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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities      
Net loss $ (22,778) $ (28,048) $ (162,800)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation 2,109 3,386  
Depreciation and amortization 1,991 1,409  
Amortization of contract acquisition costs 1,391 2,178  
Amortization of debt issuance costs 571 552  
Unrealized gain on foreign exchange forward 0 (623)  
Accretion of discount on investment securities and investment income, net 0 (34)  
Deferred tax assets 45 13  
Provision for credit losses 2,181 225  
Changes in assets and liabilities:      
Accounts receivable 3,921 (6,410)  
Inventories (11,461) (6,163)  
Other current assets and prepaid expenses 560 (2,053)  
Other long-term assets (240) (2,011)  
Accounts payable (6,513) (1,330)  
Accrued liabilities (7,916) 1,706  
Operating leases, net (30) (16)  
Deferred revenue (1,461) 201  
Net cash used in operating activities (37,630) (37,018)  
Cash flows from investing activities      
Acquisition of property and equipment (335) (10,353)  
Proceeds from Sale of Property, Plant, and Equipment 57 0  
Proceeds from maturities of marketable investments 0 94,154  
Purchase of marketable investments 0 (23,467)  
Net cash provided by (used in) investing activities (278) 60,334  
Cash flows from financing activities      
Proceeds from exercise of stock options and employee stock purchase plan 0 109  
Taxes paid related to net share settlement of equity awards (64) (2,397)  
Payments on finance lease obligations (196) (124)  
Net cash used in financing activities (260) (2,412)  
Net increase (decrease) in cash, cash equivalents and restricted cash (38,168) 20,904  
Cash, cash equivalents, and restricted cash at beginning of period 143,612 146,624 146,624
Cash, cash equivalents, and restricted cash at end of period 105,444 167,528 $ 143,612
Supplemental non-cash operating, investing, and financing activities:      
Assets acquired under finance lease 0 33  
Assets acquired under operating lease 2,749 57  
Acquisition of property and equipment 0 6,894  
Supplemental disclosure of cash flow information:      
Cash paid for interest 817 778  
Cash paid for income taxes $ 804 $ 483