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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (48,983) $ (19,318)
Adjustments to reconcile net loss to net cash used by operating activities    
Depreciation and amortization 1,636 173
Amortization of debt discount   4
Non-employee warrant expense 238 399
Provision for warranty expense   170
Non-cash lease expense 648 218
Stock-based compensation related to acquisition 401 402
Stock-based compensation 6,945 453
Compensation expense related to acquisition 2,109  
Deferred tax benefit (5,889)  
Non-cash interest expense 41  
Provision for excess and obsolete inventory 16 115
Provision for doubtful accounts   (27)
Change in operating assets and liabilities    
Accounts receivable 1,493 (6,215)
Inventory (26,197) (4,294)
Deferred cost of revenue (6,884) (4,185)
Prepaid expenses and other assets 4,027 (7,826)
Accounts payable 8,800 2,436
Accrued expenses and other liabilities (3,676) (2,114)
Deferred revenue 29,091 21,158
Lease liabilities (496) (233)
Net cash used in operating activities (36,680) (18,684)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (470) (340)
Net cash used in investing activities (129,423) (340)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on term loan   (834)
Proceeds from warrant exercise 3 5
Proceeds from options exercise 62  
Proceeds for ESPP purchases 488  
Taxes paid related to net share settlements of stock-based compensation awards (3,389)  
Convertible preferred stock issued   34,793
Payments from business combination and private offering (70)  
Net cash (used in) provided by financing activities (2,906) 33,964
Effect of exchange rate changes on cash and cash equivalents (432) (24)
Net (decrease) increase in cash, cash equivalents, and restricted cash (169,441) 14,916
Cash, cash equivalents, and restricted cash - beginning of period 432,604 38,618
Cash, cash equivalents, and restricted cash - end of period 263,163 53,534
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents 255,008 53,534
Restricted cash, current portion 7,660  
Restricted cash, included in other long-term assets 495  
Total cash, cash equivalents, and restricted cash 263,163 53,534
Supplemental disclosure of cash flow information    
Interest paid   137
Cash paid for income taxes 49 65
Schedule of non-cash investing and financing activities    
Accrued property and equipment at period end 71 $ 278
Acquisition consideration held in escrow 850  
SightPlan    
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition, net of cash acquired $ (128,953)