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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (138,560) $ (93,981) $ (106,780)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 9,456 5,477 3,718
Stock-based compensation 33,321 25,363 12,057
Deferred income taxes 0 (2,477) 0
Change in right-of-use asset 2,730 2,180 1,887
Interest expense 799 36 1,030
Amortization of debt issuance costs and debt discount 160 250 258
Change in fair value of warrant liabilities (7,446) (2,947) 48,440
Change in fair value of derivative liability 0 0 5,308
Gain on extinguishment of tranche right liability 0 0 (1,610)
Inventory write down 1,600 808 797
Provision for doubtful accounts 346 379 67
Loss from disposal of property and equipment 430 0 0
Changes in operating assets and liabilities:      
Accounts receivable (856) (8,007) (1,457)
Inventory (13,684) (3,440) (3,146)
Prepaid expenses and other assets (3,148) 350 (1,442)
Accounts payable 4,191 (2,442) 144
Accrued and other liabilities 3,196 9,060 (417)
Operating lease liability (3,225) (1,670) (971)
Net cash used in operating activities (110,690) (71,061) (42,117)
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sale of property & equipment 275 0 0
Purchases of property and equipment (5,422) (4,283) (3,509)
Acquisition, net of cash acquired 0 (10,946)
Net cash used in investing activities (5,147) (15,229) (3,509)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from the merger and private offering 0 291,442 0
Payment of offering costs 0 (26,620) 0
Repayment of debt 0 (7,000) (3,000)
Proceeds from issuance of promissory notes to related parties 0 5,000 0
Repayment of promissory notes to related parties 0 (5,000) 0
Repurchase of common stock (45) (45) 0
Proceeds from exercise of stock options 470 526 1,337
Proceeds from ESPP purchase 378 0 0
Proceeds from exercise of warrants 0 1 0
Proceeds from issuance of redeemable convertible preferred stock, net off issuance cost of 265 0 0 41,526
Proceeds from borrowings, net of debt discount and issuance costs 39,077 0 0
Proceeds from the issuance of common stock under at-the-market offering, net of commissions and fees 16,322 0 0
Taxes paid related to net share settlement of restricted stock units (59) 0 0
Net cash provided by financing activities 55,602 258,304 39,863
Effect of exchange rates on cash and cash equivalents (143) 0 0
Net increase (decrease) in cash, cash equivalents and restricted cash (60,378) 172,014 (5,763)
Cash, cash equivalents and restricted cash at beginning of period 184,656 12,642 18,405
Cash, cash equivalents and restricted cash at end of period 124,278 184,656 12,642
SUPPLEMENTAL DISCLOSURES OF OPERATING ACTIVITIES:      
Cash paid for interest 1,735 635 1,228
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:      
Property and equipment purchases included in accounts payable and accrued liabilities 269 377 232
Equity issued in connection with acquisition 0 61,105 0
Issuance of redeemable convertible preferred stock upon exercise of warrants 0 58,097 0
Conversion of redeemable convertible preferred stock to common stock 0 97,322 40,016
Right-of-use assets obtained in exchange for operating lease liability 571 6,265 6,409
Unpaid at-the-market offering costs 5 0 0
Common Stock      
CASH FLOWS FROM FINANCING ACTIVITIES      
At-the-market offering costs for the issuance of common stock $ (541) $ 0 $ 0