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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net loss $ (18,792) $ (13,885)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 729 413
Stock-based compensation 2,878 2,315
Non-cash interest expense 197 269
Changes in operating assets and liabilities:    
Accounts receivable (5,004) 1,926
Inventories (2,286) 1,224
Other assets 2,165 (1,475)
Accounts payable 2,597 (122)
Accrued liabilities and other non-current liabilities (4,809) (1,340)
Manufacturing and development obligations (118) 164
Deferred product revenue 265 186
Net cash used in operating activities (22,178) (10,325)
Investing activities    
Capital expenditures (3,315) (52)
Purchases of investments (1,000) (56,941)
Proceeds from maturities and sale of investments 17,500 12,250
Net cash provided by (used in) investing activities 13,185 (44,743)
Financing activities    
Net proceeds from equity incentives 710 1,295
Net proceeds from public offering   57,564
Proceeds from loans, net of discount 39,433  
Repayment of debt (31,010) (32)
Net cash provided by financing activities 9,133 58,827
Net increase in cash, cash equivalents and restricted cash 140 3,759
Cash, cash equivalents and restricted cash, beginning of period 31,587 13,930
Cash, cash equivalents and restricted cash, end of period $ 31,727 $ 17,689