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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (20,812) $ (14,200)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 539 505
Amortization of intangible assets 5 3
Amortization of investment discount 19 121
Equity-based compensation 5,602 3,215
Non-cash interest expense 158 0
Loss on disposal of property and equipment 11 0
(Increase) decrease in assets:    
Accounts receivable 881 (522)
Inventory (1,917) (4,155)
Prepaid expense and other (653) (457)
Other current assets (336) (280)
Increase (decrease) in liabilities:    
Accounts payable 701 276
Accrued liabilities 733 (4)
Deferred revenue and income (1,003) 29
Deferred compensation 4 0
Net cash used in operating activities (16,068) (15,469)
Cash flows from investing activities:    
Purchases of equipment (1,294) (229)
Purchases of available-for-sale securities (9,356) (4,562)
Sales of available-for-sale securities 3,000 0
Maturity of available-for-sale securities 20,125 8,845
Net cash provided in investing activities 12,475 4,054
Cash flows from financing activities:    
Issuance of common stock net of issuance costs 134 189
Exercise of options and warrants 1,112 1,844
Proceeds from issuance of convertible note 150,000 0
Prepayment of forward stock repurchase transaction (45,069) 0
Payment of debt issuance costs (4,330) 0
Net cash provided by financing activities 101,847 2,033
Effect of exchange rate on cash: 80 55
Increase (decrease) in cash and cash equivalents 98,334 (9,327)
Cash and cash equivalents, beginning of period 28,513 19,244
Cash and cash equivalents, end of period $ 126,847 $ 9,917