Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (17,823) $ (23,533)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2,660 2,182
Amortization of right-of-use assets 826 1,303
Amortization of intangible assets 214 198
Amortization of debt discount and deferred financing fees 666 667
(Recovery of) provision for bad debt (311) 566
Provision for inventory write-down 1,841 1,381
Change in fair value of derivatives (649) (1,155)
Investment (gains) loss (660) 44
Stock-based compensation 13,091 11,437
Change in operating assets and liabilities:    
Accounts receivable (766) (3,695)
Inventory (5,955) (3,804)
Prepaid expenses and other (623) (828)
Accounts payable and accrued expenses 3,012 (870)
Operating lease obligations (1,012) (1,320)
Cash paid for interest portion of finance leases (2) (1)
Contract and other liabilities (14) 0
Net cash used in operating activities (5,505) (17,428)
Cash flows from investing activities:    
Purchase of property and equipment (12,409) (13,456)
Purchase of investments (10,203) (24,607)
Proceeds from sale of investments 42,874 37,100
Cash payments for intangible assets (732) (1,028)
Net cash provided by (used in) investing activities 19,530 (1,991)
Cash flows from financing activities:    
Cash paid for debt portion of finance leases (7) (9)
Proceeds from exercise of stock options and ESPP stock purchases 1,543 990
Net cash provided by financing activities 1,536 981
Net increase (decrease) in cash, cash equivalents, and restricted cash 15,561 (18,438)
Cash, cash equivalents, and restricted cash, beginning of period 21,535 39,007
Cash, cash equivalents, and restricted cash, end of period 37,096 20,569
Supplemental disclosures of cash flow activity:    
Cash paid for interest, net of capitalized interest 325 0
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of fixed assets in accounts payable and accrued expenses 853 2,090
Obtaining a right-of-use asset in exchange for a lease liability 366 920
Obtaining of property and equipment in exchange for a lease liability 0 22
Acquisition of intangible assets in accounts payable and accrued expenses $ 420 $ 177