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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net loss $ (18,802) $ (16,399)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,121 1,619
Non-cash interest expense 178 105
Stock-based compensation expense 2,375 1,545
Deferred taxes   10
Change in fair value of contingent consideration 227 200
Net accretion of marketable securities (5)  
Changes in operating assets and liabilities:    
Accounts receivable, net (3,214) (1,870)
Prepaid expenses and other assets 2,517 (1,151)
Inventories, net (137) (2,286)
Operating lease right of use assets 598 472
Accounts payable (1,945) 2,083
Accrued expenses and other liabilities (3,941) (2,460)
Operating lease liabilities (539) (397)
Deferred revenue 809 597
Net cash used in operating activities (19,758) (17,932)
Investing activities    
Purchases of property and equipment (804) (1,138)
Maturities of marketable securities 7,000  
Net cash provided by (used in) investing activities 6,196 (1,138)
Financing activities    
Proceeds from stock option exercises 58 55
Settlement of restricted stock units for tax withholding obligations (94)  
Principal payments on financing leases (148) (126)
Payments of debt issuance costs (33)  
Payments of deferred offering costs (202)  
Net cash used in financing activities (419) (71)
Net decrease in cash, cash equivalents, and restricted cash (13,981) (19,141)
Cash, cash equivalents, and restricted cash at beginning of year 74,532 113,381
Cash, cash equivalents, and restricted cash at end of year 60,551 94,240
Supplemental disclosures of cash flow information    
Cash paid for interest 1,793 638
Supplemental disclosures of non-cash activities    
Purchases of property and equipment included in accounts payable and accrued expenses $ 529 $ 887