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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net loss $ (23,546,000) $ (65,678,000) $ (107,659,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 9,515,000 7,474,000 4,075,000
Stock-based compensation 66,080,000 42,817,000 67,211,000
Change in fair value of liabilities 1,075,000 (70,000) (3,802,000)
Warrant expense in connection with Merger 0 0 154,000
Amortization of debt issuance costs 0 0 144,000
Net (accretion) amortization on securities (5,686,000) 146,000 2,166,000
Benefit for deferred taxes (13,000) (594,000) (3,388,000)
Impairment of long-lived assets 429,000 1,127,000 0
Non-cash operating lease cost 1,922,000 1,605,000 1,510,000
Non-cash acquisition-related costs 2,691,000 837,000 1,182,000
Non-cash other 195,000 0 540,000
Changes in operating assets and liabilities:      
Inventory (902,000) (8,004,000) (9,628,000)
Prepaid expenses and other current assets (6,395,000) (6,335,000) 3,200,000
Other long-term assets (58,000) 17,000 (58,000)
Accounts payable 7,324,000 12,723,000 9,853,000
Accrued liabilities 16,524,000 909,000 197,000
Deferred revenue 6,261,000 (1,716,000) 1,412,000
Operating lease liabilities (1,933,000) (1,605,000) (1,521,000)
Earn-out payable 0 (10,184,000) 0
Net cash provided by (used in) operating activities 73,483,000 (26,531,000) (34,412,000)
Investing activities      
Purchases of investments (157,239,000) (187,700,000) (266,633,000)
Maturities of investments 170,051,000 194,259,000 158,375,000
Proceeds from sales of investments 1,574,000 35,846,000 3,465,000
Investment in website and mobile application development and internal-use software (9,272,000) (4,533,000) (4,175,000)
Purchases of property, equipment, and intangible assets (17,220,000) (2,714,000) (832,000)
Deferred consideration paid for acquisitions 0 (459,000) 0
Acquisition of businesses, net of cash acquired 0 0 (46,468,000)
Net cash (used in) provided by investing activities (12,106,000) 34,699,000 (156,268,000)
Financing activities      
Pre-closing stock repurchase 0 0 (22,027,000)
Proceeds from issuance of common stock upon Merger 0 0 197,686,000
Proceeds from PIPE 0 0 75,000,000
Payments for transaction costs related to securities issuances 0 0 (12,851,000)
Proceeds from repayment of promissory notes associated with vested and unvested shares 0 0 1,193,000
Proceeds from exercise of Class A common stock warrants, net of redemption payments 0 0 787,000
Proceeds from exercise of vested and unvested stock options, net of repurchases and cancelations 2,322,000 2,246,000 1,253,000
Payments for taxes related to net share settlement of equity awards (14,096,000) (3,901,000) (5,998,000)
Payments for earn-out consideration for acquisitions 0 (32,650,000) 0
Proceeds from employee stock purchase plan 2,298,000 1,178,000 0
Repurchases of common stock (1,999,000) 0 0
Net cash (used in) provided by financing activities (11,475,000) (33,127,000) 235,043,000
Foreign currency effect on cash and cash equivalents (11,000) (53,000) (73,000)
Increase (decrease) in cash, cash equivalents, and restricted cash 49,891,000 (25,012,000) 44,290,000
Cash, cash equivalents, and restricted cash at beginning of period 47,628,000 72,640,000 28,350,000
Cash, cash equivalents, and restricted cash at end of period 97,519,000 47,628,000 72,640,000
Reconciliation of cash, cash equivalents, and restricted cash      
Cash and cash equivalents 96,663,000 46,772,000 71,784,000
Restricted cash 856,000 856,000 856,000
Total cash, cash equivalents, and restricted cash 97,519,000 47,628,000 72,640,000
Supplemental disclosures of cash flow information      
Cash paid for taxes 1,109,000 636,000 338,000
Non-cash investing and financing activities      
Recapitalization of redeemable convertible preferred stock from pre-closing stock repurchase 0 0 125,000
Conversion of redeemable convertible preferred stock to common stock 0 0 249,837,000
Assumption of Merger warrants liability 0 0 51,814,000
Redemption/exercise of Class A common stock warrants 0 0 37,834,000
Conversion of Series D preferred stock warrants to Class A common warrants 0 0 1,160,000
Purchase of property and equipment included in accounts payable 3,383,000 0 0
Right-of-use asset obtained in exchange for lease liability 6,270,000 1,206,000 0
Vesting of early exercised stock options, net of cancelations 0 197,000 227,000
Common stock issued, contingent consideration, and liabilities assumed in acquisition of businesses $ 0 $ 0 $ 99,958,000