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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (8,431) $ (34,020)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 65 94
Accretion of investments (2,745) (1,853)
Stock-based compensation 9,605 7,391
Amortization of intangible asset 1,458 1,403
Changes in assets and liabilities:    
Accounts receivable, net 9,872 8,260
Inventory 25,529 43,013
Prepaid and other current assets (19,934) (23,814)
Other long-term assets 73 (522)
Interest receivable (1) 104
Deferred revenue (4,850) (9,990)
Accounts payable and other current liabilities (26,394) 11,627
Other long-term liabilities 403 (1,497)
Net cash (used in) provided by operating activities (15,350) 196
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of furniture, fixtures and equipment 0 (23)
Maturities of securities 133,000 96,993
Purchases of securities (99,586) (82,260)
Net cash provided by investing activities 33,414 14,710
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the sale of common stock 122 240
Proceeds from exercise of stock options, net of transaction costs 10 1,878
Taxes paid related to stock-based awards (1,524) (1,694)
Net cash (used in) provided by financing activities (1,392) 424
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 16,672 15,330
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 199,777 218,189
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 216,449 233,519
Cash paid during the year for:    
Income taxes (669) (671)
Supplemental disclosure of non-cash transactions:    
Initial recognition of operating lease right-of-use asset 189 580
Initial recognition of furniture, fixtures and equipment lease $ 0 $ 624