XML 18 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net loss $ (54,880) $ (169,253)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on forward sale of Series B Preferred Stock 0 60,081
Loss on bridge loans 0 13,719
Stock-based compensation expense 9,648 13,199
Amortization of developed technology 8,400 8,728
Depreciation and amortization 2,874 2,680
Provision for excess and obsolete inventory 963 7,239
Impairment of InstruNor developed technology intangible 0 3,526
Amortization of debt discounts, premiums and issuance costs 597 628
Other non-cash items (224) 165
Changes in assets and liabilities:    
Accounts receivable, net 677 1,123
Inventories, net (3,258) (7,810)
Prepaid expenses and other assets 749 (83)
Accounts payable (484) (1,501)
Accrued compensation and related benefits 1,366 5,561
Deferred revenue 218 (2,408)
Other liabilities 4,128 (5,783)
Net cash used in operating activities (29,226) (70,189)
Investing activities    
Purchases of short-term investments (55,857) (137,302)
Proceeds from sales and maturities of investments 91,964 12,000
Purchases of property and equipment (2,753) (3,070)
Net cash provided by (used in) investing activities 33,354 (128,372)
Financing activities    
Proceeds from bridge loans 0 25,000
Proceeds from issuance of Series B Preferred Stock 0 225,000
Repayment of term loan and advances under revolving credit facility (833) (6,838)
Payment of debt and equity issuance costs 0 (12,547)
Proceeds from exercise of stock options 80 97
Repurchase of common stock (5,240) 0
Proceeds from ESPP stock issuance 326 497
Payments for taxes related to net share settlement of equity awards and other (139) (181)
Net cash provided by (used in) financing activities (5,806) 231,028
Effect of foreign exchange rate fluctuations on cash and cash equivalents (196) (719)
Net increase (decrease) in cash, cash equivalents and restricted cash (1,874) 31,748
Cash, cash equivalents and restricted cash at beginning of period 82,324 29,467
Cash, cash equivalents and restricted cash at end of period 80,450 61,215
Supplemental disclosures of cash flow information    
Cash paid for interest 2,171 1,847
Cash paid for income taxes, net of refunds 629 248
Non-cash right-of-use assets and lease liabilities 226 503
Asset retirement obligations $ 739 $ 703