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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income (loss) $ 11,128 $ (10,067)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 3,001 2,117
Stock-based compensation 19,032 14,167
Change in fair value of liabilities 0 295
Net accretion on securities (1,077) (1,041)
Impairment of long-lived assets 75 429
Non-cash operating lease cost 574 448
Non-cash acquisition-related costs 0 566
Non-cash other 408 124
Changes in operating assets and liabilities:    
Inventory (7,362) 865
Prepaid expenses and other current assets (6,708) (4,984)
Other long-term assets (47) 5
Accounts payable 3,602 3,955
Accrued liabilities (2,258) 1,673
Deferred revenue 6,002 1,394
Operating lease liabilities (532) (463)
Net cash provided by operating activities 25,838 9,483
Investing activities    
Purchases of investments (70,700) (40,687)
Maturities of investments 97,700 39,084
Investment in website development and internal-use software (3,377) (1,875)
Purchases of property, equipment, and intangible assets (10,581) (635)
Net cash provided by (used in) investing activities 13,042 (4,113)
Financing activities    
Proceeds from exercise of vested stock options 5,070 245
Payments for taxes related to net share settlement of equity awards (7,314) (3,657)
Repurchases of common stock (28,064) 0
Net cash used in financing activities (30,308) (3,412)
Foreign currency effect on cash and cash equivalents 2 15
Increase in cash, cash equivalents, and restricted cash 8,574 1,973
Cash, cash equivalents, and restricted cash at beginning of period 97,519 47,628
Cash, cash equivalents, and restricted cash at end of period 106,093 49,601
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 105,237 48,745
Restricted cash 856 856
Total cash, cash equivalents, and restricted cash 106,093 49,601
Supplemental disclosures of cash flow information    
Cash paid for taxes 126 286
Non-cash investing and financing activities    
Purchases of property and equipment included in accounts payable and accrued liabilities 594 1,290
Right-of-use asset obtained in exchange for lease liability $ 2,174 $ 0