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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (78,719) $ (71,129)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,741 2,103
Impairment of inventories 559 102
Change in fair value of warrant liability (3,080) (28)
Stock-based compensation 10,625 13,004
Amortization of right-of-use assets 1,703 1,498
Amortization of premium and accretion of discount on available-for-sale securities, net (2,096) (1,420)
Other 118 0
Changes in operating assets and liabilities:    
Accounts receivable (216) 2,019
Inventories (1,184) 61
Other current assets (3,156) (352)
Other noncurrent assets 317 (5)
Accounts payable 199 85
Accrued liabilities 288 (6,738)
Accrued employee costs (2,999) (1,205)
Lease liability (1,749) (1,459)
Other current liabilities 16,522 45
Net cash used in operating activities (60,127) (63,419)
Cash flows from investing activities:    
Purchase of property, plant and equipment (2,427) (2,388)
Purchase of available-for-sale securities (52,072) (74,126)
Proceeds from maturities of available-for-sale securities 99,940 107,094
Net cash provided by investing activities 45,441 30,580
Cash flows from financing activities:    
Payments of taxes withheld on net settled vesting of restricted stock units (293) (20)
Proceeds from exercise of stock options 54 116
Net cash (used in) provided by financing activities (239) 96
Net decrease in cash and cash equivalents (14,925) (32,743)
Beginning cash and cash equivalents 38,547 67,420
Ending cash and cash equivalents 23,622 34,677
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes (66) 0
Supplemental disclosures of non-cash investing and financing activities:    
Unpaid property, plant and equipment purchases $ 113 $ 812