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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (45,418) $ (49,496)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 8,985 8,843
Amortization of premiums and discounts on short-term investments, net (1,118) (2,650)
Non-cash interest expense 38 58
Non-cash lease expense 345 346
Depreciation expense 146 125
Changes in operating assets and liabilities:    
Accounts receivable (1,052) (3,855)
Inventory 958 (1,040)
Prepaid expenses and other current assets 2,606 2,574
Other non-current assets 367 398
Operating lease liabilities (383) (375)
Accounts payable, accrued liabilities, and other current liabilities (10,365) (4,947)
Other liabilities 394 0
Net cash used in operating activities (44,497) (50,019)
Cash flows from investing activities:    
Purchases of property and equipment (1,468) (3,156)
Purchase of short-term investments (36,483) (50,542)
Maturity of short-term investments 50,020 133,255
Net cash provided by investing activities 12,069 79,557
Cash flows from financing activities:    
Issuance of common stock upon exercise of stock options 0 78
Proceeds from issuance of common stock under employee stock purchase plan 94 294
Deferred offering costs paid for financing (17) (126)
Net cash provided by financing activities 77 246
Net (decrease) increase in cash, cash equivalents and restricted cash (32,351) 29,784
Cash, cash equivalents and restricted cash, beginning of year 62,952 39,083
Cash, cash equivalents and restricted cash, end of period 30,601 68,867
Supplemental disclosure of cash flow information:    
Interest paid during the period 173 173
Supplemental disclosure of non-cash activities:    
Deferred transaction costs included in accounts payable and accrued liabilities 0 9
Accrued property and equipment $ 428 $ 122