XML 37 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net loss $ (57,688) $ (31,530) $ (40,796)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization expense 4,851 4,312 3,009
Inventory step-up amortization 275 722 611
Credit loss expense on accounts receivable 213 493 160
Reduction in the carrying amounts of right-of-use assets 499 245  
Stock-based compensation expense 15,975 10,099 6,388
Non-cash interest expense 65 86 89
Loss on disposal of fixed assets 89 171 140
Changes in operating assets and liabilities:      
Accounts receivable (6,853) (6,733) (3,525)
Prepaid expenses and other assets (393) (3,927) 289
Inventory (8,090) (5,119) (3,447)
Other non-current assets (2) 198 (21)
Accounts payable 2,414 649 621
Accrued compensation and benefits, other accrued expenses and other current liabilities 1,061 6,219 822
Contract acquisition costs (192) 87 336
Operating lease liabilities (1,230) 316  
Other non-current liabilities (363) (488) 9,845
Deferred revenue 1,462 835 (708)
Net cash used in operating activities (47,907) (23,365) (26,187)
Investing activities      
Purchases of property and equipment (13,616) (3,930) (10,847)
Acquisitions, net of cash acquired     (14,529)
Proceeds from RADx grant on assets purchased 7,278 3,304  
Net cash used in investing activities (6,338) (626) (25,376)
Financing activities      
Proceeds from stock options exercised 7,750 4,019 2,820
Proceeds from ESPP purchase 1,065 888 879
Payments on notes payable (7,738) (75) (50)
Net cash provided by financing activities 270,795 96,236 116,197
Net increase in cash and cash equivalents 216,550 72,245 64,634
Effect of foreign currency exchange rate on cash (92) 158 118
Cash, restricted cash, and cash equivalents at beginning of period 182,584 110,181 45,429
Cash, restricted cash, and cash equivalents at end of period 399,042 182,584 110,181
Supplemental cash flow information      
Cash paid for interest 389 625 656
Purchases of property and equipment included in accounts payable and other accrued expenses 229 1,029 164
Purchase of property and equipment included in other non-current liabilities     7,572
Common stock issued in connection with the acquisition of UmanDiagnostics AB     5,468
At-the-market offering.      
Financing activities      
Sale of common stock     48,019
Underwritten public offering      
Financing activities      
Sale of common stock $ 269,718 $ 91,404 $ 64,529