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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities          
Net loss     $ (147,702) $ (78,388)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Stock-based compensation expense     41,572 28,865  
Amortization of intangible asset $ 1,590 $ 1,589 3,179 3,161  
Amortization of debt discount     1,260 1,493  
Depreciation     272 190  
Loss in fair value of contingent consideration 2,160 6,053 748 5,891  
Non-cash lease expense     701 772  
Right-of-use asset amortization for finance lease 263   373    
Change in operating lease liability     (54) (299)  
Changes in operating assets and liabilities:          
Accounts receivable, net     (25,522) (29,711)  
Inventories, net     585 (4,932)  
Prepaid expenses and other current assets     (3,693) (3,130)  
Non-current inventory and other assets     (1,029) (541)  
Accounts payable     20,661 4,353  
Accrued expenses and other current liabilities     25,072 11,106  
Net cash used in operating activities     (83,577) (61,170)  
Cash flows from investing activities          
Purchases of equipment     (150) (204)  
Net cash used in investing activities     (150) (204)  
Cash flows from financing activities          
Proceeds from draw down of debt       85,000  
Payment of debt issuance costs       (1,441)  
Payments on principal portion of finance lease obligation     (349)    
Proceeds from issuance of common stock upon financing     11,264 225,000  
Cash paid for common stock issuance costs     (225) (13,622)  
Proceeds from issuance of common stock upon exercise of options and under employee stock purchase plan     9,242 6,957  
Payment of contingent consideration     (3,795) (3,049)  
Payments of tax withholdings on stock award     (2,946) (1,200)  
Net cash provided by financing activities     13,191 297,645  
Net (decrease) increase in cash     (70,536) 236,271  
Cash at beginning of period     386,193 200,842 $ 200,842
Cash at end of period $ 315,657 $ 437,113 315,657 437,113 $ 386,193
Supplemental disclosures of cash flow information:          
Interest paid     9,911 7,132  
Operating lease right-of-use asset obtained in exchange for operating lease liability       $ 7,764  
Finance lease right-of-use asset obtained in exchange for finance lease liability     $ 4,572