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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss $ (11,218) $ (39,632)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 12,943 7,598
Amortization of intangible asset 1,572  
Amortization of debt discount 584 223
Depreciation 90 37
Gain in fair value of contingent consideration (162)  
Amortization of operating lease right-of-use asset 314 275
Change in operating lease liability (317) (215)
Changes in operating assets and liabilities:    
Accounts receivable, net (7,094)  
Inventories, net (3,620)  
Prepaid expenses and other current assets (2,420) (2,077)
Non-current inventory and other assets (801)  
Accounts payable (2,835) (554)
Accrued expenses and other current liabilities 7,143 1,692
Net cash used in operating activities (5,821) (32,653)
Cash flows from investing activities    
Purchases of equipment (71) (214)
Net cash used in investing activities (71) (214)
Cash flows from financing activities    
Proceeds from draw down of debt 55,000  
Payment of debt issuance costs (1,217)  
Proceeds from issuance of common stock upon financing, net   31,009
Proceeds from issuance of common stock upon exercise of options 387 182
Payment of contingent consideration (1,738)  
Payments of tax withholdings on stock award (867) (89)
Net cash provided by financing activities 51,565 31,102
Net (decrease) increase in cash 45,673 (1,765)
Cash at beginning of period 200,842 86,473
Cash at end of period 246,515 84,708
Supplemental disclosures of cash flow information:    
Interest paid 3,216 1,119
Operating lease right-of-use asset obtained in exchange for operating lease liability $ 561 $ 561