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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net loss $ (41,238) $ (39,500)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 7,626 7,667
Depreciation and amortization 3,536 1,543
Amortization of deferred financing costs 379 367
Amortization of premium on short-term investments, net 103 606
Non-cash operating lease cost 1,107 950
Allowance for inventory obsolescence and accounts receivable credit loss 2,171 610
Changes in operating assets and liabilities:    
Accounts receivable (3,489) 9,425
Inventory (5,564) (4,054)
Prepaid expenses and other assets (263) (3,050)
Accounts payable 3,209 3,924
Accrued liabilities (82) (3,372)
Accrued compensation and other employee benefits (4,917) (5,130)
Customer deposits (16) (16)
Deferred revenue and other liabilities 2,974 945
Operating lease liabilities (1,285) (1,168)
Net cash used in operating activities (35,749) (30,253)
Investing activities    
Purchases of property and equipment (4,982) (3,002)
Purchase of internal-use software assets (2,696) (2,167)
Payments to Acquire Intangible Assets 0 (750)
Proceeds from maturity of short-term investments 51,476 37,424
Purchases of short-term investments 0 (10,800)
Net cash provided by investing activities 43,798 20,705
Financing activities    
Tax withholdings related to net share settlements of restricted stock units (490) (1,504)
Proceeds from issuance of common stock for employee stock purchase plan 1,354 1,502
Proceeds from exercise of stock options 20 1,035
Repayment of finance lease obligations (70) (73)
Net cash provided by financing activities 814 960
Effect of exchange rate changes on cash, restricted cash and cash equivalents 22 (23)
Net increase (decrease) in cash, restricted and cash equivalents 8,885 (8,611)
Cash, restricted cash and cash equivalents    
Beginning of period 113,148 107,068
End of period 122,033 98,457
Supplemental disclosures    
Cash and cash equivalents 121,408 98,457
Restricted Cash and Cash Equivalents, Current $ 625 $ 0