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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (7,091) $ (3,289)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and amortization expense 873 811
Stock-based compensation expense 9,531 7,019
Amortization of premiums and discounts on marketable securities 194 273
Non-cash lease cost 1,076 1,171
Other 4 (20)
Changes in operating assets and liabilities:    
Inventory (1,004) (966)
Accounts receivable 5,582 5,382
Other current assets (847) (320)
Accounts payable (219) 2,174
Accrued expenses (3,734) (1,328)
Operating lease liabilities (897) (821)
Net cash provided by operating activities 3,468 10,086
Investing activities:    
Purchases of investments (12,629) (10,426)
Sales and maturities of investments 5,041 24,955
Expenditures for property and equipment (3,081) (2,343)
Net cash (used in) provided by investing activities (10,669) 12,186
Financing activities:    
Net proceeds from common stock issuance 1,465 3,781
Payments on employee’s behalf for taxes related to vesting of restricted stock unit awards (943) (1,501)
Other (19) (18)
Net cash provided by financing activities 503 2,262
Net (decrease) increase in cash, cash equivalents, and restricted cash (6,698) 24,534
Cash, cash equivalents, and restricted cash at beginning of period 68,541 33,831
Cash, cash equivalents, and restricted cash at end of period 61,843 58,365
Supplemental disclosure of cash flow information:    
Additions to property and equipment included in accounts payable 317 530
Restricted stock held for employee tax remittance included in accounts payable 480 65
Reconciliation of amounts within the condensed consolidated balance sheets:    
Cash and cash equivalents 55,659 58,154
Restricted cash 6,184 211
Total cash, cash equivalents, and restricted cash at end of period $ 61,843 $ 58,365