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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net loss $ (16,054) $ (7,075)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and amortization expense 1,928 1,506
Stock-based compensation expense 20,339 17,885
Amortization of premiums and discounts on marketable securities 302 505
Non-cash lease cost 2,155 2,325
Other 16 5
Changes in operating assets and liabilities:    
Inventory (2,548) (3,603)
Accounts receivable 3,773 2,772
Other current assets (563) 1,039
Accounts payable 1,152 1,356
Accrued expenses (1,912) (216)
Operating lease liabilities (1,977) (1,644)
Net cash provided by operating activities 6,611 14,855
Investing activities:    
Purchases of investments (34,948) (30,951)
Sales and maturities of investments 26,344 32,655
Expenditures for property and equipment (5,062) (4,461)
Net cash used in investing activities (13,666) (2,757)
Financing activities:    
Net proceeds from common stock issuance 2,211 7,621
Payments on employee’s behalf for taxes related to vesting of restricted stock unit awards (1,441) (1,562)
Other (18) (16)
Net cash provided by financing activities 752 6,043
Net (decrease) increase in cash, cash equivalents, and restricted cash (6,303) 18,141
Cash, cash equivalents, and restricted cash at beginning of period 68,541 33,831
Cash, cash equivalents, and restricted cash at end of period 62,238 51,972
Supplemental disclosure of cash flow information:    
Additions to property and equipment included in accounts payable 869 630
Restricted stock held for employee tax remittance included in accounts payable 0 61
Reconciliation of amounts within the condensed consolidated balance sheets:    
Cash and cash equivalents 56,054 51,761
Restricted cash 6,184 211
Total cash, cash equivalents, and restricted cash at end of period $ 62,238 $ 51,972