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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (10,461) $ (9,416)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 1,508 1,040
Stock-based compensation 11,314 7,449
Accretion of discount or amortization of premium on investments 301 218
Amortization of debt issuance costs 403 94
Changes in operating assets and liabilities:    
Accounts receivable (3,084) 1,498
Inventory (9,603) 8,262
Prepaid expenses and other assets (2,142) 880
Accounts payable (2,768) (2,137)
Accrued compensation and employee related benefits (1,775) 345
Accrued and other liabilities 1,279 722
Operating lease right-of-use assets 804 723
Operating lease liabilities (1,008) (911)
Restructuring liabilities (37) 1,235
Deferred revenue 433 (633)
Net cash provided by (used in) operating activities (14,836) 9,369
Investing activities:    
Purchases of investments (67,085) (12,333)
Proceeds from maturities of investments 20,000 25,000
Purchases of property and equipment (3,050) (4,398)
Net cash provided by (used in) investing activities (50,135) 8,269
Financing activities:    
Principal payments on finance lease obligations   (2)
Proceeds from exercise of stock options and employee stock purchase plan 4,611 8,524
Net cash provided by financing activities 4,611 8,522
Net increase (decrease) in cash and cash equivalents (60,360) 26,160
Cash and cash equivalents    
Beginning of period 123,903 23,636
End of period 63,543 49,796
Supplemental disclosure of cashflow information:    
Purchases of property and equipment not yet paid $ 508 $ 1,984