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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (41,738) $ (38,128)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Provision for loss (gains) on accounts receivable 8 (14)
Loss on disposal of equipment 464 89
Share-based compensation 16,862 12,589
Inventory obsolescence 0 3,455
Depreciation and amortization 28,930 15,888
Write-off and amortization of deferred financing costs and loan discount 3,034 398
Change in operating lease right of use asset 807 675
Loss on equity method investment 1,890 2,027
Amortization of discount on short-term investments (996) 0
Changes in operating assets and liabilities:    
Accounts receivable 5,675 (36,268)
Inventories (6,979) (28,560)
Prepaid expenses and other current assets (430) 2,416
Other assets (3,762) (358)
Accounts payable (7,488) (421)
Accrued expenses 4,529 4,487
Operating lease liability (1,037) (677)
Net cash flows used in operating activities (231) (62,402)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of short-term investments (113,441) (19,840)
Investments in equity method investment 0 (3,294)
Acquisitions of property, plant and equipment, software and deposits on equipment (102,507) (94,872)
Net cash flows used in investing activities (215,948) (118,006)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from common shares issued in primary offering, net of issuance cost 0 337,849
Proceeds from exercise of options to purchase common stock 3,061 329
Tax withholdings related to net shares settlements of restricted stock units (850) (1,213)
Proceeds from borrowings under Credit Facility 0 78,000
Purchase of capped call option (66,211) 0
Proceeds from issuance of convertible senior notes 393,518 0
Debt issuance costs (2,026) 0
Net cash flows provided by financing activities 327,492 414,965
NET CHANGE IN CASH AND CASH EQUIVALENTS 111,313 234,557
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 132,735 72,788
CASH AND CASH EQUIVALENTS, END OF PERIOD 244,048 307,345
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 1,217 1,265
NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Property, plant and equipment purchases in accounts payable and accrued expenses 34,799 19,799
Capitalized interest in accrued expenses $ 181 $ 0