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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (16,460) $ (31,563)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 63 144
(Accretion) amortization of investments (907) 374
Stock-based compensation 5,556 6,078
Amortization of intangible asset 702 636
Changes in assets and liabilities:    
Accounts receivable, net (2,246) 53,419
Inventory 22,809 (52,940)
Prepaid and other current assets (386) (5,740)
Other long-term assets (556)  
Interest receivable (16) 140
Deferred revenue (445) (372)
Accounts payable and other current liabilities (15,237) (69,658)
Other long-term liabilities 115 635
Net cash used in operating activities (7,008) (98,847)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities of securities 32,913 113,220
Purchases of securities (52,523) (14,171)
Net cash (used in) provided by investing activities (19,610) 99,049
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options, net of transaction costs 1,871 30
Taxes paid related to stock-based awards (1,507) (535)
Net cash provided by (used in) financing activities 364 (505)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (26,254) (303)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 218,189 223,372
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 191,935 223,069
Cash (paid) received during the year for:    
Income taxes (38) 51
Supplemental disclosure of non-cash transactions:    
Initial recognition of operating lease right-of-use asset 446 $ 1,036
Initial recognition of furniture, fixtures and equipment lease $ 624