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CONDENSED COMBINED STATEMENTS OF CASH FLOWS
$ in Thousands
9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
OPERATING ACTIVITIES:    
Net loss $ (46,051) $ (35,560)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 12,838 10,280
Instrument replacement expense 4,549 2,665
Provision for excess and obsolete inventories 3,649 3,891
Deferred Income Tax Expense (Benefit) (1,089) 0
Stock-based compensation 10,172 8,791
Gain on forgiveness of Paycheck Protection Program Loan 0 (6,173)
Other 112 429
Changes in assets and liabilities, net of the effects from acquisition:    
Accounts receivable (3,520) (753)
Inventories (13,647) (17,995)
Prepaid expenses and other current assets (830) 248
Long-term Trade Receivable (4,568) 0
Other non-current assets (133) 220
Accounts payable 1,432 9,729
Accrued commissions 2,577 1,053
Other accrued expenses and current liabilities 886 1,405
Other non-current liabilities (563) (607)
Net cash used in operating activities (34,186) (22,377)
INVESTING ACTIVITIES:    
Purchases of property and equipment (25,043) (16,894)
Additions to technology assets 700 1,161
Acquisitions 0 (28,331)
Net cash used in investing activities (25,743) (46,386)
FINANCING ACTIVITIES:    
Borrowings under credit facility 25,000 20,000
Repayments of credit facility 0 (20,000)
Debt issuance costs 0 (45)
Proceeds from issuance of common stock- employee stock purchase plan 964 1,016
Proceeds from exercise of stock options 31 1,996
Proceeds from issuance of common stock, net of offering costs 0 94,531
Repurchases of common stock for income tax withheld upon vesting of restricted stock awards and restricted stock units (1,888) (2,781)
Payment of contingent royalty consideration liabilities in connection with acquisition of business (39) (33)
Net cash provided by financing activities 24,068 94,684
Net change in cash and cash equivalents (36,343) 25,620
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 46,763  
Cash and cash equivalents at end of period   102,433
Cash and cash equivalents at beginning of period   76,813
Supplemental cash flow information:    
Interest paid 114 253
Income taxes paid 130 148
Noncash Investing and Financing Items [Abstract]    
Purchases of property and equipment in liabilities 3,507 4,648
Intangible assets payments in liabilities 0 200
Issuance of common stock - Acquisition 0 61,048
Exchangeable shares - Acquisition 0 26,505
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ (482) $ (301)