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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (44,324) $ (74,398)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 6,473 18,023
Depreciation and amortization 2,449 2,931
Non-cash lease expense 772 700
Non-cash interest expense 1,335 1,241
Amortization of premium on investments, net (1,028) (2,928)
Provision for inventories (160) 706
Loss on disposal of property and equipment 2 23
Provision for credit losses 1,622 1,813
Loss on extinguishment of term loan 7,685 0
Changes in operating assets and liabilities:    
Accounts receivable (893) (2,953)
Inventories 7,297 (13,214)
Prepaid expenses and other assets 468 1,196
Accounts payable (2,502) (544)
Accrued compensation and related benefits (7,032) (7,279)
Accrued expenses and other current liabilities 610 (3,695)
Accrued warranty liability (698) (1,513)
Deferred revenue 999 1,410
Operating lease liabilities (866) (766)
Accrued interest (2,695) 0
Net cash used in operating activities (30,486) (79,247)
Cash flows from investing activities:    
Purchases of property and equipment (415) (474)
Purchases of investment securities (153,653) (128,445)
Sales and maturities of investment securities 44,827 108,829
Net cash used in investing activities (109,241) (20,090)
Cash flows from financing activities:    
Proceeds from stock option exercises and ESPP purchases 408 2,163
Proceeds from issuance of term loans, net of issuance costs 98,270 66,524
Repayment of term loan and extinguishment costs (204,954) 0
Proceeds from issuance of Series A convertible preferred stock, net of issuance costs 161,548 0
Net cash provided by financing activities 55,272 68,687
Net decrease in cash, cash equivalents and restricted cash (84,455) (30,650)
Cash, cash equivalents and restricted cash as of beginning of period 127,343 71,838
Cash, cash equivalents and restricted cash as of end of period 42,888 41,188
Summary of cash, cash equivalents and restricted cash reported within the balance sheets:    
Cash and cash equivalents 39,559 37,859
Restricted cash 3,329 3,329
Total cash, cash equivalents and restricted cash 42,888 41,188
Supplemental cash flow disclosures:    
Cash paid for income taxes 212 356
Cash paid for interest 10,140 10,102
Cash paid for amounts included in the measurement of operating lease liabilities 866 766
Supplemental non-cash investing and financing activities:    
Capital expenditures included in accounts payable and accrued expenses 101 115
Transfer of inventories to property and equipment 0 148
Fair value of common stock warrant $ 4,367 $ 0