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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net loss $ (13,885) $ (18,598)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 413 469
Stock-based compensation 2,315 2,147
Non-cash interest expense 269 195
Deferred income taxes 1 7
Gain on sale of investment in marketable equity securities   (18)
Changes in operating assets and liabilities:    
Accounts receivable 1,926 1,285
Inventories 1,224 (388)
Other assets (1,475) (310)
Accounts payable (122) 198
Accrued liabilities and other non-current liabilities (1,341) (1,724)
Manufacturing and development obligations 164 76
Deferred product revenue 186 313
Net cash used in operating activities (10,325) (16,348)
Investing activities    
Capital expenditures (52) (185)
Purchases of investments (56,941) (10,158)
Proceeds from maturities and sale of investments 12,250 16,018
Net cash (used in) provided by investing activities (44,743) 5,675
Financing activities    
Net proceeds from equity incentives 1,295 422
Net proceeds from (payments for) public offering 57,564 (30)
Repayment of debt (32) (1,271)
Net cash provided by (used in) financing activities 58,827 (879)
Net increase (decrease) in cash, cash equivalents and restricted cash 3,759 (11,552)
Cash, cash equivalents and restricted cash, beginning of period 13,930 22,744
Cash, cash equivalents and restricted cash, end of period $ 17,689 $ 11,192