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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 13,706 $ 10,361
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,435 643
Inventory impairment charges 503 8
Share-based compensation 12,415 0
Amortization of discount and cost of issuance of debt 0 72
Bad debts 24 49
Non-cash interest expense 0 202
(Gain) loss from change in fair value remeasurement of SAFEs 0 (19,100)
(Gain) loss from change in fair value of warrants (47,353) 0
(Gain) loss from change in fair value of contingent consideration and earn-out liability (83) 0
Accrued contingent consideration related to acquisition 0 60
Deferred City Semi compensation 125 125
Amortization of right-of-use assets 469 0
Unrealized foreign currency transaction (gain) loss (14) 0
Changes in operating assets and liabilities:    
Accounts receivable (1,796) (1,163)
Inventory (235) (746)
Accounts payable 1,271 536
Accrued expenses and other current liabilities 1,037 266
Accrued payroll liabilities (1,820) 166
Deferred revenue 1,792 (564)
Prepaid and other current assets (789) (6)
Operating lease liabilities (144) 0
Other long-term liabilities (257) 0
Net cash used in operating activities (15,714) (9,091)
Cash flows from investing activities:    
Purchases of property and equipment (565) (140)
Accrual for purchases of intangible assets 0 (21)
Business combinations, net of cash (8,705) 0
Net cash used in investing activities (9,270) (161)
Cash flows from financing activities:    
Proceeds from issuance of debt obligations 315 0
Payments on debt obligations (383) 0
Payments on financed software (704) (300)
Payments on deferred financing costs 0 (332)
Proceeds from exercise of stock options 52 0
Net cash used in financing activities (720) (632)
Effect of exchange rate changes on cash and cash equivalents (398) 59
Net increase in cash and cash equivalents (26,102) (9,825)
Cash, cash equivalents and restricted cash at beginning of period 219,464 18,698
Cash, cash equivalents and restricted cash at end of period 193,362 8,873
Supplemental disclosure of cash flow information:    
Cash paid for interest 58 340
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid 39 56
Deferred financing costs incurred 0 491
Contingent consideration for business combination 8,204 0
Accrual for purchase consideration for business combination $ 9,674 $ 0