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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net loss $ (43,567) $ (57,184)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,253 880
Stock-based compensation 11,513 5,799
Amortization of debt issuance costs 594 659
Provision for doubtful accounts 390 0
Other items, net 142 0
Changes in operating assets and liabilities    
Accounts receivable (10,161) (527)
Inventory (28,600) (9,030)
Prepaid expenses and other current assets 1,352 1,091
Other assets 16 (327)
Accounts payable 3,533 796
Accrued liabilities 3,508 532
Accrued compensation and benefits 4,141 2,089
Lease liability 458 (96)
Net cash used in operating activities (55,428) (55,318)
Cash Flows from Investing Activities    
Purchases of property and equipment (1,915) (962)
Purchases of short-term investments 0 (35,210)
Proceeds from sales and maturities of short-term investments 12,592 69,117
Net cash provided by investing activities 10,677 32,945
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 2,648 463
Net cash provided by financing activities 143,135 463
Effect of exchange rate changes on cash and cash equivalents (186) (165)
Net increase (decrease) in cash and cash equivalents 98,198 (22,075)
Cash and cash equivalents, beginning of year 171,082 98,306
Cash and cash equivalents, end of period 269,280 76,231
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 849 1,097
Cash paid for taxes $ 0 $ 1