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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (47,317) $ (31,589)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation & amortization 6,508 2,924
Impairment of assets 1,661 0
Amortization of right-of-use assets 3,754 0
Amortization of deferred financing fees and debt discount 494 671
Bad debt expense 803 0
Stock-based compensation expense 11,876 11,036
Provision for inventory reserves (2,486) 0
Loss on extinguishment of debt 0 2,024
Loss on exercise of equity classified warrants 0 303
Change in fair value of warrant liabilities and derivatives (6,523) (38,861)
Paid in kind interest on convertible notes 4,354 4,171
Changes in operating assets and liabilities:    
Accounts receivable 4,365 (11,306)
Inventory 10,333 (73,236)
Prepaid expenses and other current assets (222) (425)
Other assets 155 (314)
Accounts payable and accrued expenses (5,339) (12,290)
Deferred revenue 1,367 9,033
Proceeds from tenant improvement allowances 6,177 0
Operating lease liabilities (2,307) 0
Other liabilities (2,139) (8,678)
Net cash used in operating activities (14,486) (146,537)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (18,854) (17,605)
Net cash used in investing activities (18,854) (17,605)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of finance fees 0 (641)
Payments of transaction costs 0 (25,233)
Payment of deferred underwriting fees 0 (8,902)
Payment of finance lease obligations (2,326) (427)
Proceeds from equity infusion from the Merger, net of redemptions 0 227,092
Proceeds from PIPE Issuance 0 200,000
Proceeds from the exercise of stock options 980 2,829
Proceeds from the exercise of warrants 0 121
Proceeds from issuance of common stock under ESPP 145 0
Tax payments related to the issuance of common stock (649) 0
Payments of long-term debt 0 (39,457)
Net cash provided by financing activities (1,850) 355,382
Effect of exchange rate changes on cash (18) 1
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (35,208) 191,240
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—BEGINNING OF PERIOD 201,679 39,731
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD 166,471 230,972
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents 164,181 228,692
Restricted cash - Other noncurrent assets 2,290 2,280
Total cash, cash equivalents and restricted cash 166,471 230,972
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Purchases of property and equipment included in accounts payable and accrued liabilities 342 483
Cash paid for interest 275 776
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Establishment of operating lease 24,576 0
Lease modification and termination 3,532 0
Conversion of preferred stock to common stock 0 59,987
Capital contribution related to extinguishment of debt 0 536
Issuance of common stock related to cashless exercise of liability classified warrants 0 595
2025 Convertible Notes    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock related to convertible notes $ 0 $ 13,367