XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (27,939) $ (18,439)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 4,279 3,382
Noncash operating lease cost 1,048 673
Stock-based compensation expense 4,761 3,657
Loss on debt extinguishment   1,704
Change in fair value of convertible preferred stock warrant liability   1,403
Accretion of noncash interest and debt reduction   156
Other 63 73
Changes in operating assets and liabilities    
Accounts receivable (2,603) (75)
Inventory and other deferred costs (1,662) (1,173)
Prepaid expenses and other current assets (2,065) (3,410)
Accounts payable (1,628) 474
Accrued and other current liabilities 1,174 988
Contract liabilities (15,383) (9,170)
Operating lease liabilities (637) (717)
Other long-term liabilities 471  
Net cash used in operating activities (40,121) (20,474)
Cash flows from investing activities:    
Purchases of available-for-sale debt securities (80,104) (40,262)
Proceeds from maturities of available-for-sale debt securities 80,510  
Purchases of property and equipment (2,409) (6,469)
Net cash used in investing activities (2,003) (46,731)
Cash flows from financing activities:    
Proceeds from public offerings, net of underwriting discounts and commissions 117,500 144,025
Payments of costs related to public offerings (93) (3,950)
Proceeds from borrowings   20,000
Payments of borrowing costs   (490)
Repayments under borrowing arrangements   (25,000)
Debt extinguishment costs   (794)
Proceeds from exercise of common stock warrants   8
Proceeds from exercise or settlement of equity awards 2,920 678
Net cash provided by financing activities 120,327 134,477
Effect of exchange rates on cash flows and cash equivalents (4) (3)
Net change in cash and cash equivalents 78,199 67,269
Cash and cash equivalents, beginning of period 55,046 19,744
Cash and cash equivalents, end of period $ 133,245 $ 87,013