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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (33,565) $ (53,331)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 90 127
Accretion of investments (4,163) (2,583)
Stock-based compensation 14,303 10,999
Amortization of intangible asset 2,186 2,104
Changes in assets and liabilities:    
Accounts receivable, net 20,921 8,590
Inventory 38,208 46,099
Prepaid and other current assets 4,471 28
Other long-term assets 110 (313)
Interest receivable (250) 204
Deferred revenue (4,850) (10,372)
Accounts payable and other current liabilities (55,382) 7,386
Other long-term liabilities 211 (1,413)
Net cash (used in) provided by operating activities (17,710) 7,525
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of furniture, fixtures and equipment 0 (24)
Maturities of securities 185,800 160,997
Purchases of securities (208,937) (115,496)
Net cash (used in) provided by investing activities (23,137) 45,477
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 1,880
Taxes paid related to stock-based awards (1,592) (1,973)
Net cash (used in) provided by financing activities (1,460) 147
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (42,307) 53,149
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 199,777 218,189
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 157,470 271,338
Cash paid during the year for:    
Income taxes (2,045) (1,103)
Supplemental disclosure of non-cash transactions:    
Initial recognition of operating lease right-of-use asset 1,068 430
Initial recognition of furniture, fixtures and equipment lease $ 0 $ 624