XML 19 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (56,912) $ (51,585)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,939 5,716
Impairment of assets 397 444
Reduction in carrying amount of right-of-use asset 13,257 5,351
Stock based compensation 16,222 14,048
Revaluation of contingent consideration 305 434
Income from unconsolidated joint venture (137) (100)
Donation of common stock 696 2,272
Losses on marketable securities   1,659
Non-cash income tax benefit   (559)
Loss on sale of property and equipment 92 71
Inventory write-off 223  
Amortization of deferred costs on convertible notes 1,396 1,250
Deferred taxes benefit (66) (2)
Changes in other assets and liabilities:    
Accounts receivable, net (14,873) (19,032)
Inventory (17) (3,680)
Prepaid expenses 2,335 (1,784)
Other assets 1,395 (3,922)
Accounts payable 640 (240)
Accrued expenses 1,032 5,591
Contract liabilities 1,178 2,777
Lease liabilities (3,845) (4,219)
Income taxes payable 160  
Net cash used in operating activities (28,583) (45,510)
Cash flows from investing activities:    
Purchases of marketable securities (8,630) (281,897)
Proceeds from sale of marketable securities 30,000 4
Purchases of property and equipment (12,063) (9,608)
Proceeds from sale of property and equipment 223 165
Cash paid for business combinations, net of cash acquired (3,349)  
Net cash provided by (used in) investing activities 6,181 (291,336)
Cash flows from financing activities:    
Proceeds from stock options exercised 1,428 3,317
Proceeds from issuance of convertible notes   287,500
Costs incurred in connection with issuance of convertible notes   (9,309)
Payments on finance lease obligations   (2)
Net cash provided by financing activities 1,428 281,506
Effect of foreign currency translation on cash and cash equivalents (315) (425)
Net decrease in cash and cash equivalents (21,289) (55,765)
Cash and cash equivalents at beginning of the year 65,662 86,262
Cash and cash equivalents at end of the period 44,373 30,497
Supplemental cash flow information:    
Cash paid for interest 2,875 $ 1,414
Non-cash investing and financing activities:    
Non-cash consideration in connection with business combination $ 1,593