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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net loss $ (68,478) $ (70,441)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 26,810 25,513
Depreciation and amortization 3,998 2,839
Loss on disposal of property and equipment 258 261
Net amortization (accretion) of premium (discount) on available-for-sale securities (8,545) 307
Provision for inventory excess and obsolescence 825 0
Non-cash operating lease expense 164 1,497
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (728) (2,234)
Prepaid expenses and other assets (1,080) (1,036)
Inventory (1,634) (2,372)
Accounts payable (1,353) (443)
Deferred revenue 52 (51)
Accrued liabilities and other liabilities 836 (364)
Net cash used in operating activities (48,875) (46,524)
INVESTING ACTIVITIES    
Payments for (Proceeds from) Property, Plant, and Equipment (5,470) (5,292)
Proceeds from disposal of property and equipment 0 170
Purchase of available-for-sale securities (318,049) (202,748)
Proceeds from sale of available-for-sale securities 2,990 0
Proceeds from maturities of available-for-sale securities 352,322 87,863
Net cash provided by (used in) investing activities 31,793 (120,007)
FINANCING ACTIVITIES    
Repurchase of Class A common stock (13) (20)
Proceeds from exercise of Class A common stock options 91 1,387
Net cash provided by financing activities 270 1,787
Net decrease in cash, cash equivalents and restricted cash (16,812) (164,744)
Cash, cash equivalents and restricted cash, beginning of period 53,732 233,337
Cash, cash equivalents and restricted cash, end of period 36,920 68,593
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Property and equipment purchases included in accounts payable and accrued expenses 250 828
Inventory transferred to property and equipment 1,211 0
Lease liability obtained in exchange for right-of-use assets 514 6,855
Class A common stock    
FINANCING ACTIVITIES    
Proceeds from issuance of Class A common stock in connection with employee stock purchase plan $ 192 $ 420