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Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net loss $ (46,278) $ (49,211)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 5,082 5,923
Amortization of right-of-use lease assets 1,416 2,032
Depreciation 2,086 1,667
Long-lived asset impairment 0 1,900
Accretion of debt issuance costs 79 71
Amortization of premium (accretion of discount) on short-term investments (993) 1,060
Changes in operating assets and liabilities:    
Accounts receivable 125 881
Inventory, net (1,590) 468
Prepaid expenses and other current assets 1,355 (337)
Other noncurrent assets 72 (71)
Accounts payable (155) (1,494)
Accrued expenses (1,861) (470)
Other current liabilities (147) 109
Lease liabilities (952) (521)
Other noncurrent liabilities 20 61
Net cash used in operating activities (41,741) (37,932)
Investing activities    
Purchases of short-term investments (37,853) (95,249)
Maturities of shot-term investments 93,253 114,096
Sales of short-term investments 169 19,480
Purchases of property and equipment (26) (468)
Net cash provided (used) by investing activities 55,543 37,859
Financing activities    
Proceeds from issuance of common stock under employee stock purchase plan 80 624
Proceeds from issuance of common stock under equity incentive plans 0 13
Repurchases of common stock under equity incentive plans 0 (13)
Net cash provided by financing activities 80 624
Net increase in cash and cash equivalents and restricted cash 13,882 551
Cash and cash equivalents and restricted cash, beginning of year 16,833 75,977
Cash and cash equivalents and restricted cash, end of year 30,715 76,528
Supplemental disclosure for cash activities    
Interest paid 494 530
Supplemental disclosure for non-cash activities    
Inventory transferred to property and equipment 1,643 3,752
Purchases of inventory included in accounts payable 209 319
Purchases of inventory included in accrued expenses 0 34
Vesting of common stock issued for early exercise of stock options 46 209
Purchase of property and equipment included in accounts payable $ 0 $ 50