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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net loss $ (22,631) $ (12,006)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and amortization expense 2,942 2,185
Stock-based compensation expense 29,443 26,481
Amortization of premiums and discounts on marketable securities 305 737
Amortization of debt issuance costs 36 0
Non-cash lease cost 3,120 3,420
Other 21 17
Changes in operating assets and liabilities:    
Inventory (3,348) (3,703)
Accounts receivable 3,141 5,594
Other current assets (164) (793)
Accounts payable (37) (672)
Accrued expenses (97) (361)
Operating lease liabilities (2,019) (2,410)
Net cash provided by operating activities 10,712 18,489
Investing activities:    
Purchases of investments (43,950) (49,375)
Sales and maturities of investments 35,944 50,913
Expenditures for property and equipment (6,471) (6,924)
Net cash used in investing activities (14,477) (5,386)
Financing activities:    
Net proceeds from common stock issuance 3,040 9,701
Debt issuance costs (1,076) 0
Payments on employee’s behalf for taxes related to vesting of restricted stock unit awards (1,485) (1,619)
Other (39) (252)
Net cash provided by financing activities 440 7,830
Net (decrease) increase in cash, cash equivalents, and restricted cash (3,325) 20,933
Cash, cash equivalents, and restricted cash at beginning of period 68,541 33,831
Cash, cash equivalents, and restricted cash at end of period 65,216 54,764
Supplemental disclosure of cash flow information:    
Right-of-use asset and lease liability recognized 137 45
Additions to property and equipment included in accounts payable 482 85
Restricted stock held for employee tax remittance included in accounts payable 0 57
Reconciliation of amounts within the condensed consolidated balance sheets:    
Cash and cash equivalents 65,216 54,553
Restricted cash 0 211
Total cash, cash equivalents, and restricted cash at end of period $ 65,216 $ 54,764