844) 408
Financing activities    
Net proceeds from equity incentives 804 925
Net costs from public offerings (107) (137)
Net (payment on) proceeds from revolving line of credit (1,479) 3,870
Proceeds from loans 5,000 5,000
Debt issuance costs   (168)
Net cash provided by financing activities 4,218 9,490
Effect of exchange rates on cash, cash equivalents, and restricted cash 46 (112)
Net increase (decrease) in cash, cash equivalents, and restricted cash 9,850 (18,199)
Cash, cash equivalents, and restricted cash, beginning of period 13,359 37,358
Cash, cash equivalents, and restricted cash, end of period $ 23,209 $ 19,159