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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 $ (15,641) $ (12,284)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 635 865
Stock-based compensation 5,669 6,426
Non-cash operating lease cost 471 396
Changes in valuation of warrant investment   281
Net gain on sale of available-for-sale securities 3 26
Unrealized gain on investments (53) (820)
Impairment of long-lived assets   542
Non-cash interest expense 118 166
Foreign currency remeasurement (gain) loss (767) 287
Changes in operating assets and liabilities:    
Accounts receivable 9,157 (564)
Inventories (5,996) (834)
Prepaid and other assets (1,435) (4,111)
Accounts payable 4,831 (4,121)
Accrued liabilities and other non-current liabilities (6,596) (8,296)
Deferred product revenue 1,104 585
Net cash used in operating activities (8,500) (21,456)
Investing activities    
Capital expenditures (1,524) (113)
Purchases of investments (562) (642)
Proceeds from maturities and sale of investments 440 9,377
Net cash (used in) provided by investing activities (1,646) 8,622
Financing activities    
Net proceeds from equity incentives 492 2,135
Net costs from public offerings (72)  
Net proceeds on revolving line of credit 3,091 314
Repayment of loans (1,450)  
Net cash provided by financing activities 2,061 2,449
Effect of exchange rates on cash, cash equivalents, and restricted cash 116 (284)
Net decrease in cash, cash equivalents, and restricted cash (7,969) (10,669)
Cash, cash equivalents and restricted cash, beginning of period 37,358 51,044
Cash, cash equivalents and restricted cash, end of period $ 29,389 $ 40,375