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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (67,640) $ (95,679)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,226 15,142
Amortization of debt issuance costs 8 37
Stock-based compensation 8,893 15,662
Inventory write-down 1,248 9,149
Realized loss on equity investments 0 84
Provision for bad debt 253 0
Net loss from sales of businesses 468 2,376
Deferred taxes 393 0
Changes in assets and liabilities:    
Accounts receivable 2,247 3,799
Inventory (4,494) 23,090
Prepaid expenses and other current assets 3,526 750
Operating lease right-of-use assets and current and noncurrent lease liabilities (10,572) 2,919
Accounts payable and accrued expenses 3,188 (2,783)
Other long-term liabilities 0 9
Deferred revenue (763) (53)
Net cash used in operating activities (53,019) (25,498)
Cash flows from investing activities:    
Purchase of property and equipment (3,083) (9,657)
Changes in security deposits 2,156 758
Proceeds from sale of equity investment 0 166
Proceeds from sale of businesses 2,459 0
Net cash provided by (used in) investing activities 1,532 (8,733)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 34 516
Taxes withheld and paid on employee stock awards (1) (359)
Proceeds from issuance of common stock under employee stock purchase plan 150 233
Net cash provided by financing activities 183 390
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 105 (804)
Net decrease in cash, cash equivalents, and restricted cash (51,199) (34,645)
Cash, cash equivalents, and restricted cash—beginning of period 130,673 167,767
Cash, cash equivalents, and restricted cash—end of period 79,474 133,122
Supplemental disclosures of cash flow information:    
Cash paid for interest 99 86
Cash paid for taxes 1,307 1,477
Noncash investing and financing activities:    
Purchase of property and equipment included in accounts payable 8 30
Stock-based compensation included in capitalized internal-use software 228 677
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 78,627 132,483
Restricted cash included in prepaid expenses and other current assets 848 639
Total cash, cash equivalents, and restricted cash $ 79,474 $ 133,122