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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net loss $ (126,412) $ (134,568)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,832 3,160
Stock-based compensation 9,778 5,143
Foreign currency transaction loss 390 2,087
Fair value adjustment of earnout liability (1,720) (6,029)
Loss on issuance of July 2024 warrants 567 0
Issuance costs, July 2024 warrants 680 0
Impairment and losses of investments 9,145 172
Inventory write-downs 18,468 4,781
Impairment of property and equipment 11,178 2,119
Gain on sales of property and equipment 147 0
Gain on lease termination (2,096) 0
Gain on disposal of auctioned assets (1,721) 0
Gain on deconsolidation of subsidiary, net of cash disposed (4,292) 0
Accretion of discount on available-for-sale debt securities 0 (1,452)
Restructuring and related charges 1,272 4,885
Other (34) 0
Changes in operating assets and liabilities:    
Accounts receivable 281 (264)
Unbilled receivable 1,561 0
Inventory 2,247 (9,411)
Prepaid expenses and other current assets 2,460 4,087
Other assets 249 343
Accounts payable 445 (9,176)
Accrued liabilities (6,686) (2,763)
Related party payables, net 599 6,023
Contract liabilities (7,005) 3,089
Other liabilities (70) 16,263
Net cash used in operating activities (87,969) (112,072)
Cash Flows from Investing Activities:    
Purchases of property and equipment (2,858) (5,951)
Proceeds from sales of property and equipment and other auctioned assets 4,959 0
Purchases of short-term investments (30,000) (16,594)
Proceeds from maturities of short-term investments 30,000 134,905
Proceeds from sale of short-term investments 0 50,021
Net cash provided by investing activities 2,101 162,381
Cash Flows from Financing Activities:    
Exercise of stock options 0 18
Payment of finance lease liability 0 (237)
Proceeds from issuance of common stock and warrants, net of issuance cost 3,820 0
Net share settlement of equity awards (1,184) (152)
Net cash provided by (used in) financing activities 2,636 (371)
Effect of exchange rate changes on cash (345) (377)
Net change in cash, cash equivalents, and restricted cash (83,577) 49,561
Cash, cash equivalents, and restricted cash — Beginning 118,101 66,790
Cash, cash equivalents, and restricted cash — Ending 34,524 116,351
Private Placement    
Adjustments to reconcile net loss to net cash used in operating activities:    
Fair value adjustment of private placement warrant liability 0 (561)
July 2024 warrant liability    
Adjustments to reconcile net loss to net cash used in operating activities:    
Fair value adjustment of private placement warrant liability $ (232) $ 0