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Condensed Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (80,731) $ (60,233)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 12,420 9,789
Depreciation and amortization 2,586 2,553
Non-cash lease expense 544 501
Non-cash interest expense 282 282
Accretion of discount on investments, net 1,035 435
Provision for inventories 808 325
Other non-cash items 29 5
Changes in operating assets and liabilities:    
Accounts receivable 964 (9,946)
Inventories (15,311) (12,116)
Prepaid expenses and other assets 70 570
Accounts payable 684 (2,509)
Accrued payroll and related benefits (9,153) (1,538)
Accrued expenses and other current liabilities 8,366 1,508
Accrued warranty liability (260) 160
Deferred revenue 1,305 1,117
Operating lease liabilities (548) (360)
Net cash used in operating activities (76,910) (69,457)
Cash flows from investing activities:    
Purchases of property and equipment (3,475) (1,766)
Purchases of investment securities (133,015) (122,401)
Sales and maturities of investment securities 101,784 19,900
Net cash used in investing activities (34,706) (104,267)
Cash flows from financing activities:    
Proceeds from stock option exercises and employee stock purchase plan purchases 4,765 3,941
Proceeds from issuance of common stock upon follow-on public offering, net of issuance costs 0 149,085
Net cash provided by financing activities 4,765 153,026
Net decrease in cash, cash equivalents and restricted cash (106,851) (20,698)
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 108,808 307,585
Supplemental cash flow disclosures:    
Cash paid for income taxes 283 42
Cash paid for interest 621 149
Cash paid for amounts included in the measurement of operating lease liabilities 548 360
Supplemental non-cash investing and financing activities:    
Capital expenditures included in accounts payable and accrued expenses 1,613 92
Transfer of inventories to property and equipment $ 0 $ 1,294