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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net loss $ (33,630) $ (30,635)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of Private Warrants (9) 1,329
Deferred income tax benefit (243) (109)
Depreciation and amortization 7,641 3,112
Interest expense from financing obligation 1,974 0
Stock-based compensation expense 503 6,035
Rent expense (less than) in excess of payments (5) 26
Changes in operating assets and liabilities:    
Accounts receivable, net (883) (307)
Inventories, net 1,973 (78)
Prepaid expenses and other current assets (2,625) 1,613
Other assets, net 51 (9,230)
Accounts payable 2,804 301
Accrued expenses (2,386) (2,124)
Other current liabilities (157) 0
Other non-current liabilities (10) 2,564
Net cash used in operating activities (25,002) (27,503)
Investing Activities    
Purchases of property and equipment (21,171) (39,018)
Net cash used in investing activities (21,171) (39,018)
Financing Activities    
Proceeds from debt 0 25,902
Repayments of debt (937) 0
Debt issuance costs (895) 0
Payments on financing obligation (82) 0
Proceeds from stock options exercised 63 36
Payments of withholding taxes on restricted stock units (79) (953)
Proceeds from issuance of common stock 46,000 0
Payments for common stock issuance (2,962) 0
Net cash provided by financing activities 41,108 24,985
Change in cash and cash equivalents (5,065) (41,536)
Cash, cash equivalents and restricted cash at the beginning of period 78,532 176,311
Cash, cash equivalents and restricted cash at the end of period 73,467 134,775
Less restricted cash at the end of the period 23,450 37,130
Cash and cash equivalents at the end of the period 50,017 97,645
Non-cash Activities:    
Fixed assets purchases in accounts payable 24,056 5,272
Fixed assets purchases in accrued liabilities 4,108 2,207
Termination of operating leases which decrease operating lease liabilities $ 0 $ 237