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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net loss $ (31,610) $ (16,349)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,319 1,125
Equity-based compensation 4,244 3,866
Change in fair value of warranty liability 13,176 2,800
Realized and unrealized gain on short term investments (50) 16
Equity method investment loss 40 55
Asset retirement obligation accretion 16 15
Amortization of debt discount 1,442
Changes in operating assets and liabilities:    
Accounts receivable 836 979
Other current assets (434) (46)
Other assets (107) 27
Accounts payable 878 (364)
Deferred revenue (10) (34)
Accrued expenses and other liabilities 3,022 395
Operating lease right-of-use assets and liabilities 253 88
Net cash used in operating activities (6,985) (7,427)
Investing activities    
Capitalization of costs and purchases of network assets, property, and equipment (32) (856)
Purchase of marketable securities (5,918)
Sale and maturity of marketable securities 4,000 5,213
Purchase of internal use software (163) (341)
Net cash (used in) provided by investing activities (2,113) 4,016
Financing activities    
Payments towards debt (28) (27)
Proceeds from exercise of stock options 544 26
Net cash provided by (used in) financing activities 516 (1)
Effect of exchange rates on cash and cash equivalents 21 (5)
Net decrease in cash and cash equivalents (8,561) (3,417)
Cash and cash equivalents at beginning of period 81,878 47,230
Cash and cash equivalents at end of period 73,317 43,813
Non-cash financing information    
Capital expenditure included in accounts payable $ 278 $ 591