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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net loss $ (14,867) $ (22,992)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 1,830 1,438
Provision for expected credit losses 862 342
Provision (benefit) for inventory obsolescence (363) 679
Change in fair value of common stock warrants 1,922 12,746
Amortization of discount on short-term investments (66) (94)
Stock-based compensation expense 15,865 9,834
Other 19 27
Changes in operating assets and liabilities:    
Accounts receivable, net (8,292) 1,821
Inventories, net (11,095) (3,690)
Prepaid and other current assets (2,231) (1,036)
Other long-term assets (383) (225)
Accounts payable 4,294 4,376
Accrued expenses (2,124) (553)
Employee-related liabilities (6,253) (6,982)
Deferred revenue 1,524 861
Other current liabilities 431 (2,120)
Other long-term liabilities (1,704) 1,444
Net cash used in operating activities (20,631) (4,124)
Investing Activities    
Purchases of short-term investments (9,727) (42,914)
Proceeds from maturities of short-term investments 30,859 43,700
Proceeds from sales of short-term investments 18,550 1,400
Purchases of property and equipment (6,766) (1,408)
Net cash provided by investing activities 32,916 778
Financing Activities    
Proceeds from exercise of common stock warrants 7 64
Proceeds from issuance of common stock under Company stock plans 11,474 1,898
Net cash provided by financing activities 11,481 1,962
Effect of foreign exchange rate changes on cash (456) 3
Net increase (decrease) in cash and cash equivalents 23,310 (1,381)
Cash and cash equivalents at beginning of period 51,175 41,826
Cash and cash equivalents at end of period 74,485 40,445
Supplemental disclosures of cash flow information    
Income taxes paid 91 0
Supplemental schedule of non-cash investing and financing activities    
Right-of-use assets obtained in exchange for operating lease obligations 8,805 3,053
Property and equipment included in accounts payable $ 1,880 $ 130