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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net loss $ (21,164) $ (9,687)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,413 3,012
Stock-based compensation 3,634 2,867
Deferred income tax expense (benefit) 562 66
Provision for excess and obsolete inventory 344 229
Loss on disposal of assets 69 112
Provisions for bad debts, net of recoveries 33 16
Decrease (Increase) in:    
Accounts receivable 2,378 1,449
Inventories (1,530) (2,065)
Prepaid expenses and other current assets (4,219) (3,313)
(Decrease) Increase in:    
Accounts payable and accrued liabilities (2,450) (1,682)
Income taxes payable (102) 1,261
Customer deposits (433) 492
Unearned service revenues 121 206
Net cash used in operating activities (18,344) (7,037)
Investing activities:    
Purchases of property and equipment (1,688) (2,442)
Purchases of short-term investments (20,024) 0
Cash paid for technology development, patents and licenses (1,820) (2,612)
Net cash used in investing activities (23,532) (5,054)
Financing activities:    
Payments on finance leases (44) (58)
Payments for taxes related to net share settlement of equity awards 14  
Payments for taxes related to net share settlement of equity awards   (916)
Proceeds from issuance of 5.50% Convertible Senior Notes, due 2028, net of discount, issuance cost and accrued interest 72,310 0
Net cash provided by (used in) financing activities 72,280 (974)
Effect of exchange rate changes on cash and cash equivalents 348 (1,732)
Increase (Decrease) in cash and cash equivalents 30,752 (14,797)
Cash and cash equivalents, beginning of period 37,812 121,989
Cash and cash equivalents, end of period $ 68,564 $ 107,192