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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net loss $ (12,515) $ (16,054)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and amortization expense 2,329 1,928
Stock-based compensation expense 17,492 20,339
Amortization of premiums and discounts on marketable securities (504) 302
Amortization of debt issuance costs 108 0
Non-cash lease costs 2,466 2,155
Other 17 16
Changes in operating assets and liabilities:    
Inventory 2,103 (2,548)
Accounts receivable 8,220 3,773
Other current assets (241) (563)
Accounts payable 956 1,152
Accrued expenses (2,219) (1,912)
Operating lease liabilities (184) (1,977)
Other non-current assets and liabilities, net 28 0
Net cash provided by operating activities 18,056 6,611
Investing activities:    
Purchases of investments (28,537) (34,948)
Sales and maturities of investments 42,038 26,344
Expenditures for property and equipment (5,609) (5,062)
Purchases of intangible assets (7,500) 0
Net cash provided by (used in) investing activities 392 (13,666)
Financing activities:    
Net proceeds from common stock issuance 3,498 2,211
Payments on employee’s behalf for taxes related to vesting of restricted stock unit awards (2,176) (1,441)
Other (20) (18)
Net cash provided by financing activities 1,302 752
Net increase (decrease) in cash, cash equivalents, and restricted cash 19,750 (6,303)
Cash, cash equivalents, and restricted cash at beginning of period 51,067 68,541
Cash, cash equivalents, and restricted cash at end of period 70,817 62,238
Supplemental disclosure of cash flow information:    
Right-of-use asset and lease liability recognized 35,976 0
Additions to property and equipment included in accounts payable 4,321 869
Reconciliation of amounts within the condensed consolidated balance sheets:    
Cash and cash equivalents 43,023 56,054
Restricted cash 27,794 6,184
Total cash, cash equivalents, and restricted cash at end of period $ 70,817 $ 62,238