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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (15,592) $ (28,831)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 572 524
Amortization and accretion of investments, net (973) (194)
Noncash lease expense 78 302
Inventory write-down 0 231
Gain on disposal of assets (572) (2)
Share-based compensation 1,320 2,040
Carrying value adjustment to assets held for sale 5,564 0
Changes in operating assets and liabilities:    
Accounts receivable (82) 299
Inventory 0 (1,026)
Prepaid expenses and other assets (7,382) (5,313)
Accounts payable (2,573) 215
Accrued expenses and other liabilities (3,066) (1,144)
Operating lease liabilities 4 (340)
Net cash used in operating activities (22,702) (33,239)
Cash flows from investing activities    
Purchase of property and equipment and other (2,818) (2,988)
Proceeds from sale of property and equipment 572 2
Purchase of investments (23,707) (31,394)
Proceeds from sale and maturity of investments 53,861 33,533
Net cash provided by (used in) investing activities 27,908 (847)
Cash flows from financing activities    
Proceeds from exercise of common stock options 48 19
Taxes paid related to net share settlement of equity awards (295) (195)
Repurchase of treasury stock (11,043) 0
Net cash used in financing activities (11,290) (176)
Net decrease in cash and cash equivalents and restricted cash (6,084) (34,262)
Cash and cash equivalents and restricted cash, beginning of period 21,464 120,133
Cash and cash equivalents and restricted cash, end of period 15,380 85,871
Supplemental disclosure of noncash investing and financing activities:    
Repurchase of treasury stock included in accrued expenses 294 0
Acquisitions of property and equipment included in accounts payable and other $ 468 $ 255