XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (37,467) $ (62,211)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization, and impairments 5,217 4,305
Non-cash interest expense 607  
Write-down of inventories (81)  
Stock-based compensation expense 11,383 14,109
Change in fair value of warrant liabilities (413) (413)
Other 462 (651)
Changes in operating assets and liabilities:    
Accounts receivable (3,165) (3,293)
Inventories (1,072) (26,855)
Prepaid expenses and other assets 165 (615)
Vendor advances (1,396) 9,534
Accounts payable (587) 1,390
Deferred revenue (908) (1,062)
Accrued purchase commitments   (1,615)
Change in operating lease assets and liabilities (348) 196
Accrued expenses and other liabilities (3,064) (2,557)
Net cash used in operating activities (30,667) (69,738)
Cash flows from investing activities:    
Purchases of marketable securities   (297)
Sales of marketable securities   76,484
Purchases of property, equipment, and intangible assets, including capitalized software (1,872) (2,223)
Sales of property and equipment 35 10
Net cash (used in) provided by investing activities (1,837) 73,974
Cash flows from financing activities:    
Proceeds from exercise of stock options and warrants   136
Net cash provided by financing activities   136
Net (decrease) increase in cash, cash equivalents, and restricted cash (32,504) 4,372
Cash, cash equivalents, and restricted cash, beginning of period 138,650 166,828
Cash, cash equivalents, and restricted cash, end of period $ 106,146 $ 171,200