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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (15,697) $ (9,953)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 1 33
Accretion of investments (1,216) (1,547)
Stock-based compensation 4,327 5,218
Amortization of intangible asset 729 729
Changes in assets and liabilities:    
Accounts receivable, net 15,545 17,757
Inventory 13,894 6,726
Prepaid and other current assets (12,577) 3,476
Other long-term assets 39 36
Interest receivable 450  
Deferred revenue   (401)
Accounts payable and other current liabilities (17,541) (34,896)
Other long-term liabilities (413) 221
Net cash used in operating activities (12,459) (12,601)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities of securities 55,000 62,000
Purchases of securities (42,936) (33,281)
Net cash provided by investing activities 12,064 28,719
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options   10
Taxes paid related to stock-based awards (1,119) (1,436)
Net cash used in financing activities (1,119) (1,426)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (1,514) 14,692
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 121,338 199,777
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 119,824 214,469
Cash paid during the year for:    
Income taxes 22 29
Supplemental disclosure of non-cash transactions:    
Initial recognition of operating lease right-of-use asset $ 1,837 $ 81