XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jan. 27, 2024
Jan. 28, 2023
Cash flows from operating activities:    
Net income (loss) $ (17,892) $ (610)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,085 6,533
Share-based compensation 24,444 15,606
Warrant contra revenue 1,823 895
Write-downs for excess and obsolete inventory 667 3,087
Impairment of assets 0 2,407
Changes in operating assets and liabilities:    
Accounts receivable 4,781 (13,644)
Inventories 13,849 (26,065)
Contract assets (8,464) (9,185)
Prepaid and other current assets (2,721) 1,642
Other non-current assets (7,398) (5,598)
Accounts payable 5,281 11,703
Accrued expenses, compensation and other liabilities 3,540 (1,850)
Deferred revenue 585 2,303
Net cash provided by (used in) operating activities 28,580 (12,776)
Cash flows from investing activities:    
Purchases of property and equipment (12,457) (17,815)
Maturities of short-term investments 169,754 0
Purchases of short-term investments (373,587) (109,228)
Net cash used in investing activities (216,290) (127,043)
Cash flows from financing activities:    
Proceeds from issuance of ordinary share in connection with public offering, net of underwriter discounts and offering costs 173,636 0
Payments on technology license obligations (3,052) (308)
Proceeds from employee share incentive plans, net of tax withholding related to vesting of RSUs 4,685 4,595
Net cash provided by financing activities 175,269 4,287
Effect of exchange rate changes on cash (69) (7)
Net increase (decrease) in cash and cash equivalents (12,510) (135,539)
Cash and cash equivalents at beginning of the period 108,583 259,322
Cash and cash equivalents at end of the period 96,073 123,783
Supplemental cash flow information:    
Purchases of property and equipment included in accounts payable, accrued expenses and other liabilities $ 8,767 $ 10,789