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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net loss $ (34,399) $ (32,178)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 806 570
Stock-based compensation 7,738 3,017
Amortization of debt issuance costs 414 434
Provision for doubtful accounts 514 0
Other items, net 81 0
Changes in operating assets and liabilities    
Accounts receivable (6,750) (859)
Inventory (14,427) (4,302)
Prepaid expenses and other current assets 975 891
Other assets 116 (5)
Accounts payable 4,846 (881)
Accrued liabilities 1,574 1,027
Accrued compensation and benefits 1,914 920
Lease liability 316 (48)
Net cash used in operating activities (36,282) (31,414)
Cash Flows from Investing Activities    
Purchases of property and equipment (1,267) (729)
Purchases of short-term investments 0 (33,231)
Proceeds from sales and maturities of short-term investments 12,592 49,449
Net cash provided by investing activities 11,325 15,489
Cash Flows from Financing Activities    
Proceeds from issuance of common stock upon follow-on public offering 149,500 0
Payment of common stock issuance costs upon follow-on public offering (9,013) 0
Proceeds from exercise of stock options 1,352 352
Net cash provided by financing activities 141,839 352
Effect of exchange rate changes on cash and cash equivalents (285) (53)
Net increase (decrease) in cash and cash equivalents 116,597 (15,626)
Cash and cash equivalents, beginning of year 171,082 98,306
Cash and cash equivalents, end of period 287,679 82,680
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 593 730
Cash paid for taxes $ 0 $ 1