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Condensed Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (36,892) $ (30,025)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 5,006 5,852
Depreciation and amortization 1,262 1,246
Non-cash lease expense 269 249
Non-cash interest expense 140 140
Accretion of discount on investments, net (667) (60)
Other non-cash items 3 5
Provision for inventories 496 115
Changes in operating assets and liabilities:    
Accounts receivable (1,299) (5,646)
Inventories (4,184) (7,247)
Prepaid expenses and other assets 137 (981)
Accounts payable 3,276 1,613
Accrued payroll and related benefits (11,470) (4,244)
Accrued expenses and other current liabilities 4,226 164
Accrued warranty liability (76) (53)
Deferred revenue 375 305
Operating lease liabilities (271) (169)
Net cash used in operating activities (38,335) (38,616)
Cash flows from investing activities:    
Purchases of property and equipment (1,478) (919)
Purchases of investment securities (64,712) (25,788)
Sales and maturities of investment securities 32,800 19,900
Net cash used in investing activities (33,390) (6,807)
Cash flows from financing activities:    
Proceeds from stock option exercises and employee stock purchase plan purchases 3,723 2,218
Net cash provided by financing activities 3,723 2,218
Net decrease in cash, cash equivalents and restricted cash (68,002) (43,205)
Cash, cash equivalents and restricted cash as of beginning of period 215,659 328,283
Cash, cash equivalents and restricted cash as of end of period 147,657 285,078
Supplemental cash flow disclosures:    
Cash paid for income taxes 205
Cash paid for interest 282 282
Cash paid for amounts included in the measurement of operating lease liabilities 271 169
Supplemental non-cash investing and financing activities:    
Capital expenditures included in accounts payable and accrued expenses 907 238
Transfer of inventories to property and equipment $ 962