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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 income (loss) $ 20,166 $ (13,339)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock-based compensation 15,540 13,836
Interest on liability for sale of future royalties 12,720  
Loss on extinguishment of debt 7,050  
Depreciation and amortization 5,211 3,310
Write-off of inventory 1,909 3,659
Loss (gain) on available-for-sale securities 1,550 (932)
Loss on estimated returns of acquired product 1,444  
Amortization of debt discount and issuance costs 1,333 1,570
Amortization of right-of-use assets 1,140 978
Loss (gain) on foreign currency transaction 526 (860)
Other, net 49 13
Sold portion of royalty revenue (7,533)  
Gain on bargain purchase (5,259)  
Net accretion of investments (3,765) (420)
Changes in operating assets and liabilities:    
Accounts receivable, net (3,728) (5,021)
Inventory (27) (9,004)
Prepaid expenses and other current assets (6,442) (8,516)
Other assets (2,821) (35)
Accounts payable (3,136) 5,702
Accrued expenses and other current liabilities (4,809) (3,824)
Deferred revenue (7,211) 33,722
Recognized loss on purchase commitments (2,689) (6,810)
Operating lease liabilities (1,407) (1,778)
Net cash provided by operating activities 19,867 12,416
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of held-to-maturity debt securities (273,789) (50,516)
Proceeds from held-to-maturity debt securities 135,317 92,608
Purchase of property and equipment (6,797) (36,567)
Proceeds from insurance claim 396 382
Net cash (used in) provided by investing activities (144,873) 5,907
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal and early extinguishment payments on MidCap credit facility (36,617) (1,667)
Principal and early extinguishment payments on Mann Group convertible note (8,854)  
Payments for taxes related to net issuance of common stock associated with restricted stock units and stock options (6,178) (10,200)
Proceeds from market price stock purchase plan and employee stock purchase plan 2,320 1,075
Milestone payment (752) (924)
Principal payments on financing liability (282) (137)
Principal payments on financing lease liability (3)  
Net cash used in financing activities (50,366) (5,074)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (175,372) 13,249
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 238,480 69,767
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 63,108 83,016
SUPPLEMENTAL CASH FLOWS DISCLOSURES:    
Interest paid in cash 13,616 7,978
Income taxes paid in cash 1,961  
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Assumption of right-of-use-asset and operating lease liability 10,057  
Non-cash acquisition of intangible asset 4,300  
Amortization of liability for sale of future royalties 2,912  
Non-cash construction in progress, property and equipment 1,486 2,490
Non-cash acquisition of property and equipment 959  
Addition of right-of-use-asset and financing lease liability 226  
Right-of-use asset modification 0 728
Goodwill adjustment for a net reduction in liabilities   497
The Mann Group L L C    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Interest on Mann Group convertible note 56 165
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Payments of Mann Group principal and interest through common stock issuances $ 3,806 165
At The Market Issuance    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from at-the-market offering   6,887
Issuance costs associated with at-the-market offering   $ (108)