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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net Income (Loss) $ 33,344 $ (4,358)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3,909 1,793
Stock-based compensation 11,790 10,224
Restructuring equity modification expense 366  
Accretion of discount or amortization of premium on investments (67) (766)
Amortization of debt issuance costs 407 400
Deferred tax expense (278)  
Revaluation of acquisition-related contingent consideration liability 907  
Changes in operating assets and liabilities, net of amounts acquired:    
Accounts receivable (4,503) (10,970)
Inventory 9,400 (39,412)
Prepaid expenses and other assets 1,355 1,389
Accounts payable 1,878 14,650
Accrued compensation and employee related benefits (292) (2,006)
Accrued and other liabilities 2,182 4,472
Operating lease right-of-use assets 614 695
Operating lease liabilities (820) (891)
Deferred revenue (52) (1,780)
Net cash provided by (used in) operating activities 60,140 (26,560)
Investing activities:    
Proceeds from sales of investments   13,372
Proceeds from maturities of investments 11,248 34,136
Purchases of property and equipment (6,202) (7,582)
Net cash provided by investing activities 5,046 39,926
Financing activities:    
Proceeds from exercise of stock options and employee stock purchase plan 6,917 4,520
Net cash provided by financing activities 6,917 4,520
Effect of exchange rate changes on cash and cash equivalents (44)  
Net increase in cash and cash equivalents 72,059 17,886
Cash and cash equivalents    
Beginning of period 94,793 19,597
End of period 166,852 37,483
Supplemental disclosure of cashflow information:    
Purchases of property and equipment not yet paid 299 $ 3,284
Acquisition-related contingent consideration liability $ 7,087