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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net loss $ (13,580) $ (110,559) $ (182,024)
Adjustments to reconcile net loss to net cash used for operating activities:      
Stock-based compensation expense 12,962 32,854 42,980
Depreciation and amortization 2,492 2,899 2,889
Amortization of debt discount 751 133  
Amortization of debt issuance costs 210 206 202
Accretion of discount on short-term investments (2,143) (1,739) (736)
Retirement and impairment of property and equipment 4,409 617 209
(Gain)/Loss on disposal of property and equipment (27) 10 74
Change in operating assets and liabilities:      
Accounts receivable (18,744) (8,088) (16,550)
Inventory (11,050) 12,463 (6,191)
Prepaid expenses and other assets (9,927) 15,426 1,010
Accounts payable 8,469 15 (578)
Accrued clinical and manufacturing liabilities 3,220 (2,177) 752
Accrued payroll and employee liabilities 330 (4,192) (1,847)
Other accrued liabilities 99 3,343 12,898
Net cash used in operating activities (22,529) (58,789) (146,912)
Investing activities:      
Purchases of short-term investments (103,087) (87,658) (145,683)
Maturities and sales of short-term investments 123,480 107,185 143,957
Purchases of property and equipment (1,706) (1,545) (1,825)
Proceeds from the sale of property and equipment 27 13 227
Net cash provided by (used in) investing activities 18,714 17,995 (3,324)
Financing activities:      
Net proceeds from sale of common stock   29,755 75,145
Net proceeds from notes financing   24,350  
Proceeds from purchases under the Employee Stock Purchase Plan 637 904 1,444
Receipts (payments) for stock issued under the equity incentive plan 303 (903) (1,530)
Proceeds from warrant exercises   1  
Net cash provided by financing activities 940 54,107 75,059
Net (decrease) increase in cash and cash equivalents (2,875) 13,313 (75,177)
Cash and cash equivalents at beginning of year 28,677 15,364 90,541
Cash and cash equivalents at end of year 25,802 28,677 15,364
Supplemental disclosure of cash flow information:      
Interest paid $ 4,860 $ 3,059 $ 2,250