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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net loss $ (17,243) $ (99,835)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 10,667 28,530
Depreciation and amortization 1,911 2,184
Amortization of debt discount 504 21
Amortization of debt issuance costs 157 155
Accretion of discount on short-term investments (1,754) (1,173)
Impairment of property and equipment 4,269 463
Loss on disposal of property and equipment   23
Change in operating assets and liabilities:    
Accounts receivable (6,902) (11,746)
Inventory (3,840) 12,566
Prepaid expenses and other assets (3,769) 10,541
Accounts payable 6,948 (1,365)
Accrued clinical and manufacturing liabilities 208 272
Accrued payroll and employee liabilities (693) (3,040)
Other accrued and other non-current liabilities (1,212) 1,160
Net cash used in operating activities (10,749) (61,244)
Investing activities:    
Purchases of short-term investments (90,745) (64,309)
Maturities and sales of short-term investments 99,109 92,435
Purchases of property and equipment (1,068) (1,295)
Net cash provided by investing activities 7,296 26,831
Financing activities:    
Net proceeds from private placement   29,755
Net proceeds from note financing   24,350
Receipts (payments) for stock issued under the equity incentive plan 342 (901)
Proceeds from purchases under the employee stock purchase plan 175 704
Net cash provided by financing activities 517 53,908
Net (decrease) increase in cash and cash equivalents (2,936) 19,495
Cash and cash equivalents at beginning of year 28,677 15,364
Cash and cash equivalents at end of period 25,741 34,859
Supplemental disclosure of cash flow information:    
Interest paid $ 3,088 $ 1,288