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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (56,701) $ (8,664)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 498 422
Stock-based compensation 5,077 6,570
Amortization of premiums and accretion of discounts on marketable securities (1,302) (3,502)
Intangible asset amortization 3,503 3,770
Deferred income taxes (15,769) (1,480)
Other non-cash adjustments, net 2,887 1,160
Changes in operating assets and liabilities:    
Accounts receivable 2,181 (7,751)
Prepaid expenses and other assets (6,826) 483
Inventory (2,218) 292
Accounts payable and other liabilities 16,966 4,304
Product revenue allowances 3,305 5,037
Net cash provided by (used in) operating activities (48,399) 641
Cash flows from investing activities    
Asset acquisition 0 (4,229)
Purchases of property and equipment (735) (115)
Purchases of marketable securities (96,300) (188,636)
Sales and maturities of marketable securities 125,667 159,500
Net cash provided by (used in) investing activities 28,632 (33,480)
Cash flows from financing activities    
Principal payments on finance leases (834) 0
Tax obligations paid in connection with settlement of restricted stock units (915) 0
Net cash provided by (used in) financing activities (1,749) 0
Effect of exchange rate changes on cash, cash equivalents and restricted cash 183 (29)
Net change in cash, cash equivalents and restricted cash (21,333) (32,868)
Cash, cash equivalents and restricted cash    
Beginning of period 102,785 136,290
End of period $ 81,452 $ 103,422