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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Nov. 02, 2024
Oct. 28, 2023
Cash flows from operating activities:    
Net loss $ (13,765) $ (18,320)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 9,218 6,648
Share-based compensation 33,303 16,112
Warrant contra revenue 5,828 790
Write-downs for excess and obsolete inventory 2,205 710
Changes in operating assets and liabilities:    
Accounts receivable (22,114) 16,818
Inventories (12,611) 9,552
Contract assets 1,585 (2,597)
Prepaid and other current assets (4,102) (1,866)
Other non-current assets 1,216 (4,606)
Accounts payable (1,429) 5,561
Accrued expenses, compensation and other liabilities 5,682 110
Deferred revenue (1,967) 704
Net cash provided by operating activities 3,049 29,616
Cash flows from investing activities:    
Purchases of property and equipment (27,811) (7,357)
Maturities of short-term investments 313,061 109,228
Purchases of short-term investments (113,716) (111,526)
Net cash provided by (used in) investing activities 171,534 (9,655)
Cash flows from financing activities:    
Payments on technology license obligations (4,556) (3,052)
Proceeds from employee share incentive plans 4,384 4,078
Tax withheld related to RSU settlement (2,250) (362)
Net cash provided by financing activities (2,422) 664
Effect of exchange rate changes on cash 134 (222)
Net increase in cash and cash equivalents 172,295 20,403
Cash and cash equivalents at beginning of the period 66,942 108,583
Cash and cash equivalents at end of the period 239,237 128,986
Supplemental cash flow information:    
Purchases of property and equipment included in accounts payable, accrued expenses and other liabilities $ 7,966 $ 9,784