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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:          
Net income (loss) $ (57,418) $ (24,008) $ (110,479) $ (28,655) $ (92,534)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:          
Depreciation and amortization 2,721 2,654 5,443 5,264 10,624
Accrued Interest 1,170 (602) 50 (823) (2,216)
Asset write-downs and impairment of field equipment 136 216 262 351 955
Share-based compensation 32,740 25,823 71,824 50,868 106,955
Foreign currency remeasurement loss (gain) 914 943 787 1,192 (3,256)
Decrease (increase) in accounts receivables 6,941 2,257 21,452 (5,204) 2,547
Amortization of discount (premium) (5,075) 827 (9,131) 1,511 (1,536)
Decrease (increase) in inventories (1,452) (209) (4,170) (5,013) (4,342)
Decrease (increase) in other long-term assets (1,920) 2,356 (386) 4,219 7,107
Increase (decrease) in accounts payables and accrued expenses 207 7,649 (10,257) (7,160) 14,257
Increase (decrease) in other long-term liabilities (1,701) (2,144) (4,859) (4,475) (7,773)
Net cash provided by (used in) operating activities (22,737) 15,762 (39,464) 12,075 30,788
Cash flows from investing activities:          
Purchase of property, equipment and field equipment (6,931) (4,131) (13,019) (9,224) (21,358)
Proceeds from maturity of short-term investments 314,597 437,034 640,884 716,034 1,179,289
Purchase of short-term investments (321,563) (277,146) (559,475) (568,463) (1,297,888)
Net cash provided by (used in) investing activities (13,897) 155,757 68,390 138,347 (139,957)
Cash flows from financing activities:          
Proceeds from issuance of shares, net 2,883 2,759 2,883 2,759 5,224
Repayment of long-term debt (3) (7) (10) (14) (28)
Exercise of options 4,622 1,984 9,833 5,132 10,295
Net cash provided by (used in) financing activities 7,502 4,736 12,706 7,877 15,491
Effect of exchange rate changes on cash, cash equivalents and restricted cash (13) (120) 28 (145) (97)
Increase (decrease) in cash, cash equivalents and restricted cash (29,145) 176,135 41,660 158,154 (93,775)
Cash, cash equivalents and restricted cash at the beginning of the period 186,639 191,628 115,834 209,609 209,609
Cash, cash equivalents and restricted cash at the end of the period 157,494 367,763 157,494 367,763 115,834
Cash paid during the period for:          
Income taxes paid (refunded), net 5,831 1,854 7,543 3,027 5,480
Interest paid 0 1 1 2 41
Non-cash activities:          
Right-of-use assets obtained in exchange for lease liabilities $ 2,333 $ 279 $ 5,784 $ 3,859 $ 12,117