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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (127,976) $ (172,797) $ (162,956)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 29,356 38,634 27,203
Depreciation and amortization 5,728 5,810 5,169
Non-cash lease expense 1,435 1,271 1,114
Non-cash interest expense 2,574 1,828 381
Accretion (amortization) of discount (premium) on investments, net (4,720) (6,369) 449
Provision for inventories 561 733 2,610
Loss on disposal of property and equipment 53 106 39
Allowance for credit losses 2,374 184 37
Loss on extinguishment of term loan 0 0 1,367
Changes in operating assets and liabilities:      
Accounts receivable (5,012) (5,094) (2,506)
Inventories (10,857) 1,647 (14,730)
Prepaid expenses and other assets 784 739 (1,215)
Accounts payable (1,948) 5,312 (1,281)
Accrued payroll and related benefits (1,889) (2,515) (3,428)
Accrued expenses and other current liabilities (5,168) (2,621) 1,811
Accrued warranty liability (1,774) 91 (83)
Deferred revenue 1,769 3,015 2,161
Operating lease liabilities (1,593) (1,347) (1,150)
Accrued interest 0 0 (721)
Net cash used in operating activities (116,303) (131,373) (145,729)
Cash flows from investing activities:      
Purchases of property and equipment (912) (3,440) (8,325)
Purchases of investment securities (156,584) (172,284) (261,154)
Sales and maturities of investment securities 261,434 258,750 203,184
Net cash (used in) provided by investing activities 103,938 83,026 (66,295)
Cash flows from financing activities:      
Proceeds from stock option exercises and ESPP purchases 2,284 10,427 8,042
Proceeds from issuance of term loan, net of issuance costs 66,524 33,225 96,059
Repayment of term loan and extinguishment costs 0 0 (31,203)
Payment of deferred financing costs (938) 0 0
Net cash provided by financing activities 67,870 43,652 72,898
Net increase (decrease) in cash, cash equivalents and restricted cash 55,505 (4,695) (139,126)
Cash, cash equivalents and restricted cash as of beginning of period 71,838 76,533 215,659
Cash, cash equivalents and restricted cash as of end of period 127,343 71,838 76,533
Summary of cash, cash equivalents and restricted cash reported within the balance sheets:      
Cash and cash equivalents 124,014 68,509 73,222
Restricted cash 3,329 3,329 3,311
Total cash, cash equivalents and restricted cash 127,343 71,838 76,533
Supplemental cash flow disclosures:      
Cash paid for income taxes 593 491 385
Cash paid for interest 20,685 10,847 3,185
Cash paid for amounts included in the measurement of operating lease liabilities 1,593 1,347 1,150
Supplemental non-cash investing and financing activities:      
Capital expenditures included in accounts payable and accrued expenses 31 159 167
Right-of-use assets obtained in exchange for lease liabilities 0 528 0
Transfer of inventories to property and equipment 148 119 28
Deferred offering costs included in accrued expenses 266 0 750
Transfer of property and equipment to inventories $ 24 $ 0 $ 199