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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (3,188) $ (1,383) $ (5,361)
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:      
Provision for loss/(gains) on accounts receivable (23) 15 (15)
Loss on disposal of equipment 1,805 787 142
Share-based compensation 10,925 7,834 6,808
Inventory obsolescence 232 113 99
Depreciation and amortization 21,125 15,922 14,068
Amortization of deferred financing costs and loan discount 834 211 115
Changes in operating assets and liabilities:      
Accounts receivable 166 (8,019) 410
Inventories (6,808) (3,338) 702
Prepaid expenses and other current assets 9,437 (11,969) 174
Operating lease right of use 1,289 432 0
Other assets (719) 118 (262)
Accounts payable (5,922) 2,777 195
Accrued expenses (6,762) 13,082 1,531
Other lease liabilities (1,198) (265) (31)
Net cash flows from operating activities 21,193 16,317 18,575
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of short-term investments (20,000) 0 0
Proceeds from maturities of short-term investments 20,000 0 0
Investments in equity method investment (27,894) 0 0
Acquisitions of property, plant and equipment, software and deposits on equipment (134,568) (70,633) (16,274)
Net cash flows used in investing activities (162,462) (70,633) (16,274)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from common shares issued in primary offering, net of issuance cost 252,062 0 0
Proceeds from exercise of options to purchase common stock 5,441 4,460 3,325
Tax withholdings related to net shares settlements of restricted stock units (2,568) (1,295) (256)
Proceeds from borrowings under Credit Facilities 20,933 72,291 6,000
Repayment of borrowings under Credit Facilities (76,000) (18,500) (6,000)
Financing fees paid in connection with borrowings (824) (723) 0
Net cash flows provided by financing activities 199,044 56,234 3,069
NET CHANGE IN CASH AND CASH EQUIVALENTS 57,775 1,917 5,370
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 9,472 7,554 2,184
CASH AND CASH EQUIVALENTS, END OF PERIOD 67,247 9,472 7,554
SUPPLEMENTAL CASH FLOW INFORMATION:      
Taxes paid 88 9 69
Interest paid 1,061 522 184
NON-CASH FINANCING AND INVESTING ACTIVITIES:      
Property, plant and equipment purchases in accounts payable 11,281 7,575 851
Non-cash acquisitions of property, plant and equipment $ 0 $ 1,750 $ 0