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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net loss $ (33,894) $ (13,645)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,309 2,174
Non-cash interest expense 226 212
Stock-based compensation expense 3,266 1,470
Deferred taxes 99 (16)
Change in fair value of contingent consideration (956) 826
Net accretion of marketable securities (43)  
Change in fair value of warrant liability   2,728
Loss (gain) on extinguishment of debt   (2,476)
Changes in operating assets and liabilities:    
Accounts receivable, net (1,028) (1,688)
Prepaid expenses and other assets (12,749) (6,043)
Inventories, net (4,131) (2,539)
Accounts payable 3,937 (176)
Accrued expenses and other liabilities 9,591 1,923
Deferred revenue 1,055 431
Net cash used in operating activities (31,318) (16,819)
Investing activities    
Purchases of property and equipment (2,702) (1,854)
Purchase of marketable securities (40,774)  
Net cash used in investing activities (43,476) (1,854)
Financing activities    
Proceeds from initial public offering, net of underwriting discounts and commissions   138,553
Proceeds from stock option exercises 219 143
Proceeds from debt 10,000  
Payments of debt issuance costs (100)  
Principal payments on capital leases   (176)
Principal payments on financing leases (316)  
Payments of contingent consideration (1,207) (1,590)
Net cash provided by financing activities 8,596 136,930
Net (decrease) increase in cash, cash equivalents, and restricted cash (66,198) 118,257
Cash, cash equivalents, and restricted cash at beginning of year 113,381 17,508
Cash, cash equivalents, and restricted cash at end of year 47,183 135,765
Supplemental disclosures of cash flow information    
Cash paid for interest 1,290 1,290
Supplemental disclosures of non-cash activities    
Purchases of property and equipment included in accounts payable and accrued expenses $ 1,815 811
Accretion of dividends on Series B, C, and D Preferred Stock   1,435
Conversion of convertible preferred stock into common stock upon completion of initial public offering   71,795
Reclassification of warrant liability to equity   $ 3,219