XML 22 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (76,009) $ (61,381) $ (31,085)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 7,819 3,596 3,120
Impairment of assets 824   1,592
Reduction in carrying amount of right-of-use asset 7,236 1,056 1,045
Stock based compensation 19,172 7,395 1,006
Non-cash interest expense   111 320
Loss on debt extinguishment   272  
Revaluation of contingent consideration 817    
Loss (income) from unconsolidated joint venture 130 (41)  
Donation of common stock 2,272 2,226  
Losses on marketable securities 1,855 2,002  
Loss on sale of property and equipment 47 20  
Inventory write-off 133   (15)
Amortization of deferred costs on convertible notes 1,718    
Deferred taxes benefit (653) (179)  
Restructuring charge 1,549    
Changes in other assets and liabilities:      
Accounts receivable, net (16,923) (11,117) (2,130)
Inventory 351 293 (956)
Prepaid expenses (1,616) (4,025) (210)
Other assets (7,016) 464 (469)
Accounts payable (215) 5,215 (2,350)
Accrued expenses 403 (12,008) 8,569
Contract liabilities 515 (1,625) 518
Lease liabilities (5,727) (845) (1,004)
Income taxes payable 743    
Net cash used in operating activities (62,575) (68,571) (22,049)
Cash flows from investing activities:      
Purchase of marketable securities (284,096) (267,467)  
Proceeds from sale of marketable securities 58,927 235,000  
Purchase of short-term investments     (17,711)
Proceeds from short-term investments     28,571
Purchases of property and equipment (13,650) (6,262) (4,190)
Proceeds from life insurance   627  
Proceeds from sale of property and equipment 189    
Cash paid for business combinations, net of cash acquired   (174,646)  
Net cash provided by (used in) investing activities (238,630) (212,748) 6,670
Cash flows from financing activities:      
Proceeds from issuance of Series A-2, Series B, Series C, Series D and Series E convertible preferred stock, net of issuance costs     52,409
Repurchase of Series A-2, Series B, Series C and Series D convertible preferred stock     (12,852)
Deemed dividend to preferred stockholders     (8,801)
Proceeds from initial public offering, net of underwriters' discount   325,263  
Payments in connection with initial public offering   (3,678)  
Proceeds from stock options exercised 3,715 2,291 518
Proceeds from term loan     4,000
Repayment of term loan   (16,136)  
Proceeds from the exercise of warrants   40  
Proceeds from issuance of convertible notes 287,500    
Costs incurred in connection with issuance of convertible notes (9,309)    
Payment of contingent consideration (932)    
Proceeds from other borrowings     4,783
Repayment of other borrowings     (4,783)
Payments on finance lease obligations (2) (12) (13)
Net cash provided by financing activities 280,972 307,768 35,261
Effect of foreign currency translation on cash and cash equivalents (367) (61) (130)
Net (decrease) increase in cash and cash equivalents (20,600) 26,388 19,752
Cash and cash equivalents at beginning of the year 86,262 59,874 40,122
Cash and cash equivalents at end of the year 65,662 86,262 59,874
Supplemental cash flow information:      
Cash paid for interest 1,414 907 $ 1,269
Non-cash investing and financing activities:      
Non-cash purchase of property and equipment 279    
Non-cash consideration in connection with business combinations $ (518) 2,339  
Shares issued in business combinations   $ 102,888