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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (39,500) $ (27,712)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 7,667 7,416
Depreciation and amortization 1,543 1,441
Amortization of deferred financing costs 367 355
Amortization of premium and accretion of discount on short-term investments, net 606 31
Non-cash operating lease cost 950 838
Allowance for inventory obsolescence and accounts receivable credit loss 610 951
Changes in operating assets and liabilities:    
Accounts receivable 9,425 (2,462)
Inventory (4,054) (2,159)
Prepaid expenses and other assets (3,050) (3,559)
Accounts payable 3,924 943
Accrued liabilities (3,372) (1,060)
Accrued compensation and other employee benefits (5,130) (3,774)
Customer deposits (16) (299)
Deferred revenue and other liabilities 945 1,244
Operating lease liabilities (1,168) (1,050)
Net cash used in operating activities (30,253) (28,856)
Investing activities    
Purchases of property and equipment (3,002) (2,672)
Purchase of internal-use software assets (2,167) 0
Payments to Acquire Intangible Assets (750) 0
Proceeds from maturity of short-term investments 37,424 15,362
Purchases of short-term investments (10,800) 0
Net cash provided by investing activities 20,705 12,690
Financing activities    
Tax withholdings related to net share settlements of restricted stock units (1,504) (2,585)
Proceeds from issuance of common stock for employee stock purchase plan 1,502 1,192
Proceeds from exercise of stock options 1,035 2,249
Repayment of finance lease obligations (73) 0
Net cash provided by financing activities 960 856
Effect of exchange rate changes on cash and cash equivalents (23) (36)
Net decrease in cash and cash equivalents (8,611) (15,346)
Cash and cash equivalents    
Beginning of period 107,068 411,848
End of period $ 98,457 $ 396,502