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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net loss $ (21,984) $ (18,322)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 2,973 2,076
Stock-based compensation 22,173 18,031
Accretion of discount or amortization of premium on investments 419 468
Amortization of debt issuance costs 806 188
Induced conversion expense related to convertible notes 2,232  
Changes in operating assets and liabilities:    
Accounts receivable (4,679) (973)
Inventory (10,089) 12,265
Prepaid expenses and other assets 1,463 (186)
Accounts payable (2,201) (3,053)
Accrued compensation and employee related benefits (437) 422
Accrued and other liabilities 366 364
Operating lease right-of-use assets 1,623 1,458
Operating lease liabilities (2,034) (1,834)
Restructuring liabilities (472) 630
Deferred revenue 2,202 (6,553)
Net cash provided by (used in) operating activities (7,639) 4,981
Investing activities:    
Purchases of investments (115,697) (19,825)
Proceeds from maturities of investments 46,805 41,000
Purchases of property and equipment (3,724) (7,858)
Net cash provided by (used in) investing activities (72,616) 13,317
Financing activities:    
Principal payments on finance lease obligations   (2)
Proceeds from exercise of stock options and employee stock purchase plan 6,496 9,243
Net cash provided by (used in) financing activities (11,068) 9,241
Net increase (decrease) in cash and cash equivalents (91,323) 27,539
Cash and cash equivalents    
Beginning of period 123,903 23,636
End of period 32,580 51,175
Supplemental disclosure of cashflow information:    
Cash paid for interest 1,803 863
Purchases of property and equipment not yet paid 891 $ 5,069
2019 Notes    
Financing activities:    
Payment of 2019 Notes $ (17,564)