XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (25,998) $ (12,916)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 2,806 1,935
Interest expense on financing liability 2,371  
Depreciation and amortization 1,324 655
Amortization of right-of-use assets 289 309
Interest expense on promissory notes 116 1,028
Gain on foreign currency translation (1,983) (3,838)
Changes in operating assets and liabilities:    
Accounts receivable, net (4,829) 645
Inventory (892) (77)
Prepaid expenses and other current assets (470) 356
Other assets (320) (97)
Accounts payable 1,745 1,124
Accrued expenses and other current liabilities 510 8,288
Deferred revenue 7,053 (7,431)
Operating lease liabilities (572) (333)
Recognized loss on purchase commitments (1,502) (2,379)
Customer deposits 2,104  
Net cash used in operating activities (18,248) (12,731)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of debt securities (55,988) (30,442)
Proceeds from maturity of debt securities 26,538  
Purchase of property and equipment (5,056) (976)
Purchase of available-for-sale securities (5,000)  
Net cash used in investing activities (39,506) (31,418)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the Senior convertible notes   230,000
Issuance costs associated with Senior convertible notes   (7,268)
Payment of employment taxes related to vested restricted stock units and exercise of stock options 129 397
Proceeds from market price stock purchase plan 684 0
Net cash provided by financing activities 813 224,977
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (56,941) 180,828
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 124,184 67,163
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 67,243 247,991
SUPPLEMENTAL CASH FLOWS DISCLOSURES:    
Interest paid in cash 3,600 1,094
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Reclassification of investments from long-term to current 14,813  
Common stock issuance to settle employee stock purchase plan liability 740 390
Non-cash construction in progress and property and equipment $ 383 124
Reclassification of the PPP Loan from current to long-term   609
2024 Convertible Notes    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Payment of 2024 convertible notes through common stock issuance   5,000
Payment of interest through common stock issuance   143
Mann Group    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Payment of convertible notes through common stock issuance   9,573
Payment of interest through common stock issuance   427
At The Market Issuance    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from at-the-market offering   1,886
Issuance costs associated with at-the-market offering   $ (38)