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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net income (loss) $ (8,451) $ 33,344
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,521 3,909
Stock-based compensation 12,522 11,790
Restructuring equity modification expense   366
Accretion of discount or amortization of premium on investments (590) (67)
Amortization of debt issuance costs 414 407
Deferred tax expense (93) (278)
Revaluation of acquisition-related contingent consideration liability   907
Changes in operating assets and liabilities, net of amounts acquired:    
Accounts receivable (220) (4,503)
Inventory 896 9,400
Prepaid expenses and other assets 870 1,355
Accounts payable (6,623) 1,878
Accrued compensation and employee related benefits (13,401) (292)
Accrued and other liabilities 405 2,182
Operating lease right-of-use assets 653 614
Operating lease liabilities (887) (820)
Deferred revenue (159) (52)
Net cash provided by (used in) operating activities (11,143) 60,140
Investing activities:    
Purchases of investments (25,910)  
Proceeds from maturities of investments 49,000 11,248
Purchases of property and equipment (1,863) (6,202)
Net cash provided by investing activities 21,227 5,046
Financing activities:    
Proceeds from exercise of stock options and employee stock purchase plan 5,847 6,917
Payments of taxes on restricted stock units (787)  
Net cash provided by financing activities 5,060 6,917
Effect of exchange rate changes on cash and cash equivalents 120 (44)
Net increase in cash and cash equivalents 15,264 72,059
Cash and cash equivalents    
Beginning of period 46,053 94,793
End of period 61,317 166,852
Supplemental disclosure of cashflow information:    
Purchases of property and equipment not yet paid $ 940 299
Acquisition-related contingent consideration liability   $ 7,087