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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net Income (Loss) $ (28,186) $ (24,183)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 9,733 4,456
Stock-based compensation 35,679 32,230
Accretion of discount or amortization of premium on investments (1,600) 301
Amortization of debt issuance costs 1,206 1,203
Induced conversion expense related to convertible notes   2,232
Deferred tax expense (662)  
Changes in operating assets and liabilities, net of amounts acquired:    
Accounts receivable 2,683 (5,218)
Inventory (59,239) (9,967)
Prepaid expenses and other assets 1,407 45
Accounts payable (10,054) 1,107
Accrued compensation and employee related benefits (1,904) 1,571
Accrued and other liabilities 1,677 1,252
Operating lease right-of-use assets 1,990 2,490
Operating lease liabilities (2,501) (3,064)
Deferred revenue (1,038) 2,358
Net cash provided by (used in) operating activities (50,809) 6,813
Investing activities:    
Purchases of investments   (159,837)
Proceeds from sales of investments 13,372  
Proceeds from maturities of investments 127,449 79,508
Proceeds from sale of property and equipment 234  
Purchases of intangible assets (250)  
Purchases of property and equipment (15,968) (5,975)
Business acquisitions, net of cash acquired (23,357)  
Net cash provided by (used in) investing activities 101,480 (86,304)
Financing activities:    
Proceeds from exercise of stock options and employee stock purchase plan 7,890 12,462
Net cash provided by (used in) financing activities 7,890 (5,102)
Effect of exchange rate changes on cash and cash equivalents (58)  
Net increase (decrease) in cash and cash equivalents 58,503 (84,593)
Cash and cash equivalents    
Beginning of period 19,597 123,903
End of period 78,100 39,310
Supplemental disclosure of cashflow information:    
Cash paid for interest 1,617 1,803
Purchases of property and equipment not yet paid 1,539 2,519
Operating lease liabilities arising from obtaining ROU assets 979  
Lease liabilities arising from remeasurement of ROU assets 159  
26,396 shares of common stock issued for Voyantic Oy acquisition 3,579  
Acquisition-related contingent consideration liability $ 4,602  
2019 Notes    
Financing activities:    
Payment of 2019 Notes   $ (17,564)