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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (72,492) $ (133,700) $ (168,723)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation, amortization, and impairments 10,342 10,574 5,935
Non-cash interest expense 1,256 0 0
Write-down of inventories 15 21,083 783
Stock-based compensation expense 21,032 27,480 42,531
Change in fair value of warrant liabilities 1,859 (4,544) (20,859)
Gain on lease termination 0 (214) 0
Other 1,102 633 615
Changes in operating assets and liabilities:      
Accounts receivable (8,503) (162) (3,063)
Inventories 2,218 (34,135) (24,510)
Prepaid expenses and other assets 1,304 2,979 3,819
Vendor advances (2,498) 17,091 5,100
Accounts payable (841) (1,875) 1,216
Deferred revenue 435 2,206 2,266
Accrued purchase commitments 0 (2,015) (17,383)
Change in operating lease assets and liabilities (750) (635) 2,257
Accrued expenses and other liabilities 3,814 (3,586) 901
Net cash used in operating activities (41,707) (98,820) (169,115)
Cash flows from investing activities:      
Purchases of marketable securities 0 (297) (75,534)
Sales of marketable securities 0 76,484 0
Purchases of property, equipment, and intangible assets, including capitalized software (2,694) (5,783) (18,302)
Sales of property and equipment 36 10 57
Net cash provided by (used in) investing activities (2,658) 70,414 (93,779)
Cash flows from financing activities:      
Proceeds from exercise of stock options and warrants 64 228 2,982
Proceeds from employee stock purchase plan 495 0 0
Payments to tax authorities for restricted stock units withheld (739) 0 (101)
Payments on technology license commitment (1,315) 0 0
Net cash provided by (used in) financing activities (1,495) 228 2,881
Net decrease in cash, cash equivalents, and restricted cash (45,860) (28,178) (260,013)
Cash, cash equivalents, and restricted cash, beginning of period 138,650 166,828 426,841
Cash, cash equivalents, and restricted cash, end of period 92,790 138,650 166,828
Supplementary disclosure of non-cash investing and financing activities      
Acquisition of property, equipment, and intangible assets, including capitalized software $ 470 $ 9,247 $ 4,501