XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (17,410) $ (12,242)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 5,507 4,030
Depreciation and amortization 713 340
Accretion of discount on marketable securities 244 331
Amortization of debt issuance costs 51 88
Loss on sale and disposal of property and equipment 31 104
Changes in operating assets and liabilities:    
Accounts receivable 1,603 581
Inventory (3,178) (1,725)
Prepaid expenses and other assets 12 20
Accounts payable 2,086 1,059
Accrued liabilities and other (3,171) (1,945)
Net cash used in operating activities (13,512) (9,359)
Cash flows from investing activities    
Maturities of marketable securities 25,000 33,200
Purchases of marketable securities (45,334) (38,346)
Purchases of property and equipment (2,274) (1,976)
Net cash used in investing activities (22,608) (7,122)
Cash flows from financing activities    
Proceeds from the exercise of stock options 169 601
Net cash provided by financing activities 169 601
Effect of exchange rate changes on cash and cash equivalents (139) (337)
Net decrease in cash and cash equivalents (36,090) (16,217)
Cash and cash equivalents at    
Beginning of period 63,419 53,581
End of period 27,329 37,364
Supplemental disclosure of non-cash information    
Vesting of early exercised stock options 0 9
Unpaid purchases of property and equipment $ 241 $ 1,195