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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (19,925) $ (78,119)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 4,788 4,186
Credit losses on accounts receivable 311 102
Foreign currency losses 359 167
Unrealized losses on marketable securities (241)  
Amortization of (discount) premium on marketable securities (1,249)  
Operating lease right-of-use asset amortization 1,518 1,099
Stock-based compensation expense 12,438 11,779
Impairment   16,915
Deferred income taxes 242 (134)
Loss on disposal of fixed assets 46 6
Changes in assets and liabilities:    
Accounts receivable (5,615) 5,045
Inventory (2,966) 3,919
Prepaid expenses and other current assets (2,829) (262)
Other non-current assets (716) (859)
Accounts payable 948 (7,085)
Accrued compensation and benefits, accrued expenses, and other current liabilities 876 (3,021)
Deferred revenue 894 3,108
Operating lease liabilities (1,690) (1,156)
Other non-current liabilities (107) 128
Net cash used in operating activities (12,918) (44,182)
Cash flows from investing activities:    
Purchases of marketable securities (125,200)  
Purchases of property and equipment (1,572) (10,131)
Proceeds from RADx grant on assets purchased   520
Net cash used in investing activities (126,772) (9,611)
Cash flows from financing activities:    
Proceeds from common stock issued under stock plans 2,632 1,597
Payments for employee taxes withheld on stock-based compensation awards (142)  
Net cash provided by financing activities 2,490 1,597
Net decrease in cash, cash equivalents, and restricted cash (137,200) (52,196)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (229) (507)
Cash, cash equivalents, and restricted cash at beginning of period 341,337 399,042
Cash, cash equivalents, and restricted cash at end of period 203,908 346,339
Supplemental disclosure of cash flow information:    
Cash paid for taxes 719 263
Operating lease right-of-use assets obtained in exchange for lease liabilities   $ 22,239
Shares received as consideration under product sales agreement (Note 3, 6) $ 775