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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (37,574) $ (33,565)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation and amortization 3 90
Accretion of investments (3,019) (4,163)
Stock-based compensation 12,322 14,303
Amortization of intangible asset 2,323 2,186
Changes in assets and liabilities:    
Accounts receivable, net (5,030) 20,921
Inventory 36,979 38,208
Prepaid and other current assets (17,260) 4,471
Other long-term assets 104 110
Interest receivable 449 (250)
Deferred revenue   (4,850)
Accounts payable and other current liabilities 2,284 (55,382)
Other long-term liabilities (131) 211
Net cash used in operating activities (8,550) (17,710)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities of securities 162,300 185,800
Purchases of securities (149,955) (208,937)
Net cash provided by (used in) investing activities 12,345 (23,137)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under employee stock purchase plan 57 122
Proceeds from exercise of stock options   10
Taxes paid related to stock-based awards (2,087) (1,592)
Net cash used in financing activities (2,030) (1,460)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 1,765 (42,307)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 121,338 199,777
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 123,103 157,470
Cash paid during the year for:    
Income taxes (148) (2,045)
Supplemental disclosure of non-cash transactions:    
Initial recognition of operating lease right-of-use asset $ 856 $ 1,068