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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net loss $ (4,358) $ (10,461)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 1,793 1,508
Stock-based compensation 10,224 11,314
Accretion of discount or amortization of premium on investments (766) 301
Amortization of debt issuance costs 400 403
Changes in operating assets and liabilities:    
Accounts receivable (10,970) (3,084)
Inventory (39,412) (9,603)
Prepaid expenses and other assets 1,389 (2,142)
Accounts payable 14,650 (2,768)
Accrued compensation and employee related benefits (2,006) (1,775)
Accrued and other liabilities 4,472 1,242
Operating lease right-of-use assets 695 804
Operating lease liabilities (891) (1,008)
Deferred revenue (1,780) 433
Net cash used in operating activities (26,560) (14,836)
Investing activities:    
Purchases of investments   (67,085)
Proceeds from sales of investments 13,372  
Proceeds from maturities of investments 34,136 20,000
Purchases of property and equipment (7,582) (3,050)
Net cash provided by (used in) investing activities 39,926 (50,135)
Financing activities:    
Proceeds from exercise of stock options and employee stock purchase plan 4,520 4,611
Net cash provided by financing activities 4,520 4,611
Net increase (decrease) in cash and cash equivalents 17,886 (60,360)
Cash and cash equivalents    
Beginning of period 19,597 123,903
End of period 37,483 63,543
Supplemental disclosure of cashflow information:    
Purchases of property and equipment not yet paid $ 3,284 $ 508