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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net loss $ (84,906) $ (78,739)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 16,062 14,125
Depreciation and amortization 7,442 3,504
Amortization of deferred financing costs 757 732
Amortization of premium on short-term investments, net 102 1,200
Non-cash operating lease cost 2,207 1,954
Allowance for inventory obsolescence and accounts receivable credit loss 4,912 1,708
Changes in operating assets and liabilities:    
Accounts receivable (11,496) 7,920
Inventory (11,036) (11,531)
Prepaid expenses and other assets 3,495 (1,827)
Accounts payable 4,884 2,063
Accrued liabilities 3,164 682
Accrued compensation and other employee benefits (4,414) (3,453)
Customer deposits 322 310
Deferred revenue and other liabilities 3,907 1,026
Operating lease liabilities (2,599) (2,397)
Net cash used in operating activities (67,197) (62,723)
Investing activities    
Purchases of property and equipment (9,665) (7,635)
Purchase of internal-use software assets (3,705) (4,118)
Payments to Acquire Intangible Assets 0 (750)
Proceeds from Sale of Short-Term Investments 0 4,000
Proceeds from maturity of short-term investments 81,476 134,974
Purchases of short-term investments 0 (45,800)
Net cash provided by investing activities 68,106 80,671
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 112 1,300
Repayment of finance lease obligations (126) (183)
Net cash provided by financing activities 850 1,115
Effect of exchange rate changes on cash, restricted cash and cash equivalents 23 (104)
Net increase in cash, restricted and cash equivalents 1,782 18,959
Cash, restricted cash and cash equivalents    
Beginning of period 113,148 107,068
End of period 114,930 126,027
Supplemental disclosures    
Cash and cash equivalents 114,305 $ 126,027
Restricted Cash and Cash Equivalents, Current $ 625