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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (170,126) $ (174,298)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 349 411
Stock-based compensation 13,812 11,725
Issuance of PIK interest debt 2,300 1,707
Accrued interest on revenue interest financing liability 15,491 24,173
Amortization of debt discount 1,430 974
Inventory reserve 819 243
Other 3,131 2,971
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 6,246 (2,303)
Accounts receivable, net (12,458) (9,240)
Accounts payable and accrued expenses 5,416 3,675
Accrued interest 43 279
Operating right-of-use assets and lease liabilities 66 90
Inventory (14,178) (148)
Net cash used in operating activities (147,659) (139,741)
Cash flows from investing activities    
Cash paid for property and equipment (115) (86)
Net cash used in investing activities (115) (86)
Cash flows from financing activities    
Proceeds from issuance of common stock from exercise of stock options 80 21
Net proceeds from issuance of debt 0 34,650
Net cash provided by financing activities 80 34,671
Net decrease in cash and cash equivalents and restricted cash (147,694) (105,156)
Cash and cash equivalents and restricted cash - beginning of period 300,125 384,256
Cash and cash equivalents and restricted cash - end of period 152,431 279,100
Supplemental disclosure of cash flow information    
Interest paid 10,538 7,819
Supplemental disclosure of noncash investing and financing activities    
Property and equipment purchases included in accounts payable and accrued expenses 9 10
Final interest payment fee 0 750
Settlement of ESPP liability in common stock 1,853 770
Settlement of 401(k) liability in common stock $ 2,127 $ 712