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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net loss $ (94,820) $ (90,879)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation 11,404 13,669
Lease incentives received or receivable 3,861 0
Amortization of right-of-use lease assets 3,713 3,601
Depreciation 3,510 2,431
Long-lived asset impairment 1,900 0
Accretion of debt issuance costs 148 165
Amortization of premium (accretion of discount) on short-term investments (1,118) 676
Loss on disposal of property and equipment 0 60
Changes in operating assets and liabilities:    
Accounts receivable 348 (913)
Inventory, net (3,537) (13,487)
Prepaid expenses and other current assets 507 604
Other noncurrent assets 2 (892)
Accounts payable 267 (1,168)
Accrued expenses 1,554 79
Other current liabilities 432 81
Lease liabilities (1,866) (1,208)
Other noncurrent liabilities 48 87
Net cash used in operating activities (73,647) (87,094)
Investing activities    
Purchases of short-term investments (183,595) (174,713)
Maturities of shot-term investments 178,035 119,647
Sales of short-term investments 20,337 21,522
Purchases of property and equipment (970) (6,022)
Net cash provided (used) by investing activities 13,807 (39,566)
Financing activities    
Proceeds from issuance of common stock under employee stock purchase plan 702 1,180
Proceeds from issuance of common stock under equity incentive plans 13 171
Repurchases of common stock under equity incentive plans (19) (450)
Net cash provided by financing activities 696 901
Net decrease in cash and cash equivalents and restricted cash (59,144) (125,759)
Cash and cash equivalents and restricted cash, beginning of year 75,977 201,736
Cash and cash equivalents and restricted cash, end of period 16,833 75,977
Supplemental disclosure for cash activities    
Interest paid 941 561
Supplemental disclosure for non-cash activities    
Lease liability recognized upon lease modifications during the period 19,475 0
Inventory transferred to property and equipment 7,643 104
Purchases of inventory included in accounts payable 1,116 1,601
Vesting of common stock issued for early exercise of stock options 394 705
Purchase of property plant and equipment included in accounts payable 24 318
Purchases of inventory included in accrued expenses 168 226
Initial lease liability recognized upon lease commencements during the period 0 43,231
Initial lease liability recognized upon adoption of ASC 842 0 7,074
Reduction of lease liability for lease termination 0 334
Noncurrent deposit transferred to property and equipment $ 0 $ 759