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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 income (loss) $ (207,043) $ (92,534) $ (58,351)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 10,969 10,624 10,251
Accrued interest (95) (2,216) (94)
Asset write-downs and impairment of field equipment 493 955 649
Share-based compensation 115,608 106,955 94,900
Foreign currency remeasurement loss (gain) 161 (3,256) 3,231
Decrease (increase) in accounts receivables and prepaid expenses (29,414) (2,547) (5,270)
Amortization of discount (premium) (23,084) (1,536) 3,101
Decrease (increase) in inventories (8,919) (4,342) 2,483
Decrease (increase) in other long-term assets 4,072 7,107 4,519
Increase (decrease) in accounts payables and accrued expenses 14,869 14,257 27,777
Increase (decrease) in other long-term liabilities (9,781) (7,773) (10,980)
Net cash provided by (used in) operating activities (73,336) 30,788 82,756
Cash flows from investing activities:      
Purchase of property, equipment and field equipment (27,093) (21,358) (24,170)
Proceeds from maturity of short-term investments 1,214,982 1,179,289 958,000
Purchase of short-term investments (1,003,741) (1,297,888) (1,078,664)
Net cash provided by (used in) investing activities 184,148 (139,957) (144,834)
Cash flows from financing activities:      
Proceeds from issuance of shares, net 4,416 5,224 4,546
Repayment of long-term debt (10) (28) (26)
Exercise of options 11,381 10,295 21,182
Net cash provided by (used in) financing activities 15,787 15,491 25,702
Effect of exchange rate changes on cash, cash equivalents and restricted cash 131 (97) (188)
Increase (decrease) in cash, cash equivalents and restricted cash 126,730 (93,775) (36,564)
Cash, cash equivalents and restricted cash at the beginning of the year 115,834 209,609 246,173
Cash, cash equivalents and restricted cash at the end of the year 242,564 115,834 209,609
Cash paid during the year for:      
Income taxes paid (refunded), net 13,665 5,480 3,110
Interest paid 6 41 101
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 240,821 115,326 208,802
Restricted cash 1,743 508 807
Total cash, cash equivalents and restricted cash 242,564 115,834 209,609
Non-cash activities:      
Right-of-use assets obtained in exchange for lease liabilities 18,063 12,117 5,387
Purchase of property incurred but unpaid at period end $ 1,714 $ 0 $ 0