XML 18 R7.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (42,629) $ (47,718)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,654 5,397
Loss on write-off and disposal of property and equipment and right-of-use asset impairment 85 100
Gain on lease termination (65) 0
Stock-based compensation 21,724 20,099
Reduction of revenue related to stock warrant issued to customer 1,021 488
Amortization of right-of-use asset 2,509 2,391
Accretion or amortization on short-term investments (1,488) (2,933)
Change in fair value of warrant liabilities 229 27
Inventory write down 465 742
Provision (recovery) of doubtful accounts 137 (241)
Realized gain on available for sale securities (4) (275)
Changes in operating assets and liabilities:    
Accounts receivable 6,471 3,915
Inventory 2,049 3,037
Prepaid expenses and other assets (3,640) 101
Accounts payable 6,425 958
Accrued and other liabilities 3,978 (9,830)
Contract liabilities (3,836) (553)
Operating lease liability (3,273) (3,071)
Net cash used in operating activities (6,188) (27,366)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 0 502
Purchases of property and equipment (1,441) (1,741)
Purchase of short-term investments (79,686) (49,720)
Proceeds from sales of short-term investments 57,250 60,028
Net cash (used in) provided by investing activities (23,877) 9,069
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from ESPP purchase 980 781
Proceeds from exercise of stock options 48 151
Payments received (remitted) to fund employees tax obligation for vested RSUs 357 0
Proceeds from the issuance of common stock under at-the-market offering, net of commissions and fees 58,798 19,498
At-the-market offering costs for the issuance of common stock (10) (95)
Net cash provided by financing activities 60,173 20,335
Effect of exchange rates on cash and cash equivalents 480 (467)
Net increase in cash, cash equivalents and restricted cash 30,588 1,571
Cash, cash equivalents and restricted cash at beginning of period 48,099 52,634
Cash, cash equivalents and restricted cash at end of period 78,687 54,205
SUPPLEMENTAL DISCLOSURES OF OPERATING ACTIVITIES:    
Cash paid for interest 0 1,487
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Property and equipment purchases included in accounts payable and accrued liabilities 743 29
Right-of-use assets obtained in exchange for operating lease liability $ 742 $ 0