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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities              
Net loss $ (8,939) $ (10,904) $ (11,206) $ (11,125) $ (19,843) $ (22,331)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Stock-based compensation         13,428 12,192  
Depreciation and amortization         2,081 2,322  
Accounts receivable credit losses         240 103 $ 761
Amortization of discount and premium on marketable securities         (3,019) (1,249)  
Inventory reserve         366 159  
Amortization of debt issuance costs         85 123  
Loss on disposal of property and equipment         819 340  
Changes in operating assets and liabilities:              
Accounts receivable         (3,022) 88  
Inventory         (3,314) (3,452)  
Prepaid expenses and other assets         399 262  
Accounts payable         1,828 (7)  
Accrued liabilities and other         (3,953) (2,893)  
Net cash used in operating activities         (13,905) (14,343)  
Cash flows from investing activities              
Maturities of marketable securities         119,000 69,000  
Purchases of marketable securities         (109,288) (49,723)  
Purchases of property and equipment         (5,195) (5,293)  
Net cash provided by investing activities         4,517 13,984  
Cash flows from financing activities              
Proceeds from public offering, net of discounts, commissions and offering costs         0 84,137  
Proceeds from debt financing         0 36,000  
Repayments of debt financing         0 (35,275)  
Payments of debt issuance costs         0 (40)  
Proceeds from issuance of common stock under employee stock purchase plan         1,472 1,471  
Proceeds from the exercise of stock options         409 4,035  
Net cash provided by financing activities         1,881 90,328  
Effect of exchange rate changes on cash and cash equivalents         (187) 129  
Net increase (decrease) in cash and cash equivalents         (7,694) 90,098  
Cash and cash equivalents at              
Beginning of period   $ 33,271   $ 20,717 33,271 20,717 20,717
End of period $ 25,577   $ 110,815   25,577 110,815 $ 33,271
Supplemental disclosure of non-cash information              
Unpaid purchases of property and equipment         1,293 510  
Public offering costs included in accounts payable         $ 0 $ 465