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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net (loss) income $ (13,316) $ 11,537
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation 2,260 1,288
Amortization of deferred financing costs 72 76
Amortization of right-of-use assets 1,225 357
Share based compensation expense 13,719 8,440
Allowance for credit losses, net 66 (22)
Changes in:    
Accounts receivable (6,960) (3,470)
Inventories (5,676) (7,523)
Prepaid expenses, deposits and other assets 1,072 (11,306)
Accounts payable (1,760) 7,276
Payroll-related accruals, accrued expenses and other liabilities 650 9,796
Operating lease liabilities (544) (381)
Lease prepayments for lessor's owned leasehold improvements (2,969) 0
Net cash (used in) provided by operating activities (12,161) 16,068
Cash flows from investing activities    
Purchases of property and equipment (5,864) (6,186)
Purchases of marketable securities (230,814) (84,751)
Maturities of marketable securities 67,000 50,000
Purchases of other investments (5,693) 0
Net cash used in investing activities (175,371) (40,937)
Cash flows from financing activities    
Proceeds from issuance of common stock in public offering, net of issuance costs of $11.9 million 174,394 0
Proceeds from issuance of common stock under employee stock purchase plan 3,427 1,882
Proceeds from exercise of stock options 501 573
Payment of taxes related to vested restricted stock units (3,375) (755)
Net cash provided by financing activities 174,947 1,700
Effect of foreign exchange rate on cash and cash equivalents (443) (126)
Net decrease in cash (13,028) (23,295)
Cash and cash equivalents beginning of period 92,752 114,617
Cash and cash equivalents end of period 79,724 91,322
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 2,297 158
Cash paid for interest $ 75 $ 76