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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (77,702) $ (78,208) $ (84,305)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,518 2,997 2,602
Amortization of investment discount 226 99 (427)
Equity-based compensation expense 22,047 16,464 12,618
Amortization of debt discount and issuance costs 11,542 11,168 9,969
Realized loss on available-for-sale securities 0 3 0
(Gain) loss on disposal of property and equipment (75) 785 837
Gain on extinguishment of debt (9,793) 0 0
Inventory write-down 4,500 0 0
(Increase) decrease in assets:      
Contributions to deferred compensation plan (484) (357) 0
Accounts receivable (770) 1,592 (1,362)
Inventory (415) (1,356) (3,655)
Prepaid expense and other assets 1,014 (2,087) (752)
Increase (decrease) in liabilities:      
Accounts payable 273 (1,006) 988
Accrued liabilities (469) (909) (1,327)
Accrued interest (283) 0 0
Deferred revenue and income 75 105 54
Deferred compensation 473 316 (34)
Net cash used in operating activities (47,323) (50,394) (64,794)
Cash flows from investing activities:      
Purchases of equipment (603) (1,362) (330)
Purchase of marketable securities (30,081) (46,933) (50,226)
Proceeds from sales of marketable securities 250 0 14,500
Maturities of marketable securities 38,738 61,901 88,867
Net cash provided by investing activities 8,304 13,606 52,811
Cash flows from financing activities:      
Proceeds from issuance of common and preferred shares, net 42,880 359 1,458
Proceeds from exercise of options 1,620 5,703 4,907
Proceeds from issuance of common stocks under employee purchase plan 326 359 458
Proceeds from debt 0 5,578 0
Payment of debt (360) (366) 0
Payments of Stock Issuance Costs (1,240) 0 0
Net cash provided by financing activities 43,226 11,633 6,823
Effect of exchange rate on cash (90) (78) (86)
Increase (decrease) in cash and cash equivalents 4,117 (25,233) (5,246)
Cash and cash equivalents, beginning of period 35,781 61,014 66,260
Cash and cash equivalents, end of period 39,898 35,781 61,014
Non-cash investing activities:      
Net transfer of instruments from inventory to property and equipment 688 1,525 3,361
Supplemental cash flow information:      
Interest paid 4,288 4,288 4,288
Income taxes paid, net of refunds 0 43 41
Extinguishment of Convertible Senior Notes through issuance of common stock $ 38,902 $ 0 $ 0