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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (106,659) $ (6,969)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 426 443
Amortization of investments 757 1,564
Stock-based compensation 19,601 26,836
Amortization of intangible asset 1,909 1,633
Changes in assets and liabilities:    
Accounts receivable, net 40,274 5,213
Inventory (59,640) (120,404)
Prepaid and other current assets (5,706) 9,601
Other long-term assets   (24)
Interest receivable 483 723
Deferred revenue (1,012) (1,500)
Accounts payable and other current liabilities (74,672) 45,582
Other long-term liabilities 2,595 (995)
Net cash used in operating activities (181,644) (38,297)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities of securities 240,614 312,150
Purchases of securities (37,507) (233,067)
Disposal of furniture, fixtures and equipment   4
Net cash provided by investing activities 203,107 79,087
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock, net of transaction costs 383 1,028
Proceeds from exercise of stock options, net of transaction costs 59 2,615
Taxes paid related to stock-based awards (859) (8,520)
Net cash used in financing activities (417) (4,877)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 21,046 35,913
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 223,372 190,879
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 244,418 226,792
Cash (paid) received during the year for:    
Income taxes (1,490) 3,670
Supplemental disclosure of non-cash transactions:    
Initial recognition of operating lease right-of-use asset $ 1,148  
Laxdale Milestone   $ 12,000