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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (45,191) $ (91,047)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,307 1,029
Share-based compensation expense 12,707 12,843
Non-cash lease expense 1,481 1,193
Amortization of premiums and accretion of discounts on short-term investments 240 603
Loss on disposal of property and equipment 34  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (7,421) (196)
Accounts receivable, net (3,823) (2,551)
Inventory (16,241) (6,381)
Other long-term assets 2,918 (279)
Accounts payable 654 3,654
Accrued expenses and other liabilities (1,889) 2,753
Operating lease liabilities (1,436) (863)
Deferred revenue 12,000  
Other long-term liabilities (10) 337
Net cash used in operating activities (44,670) (78,905)
Cash flows from investing activities:    
Proceeds from sale of property and equipment 91  
Purchases of property and equipment (115) (113)
Purchases of short-term investments (55,734) (97,460)
Proceeds from the maturities of short-term investments 71,300 248,400
Intangible asset acquired   (20,000)
Net cash provided by investing activities 15,542 130,827
Cash flows from financing activities:    
Proceeds from issuance of Class A common shares under incentive award plans and employee share purchase plans 1,558 1,993
Payments in connection with Common Stock tendered for employee tax obligations (593)  
Net cash provided by financing activities 965 1,993
Net increase (decrease) in cash, cash equivalents and restricted cash (28,163) 53,915
Cash, cash equivalents and restricted cash at beginning of period 122,470 114,248
Cash, cash equivalents and restricted cash at end of period 94,307 $ 168,163
Supplemental information:    
Cash paid for income taxes $ 3,293