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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net loss $ (8,544) $ (12,515)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and amortization expense 2,701 2,329
Stock-based compensation expense 19,354 17,492
Amortization of premiums and discounts on marketable securities (365) (504)
Amortization of debt issuance costs 108 108
Non-cash lease costs 3,480 2,466
Other 15 17
Changes in operating assets and liabilities:    
Inventory (1,800) 2,103
Accounts receivable 10,360 8,220
Other current assets 421 (241)
Accounts payable (209) 956
Accrued expenses (4,393) (2,219)
Operating lease liabilities 4,511 (184)
Other non-current assets and liabilities, net 98 28
Net cash provided by operating activities 25,737 18,056
Investing activities:    
Purchases of investments (35,700) (28,537)
Sales and maturities of investments 23,307 42,038
Expenditures for property and equipment (30,778) (5,609)
Purchases of intangible assets 0 (7,500)
Net cash (used in) provided by investing activities (43,171) 392
Financing activities:    
Net proceeds from common stock issuance 11,460 3,498
Payments on employee’s behalf for taxes related to vesting of restricted stock unit awards (5,038) (2,176)
Other 0 (20)
Net cash provided by financing activities 6,422 1,302
Net (decrease) increase in cash, cash equivalents, and restricted cash (11,012) 19,750
Cash, cash equivalents, and restricted cash at beginning of period 86,866 51,067
Cash, cash equivalents, and restricted cash at end of period 75,854 70,817
Supplemental disclosure of cash flow information:    
Right-of-use asset and lease liability recognized 3,037 35,976
Additions to property and equipment included in accounts payable 13,213 4,321
Reconciliation to amounts within the condensed consolidated balance sheets:    
Cash and cash equivalents 50,291 43,023
Restricted cash 25,563 27,794
Total cash, cash equivalents, and restricted cash at end of period $ 75,854 $ 70,817