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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES    
Net Income (Loss) $ (86,277) $ (92,966)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 34,424 33,673
Depreciation and amortization 5,578 3,942
Loss on disposal of property and equipment 399 332
Net accretion of discount on available-for-sale securities (11,548) (833)
Provision for inventory excess and obsolescence 872 507
Non-cash operating lease expense 211 1,655
Changes in operating assets and liabilities:    
Accounts receivable, net 302 (2,874)
Prepaid expenses and other assets (1,313) (1,081)
Inventory (1,948) (1,590)
Accounts payable (987) (1,553)
Deferred revenue 73 (243)
Accrued liabilities and other liabilities 1,149 251
Net cash used in operating activities (59,065) (60,780)
INVESTING ACTIVITIES    
Purchases of property and equipment (7,309) (10,265)
Proceeds from disposal of property and equipment 0 170
Purchase of available-for-sale securities (403,092) (366,268)
Proceeds from sale of available-for-sale securities 2,990 0
Proceeds from maturities of available-for-sale securities 445,315 253,645
Net cash provided by (used in) investing activities 37,904 (122,718)
FINANCING ACTIVITIES    
Repurchase of Class A common stock (13) (20)
Proceeds from exercise of Class A common stock options 97 3,138
Proceeds from issuance of common stock in connection with employee stock purchase plan 368 775
Net cash provided by financing activities 452 3,893
Net decrease in cash, cash equivalents and restricted cash (20,709) (179,605)
Cash, cash equivalents and restricted cash, beginning of period 53,732 233,337
Cash, cash equivalents and restricted cash, end of period 33,023 53,732
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Property and equipment purchases included in accounts payable and accrued expenses 415 354
Inventory transferred to property and equipment 1,332 928
Property and equipment transferred to inventory 121 327
Prepaid expenses and other assets transferred to fixed asset $ 181 $ 0