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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net loss $ (239,238) $ (187,134) $ (130,403)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 62,620 37,726 20,803
Amortization of intangible asset 6,375 4,139  
Amortization of debt discount 2,574 1,483 1,077
Depreciation 459 263 76
Loss in fair value of contingent consideration 48,918 3,298  
Non-cash lease expense 1,450 1,162 1,079
Change in operating lease liability 154 (1,118) (1,182)
Changes in operating assets and liabilities:      
Accounts receivable, net (57,121) (37,699)  
Inventories, net (8,156) (1,331)  
Prepaid expenses and other current assets (5,335) (2,735) 103
Non-current inventory and other assets 3,694 (3,944) (6)
Accounts payable 2,074 25,456 (355)
Accrued expenses and other current liabilities 36,452 43,923 582
Net cash used in operating activities (145,080) (116,511) (108,226)
Cash flows from investing activities      
Purchases of equipment (582) (702) (308)
Cash paid for business combination   (53,000)  
Net cash used in investing activities (582) (53,702) (308)
Cash flows from financing activities      
Proceeds from draw down of debt 85,000 45,000  
Payment of debt issuance costs (1,442) (487) (309)
Proceeds from issuance of common stock upon financing 258,750 243,763 7,436
Cash paid for common stock issuance costs (15,668) (6,975) (223)
Proceeds from issuance of common stock upon exercise of options 12,419 6,251 4,402
Payment of contingent consideration (6,211) (2,438)  
Payments of tax withholdings on stock award (1,835) (532) (176)
Net cash provided by financing activities 331,013 284,582 11,130
Net (decrease) increase in cash 185,351 114,369 (97,404)
Cash at beginning of period 200,842 86,473 183,877
Cash at end of period 386,193 200,842 86,473
Supplemental disclosures of cash flow information:      
Interest paid 16,730 7,686 $ 4,625
Operating lease right-of-use asset obtained in exchange for operating lease liability 7,802 561  
Supplemental non-cash investing activities:      
Fair value of contingent consideration in a business combination 79,707 37,000  
Supplemental disclosures of non-cash financing activity:      
Issuance of warrants in connection with debt financing $ 1,635 $ 0