Balance Sheet Components (Tables)

3 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents and Short-Term Investments

The Company’s cash and cash equivalents consist of the following (in thousands):

	March 31, 2023		December 31, 2022
Cash	$	98,429	$	1,832
Cash equivalents:
Money market funds(1)	17,398		121,100
Total cash and cash equivalents	$	115,827	$	122,932

(1)The Company maintains a cash sweep account, which is included in money market funds as of March 31, 2023 and December 31, 2022. Cash is invested in short-term money market funds that earn interest.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheets to the amounts reported in the condensed consolidated statements of cash flows (in thousands):

	March 31, 2023		March 31, 2022
Cash and cash equivalents	$	115,827	$	160,783
Restricted cash, current	566		977
Restricted cash, non-current	1,089		1,035
Total cash, cash equivalents and restricted cash	$	117,482	$	162,795

Schedule of Inventory

Inventory, consisting of material, direct and indirect labor, and manufacturing overhead, consists of the following (in thousands):

	March 31, 2023		December 31, 2022
Raw materials	$	9,517	$	6,971
Work in process	3,362		3,857
Finished goods	15,847		8,705
Total inventory	$	28,726	$	19,533

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following (in thousands):

	March 31, 2023		December 31, 2022
Prepaid expenses	$	5,577	$	3,944
Receivable from contract manufacturer	3,267		2,526
Other current assets	1,802		2,073
Total prepaid and other current assets	$	10,646	$	8,543

Schedule of Property, Plant and Equipment

Property and equipment consists of the following (in thousands):

	Estimated Useful Life (in years)	March 31, 2023		December 31, 2022
Machinery and equipment	3	$	14,881	$	8,716
Computer equipment	3	1,015		340
Automotive and vehicle hardware	5	22		93
Software	3	573		85
Furniture and fixtures	7	954		848
Construction in progress		3,992		3,448
Leasehold improvements	Shorter of useful life or lease term	10,845		9,319
		32,282		22,849
Less: Accumulated depreciation		(17,639)		(13,154)
Property and equipment, net		$	14,643	$	9,695

Schedule of Goodwill

The following table displays the changes in the carrying amount of goodwill (in thousands):

	Goodwill
Balance - December 31, 2022	$	51,152
Goodwill addition related to Velodyne Merger	115,523
Goodwill impairment charges	(99,409)
Balance - March 31, 2023	$	67,266

Schedule of Finite-Lived Intangible Assets

The following tables present acquired intangible assets, net as of March 31, 2023 and December 31, 2022 (in thousands):

		March 31, 2023
	Estimated Useful Life (in years)	Gross Carrying amount		Accumulated Amortization		Net Book Value
Developed technology	3 - 8	$	23,500	$	(3,113)	$	20,387
Vendor relationship	3	6,600		(3,117)		3,483
Customer relationships	3 - 8	6,300		(516)		5,784
Intangible assets, net		$	36,400	$	(6,746)	$	29,654

		December 31, 2022
	Estimated Useful Life (in years)	Gross Carrying amount		Accumulated Amortization		Net Book Value
Developed technology	8	$	15,900	$	(2,318)	$	13,582
Vendor relationship	3	6,600		(2,567)		4,033
Customer relationships	3	900		(350)		550
Intangible assets, net		$	23,400	$	(5,235)	$	18,165

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table summarizes estimated future amortization expense of finite-lived intangible assets-net (in thousands):

Years:	Amount
2023 (the remainder of 2023)	$	5,270
2024	6,604
2025	4,515
2026	3,776
2027	3,682
Thereafter	5,807
Total	$	29,654

Schedule of Accrued and Other Current Liabilities

Accrued and other current liabilities consist of the following (in thousands):

	March 31, 2023		December 31, 2022
Accrued compensation	$	7,290	$	3,758
Uninvoiced receipts	25,509		10,727
Other	8,884		2,586
Total accrued and other current liabilities	$	41,683	$	17,071