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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net Income (Loss) $ 43,528 $ (28,186)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 10,155 9,733
Stock-based compensation 41,336 35,679
Restructuring equity modification expense 366  
Accretion of discount or amortization of premium on investments (247) (1,600)
Amortization of debt issuance costs 1,226 1,206
Deferred tax expense (471) (662)
Revaluation of acquisition-related contingent consideration liability 986  
Changes in operating assets and liabilities, net of amounts acquired:    
Accounts receivable (9,438) 2,683
Inventory 8,825 (59,239)
Prepaid expenses and other assets (610) 1,407
Accounts payable 12,056 (10,054)
Accrued compensation and employee related benefits 9,515 (1,904)
Accrued and other liabilities 1,268 1,677
Acquisition-related contingent consideration liability (2,556)  
Operating lease right-of-use assets 1,921 1,990
Operating lease liabilities (2,542) (2,501)
Deferred revenue 369 (1,038)
Net cash provided by (used in) operating activities 115,687 (50,809)
Investing activities:    
Purchases of investments (154,331)  
Proceeds from sales of investments   13,372
Proceeds from maturities of investments 18,605 127,449
Proceeds from sale of property and equipment   234
Purchases of intangible assets   (250)
Purchases of property and equipment (12,979) (15,968)
Business acquisitions, net of cash acquired   (23,357)
Net cash provided by (used in) investing activities (148,705) 101,480
Financing activities:    
Proceeds from exercise of stock options and employee stock purchase plan 16,499 7,890
Payment of acquisition-related contingent consideration (4,602)  
Net cash provided by financing activities 11,897 7,890
Effect of exchange rate changes on cash and cash equivalents 32 (58)
Net increase (decrease) in cash and cash equivalents (21,089) 58,503
Cash and cash equivalents    
Beginning of period 94,793 19,597
End of period 73,704 78,100
Supplemental disclosure of cashflow information:    
Cash paid for interest 1,617 1,617
Purchases of property and equipment not yet paid $ 1,196 1,539
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