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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (137,464) $ (77,329)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,493 815
Amortization of debt discount and debt issuance costs 6,052 1,248
Changes in deferred tax 26,025 (15,666)
Share-based compensation expense 7,013 8,872
Other adjustments 2,042 1,055
Net changes in assets and liabilities    
Prepaid expenses and other current assets 30,815 (439)
Research and development tax credit receivable 30 2,796
Accounts payable & other current liabilities (3,108) 4,232
Accrued expenses 227 895
Other assets and liabilities (3,429) (3,789)
Net cash used in operating activities (70,304) (77,310)
Cash flows from investing activities:    
Purchases of property and equipment (716) (26)
Proceeds from the disposition of the Hospital Products 0 16,500
Proceeds from sales of marketable securities 83,828 102,224
Purchases of marketable securities (3,414) (61,769)
Net cash provided by investing activities 79,698 56,929
Cash flows from financing activities:    
Payments for debt issuance costs (4,804) 0
Payments for extinguishment of February 2023 Notes (8,653) 0
Proceeds from stock option exercises and employee share purchase plan 2,682 263
Proceeds from issuance of shares off the at-the-market offering program 25,318 0
Net cash provided by financing activities 14,543 263
Effect of foreign currency exchange rate changes on cash and cash equivalents (664) (896)
Net change in cash and cash equivalents 23,273 (21,014)
Cash and cash equivalents at January 1 50,708 71,722
Cash and cash equivalents at December 31 73,981 50,708
Supplemental disclosures of cash flow information:    
Income taxes (refunded) paid, net (29,058) 76
Interest paid $ 9,660 $ 6,469