XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities              
Net loss $ (11,206) $ (11,125) $ (18,513) $ (17,410) $ (22,331) $ (35,923)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Stock-based compensation         12,192 11,258  
Depreciation and amortization         2,322 1,505  
Accounts receivable credit losses         103 0 $ 150
Accretion (amortization) of discount and premium on marketable securities         (1,249) 515  
Amortization of debt issuance costs         123 101  
Loss on disposal of property and equipment         340 105  
Changes in operating assets and liabilities:              
Accounts receivable         88 (720)  
Inventory         (3,293) (4,882)  
Prepaid expenses and other assets         262 851  
Accounts payable         (7) 936  
Accrued liabilities and other         (2,893) (2,099)  
Net cash used in operating activities         (14,343) (28,353)  
Cash flows from investing activities              
Maturities of marketable securities         69,000 48,000  
Purchases of marketable securities         (49,723) (55,356)  
Purchases of property and equipment         (5,293) (4,275)  
Net cash provided by (used in) investing activities         13,984 (11,631)  
Cash flows from financing activities              
Proceeds from public offering, net of discounts and commissions         84,137 0  
Proceeds from debt financing         36,000 0  
Repayments of debt financing         (35,275) 0  
Payments of debt issuance costs         (40) 0  
Proceeds from issuance of common stock under employee stock purchase plan         1,471 1,199  
Proceeds from the exercise of stock options         4,035 199  
Net cash provided by financing activities         90,328 1,398  
Effect of exchange rate changes on cash and cash equivalents         129 (514)  
Net increase (decrease) in cash and cash equivalents         90,098 (39,100)  
Cash and cash equivalents at              
Beginning of period   $ 20,717   $ 63,419 20,717 63,419 63,419
End of period $ 110,815   $ 24,319   110,815 24,319 $ 20,717
Supplemental disclosure of non-cash information              
Unpaid purchases of property and equipment         510 1,593  
Unpaid public offering costs         $ 465 $ 0