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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (97,045) $ (374,110)
Adjustments to reconcile net loss to net cash used in operating activities:    
Goodwill impairment charges 0 166,675
Depreciation and amortization 9,836 17,148
Loss on write-off and disposal of property and equipment and right-of-use asset impairment 401 1,673
Gain on lease termination 0 (807)
Stock-based compensation 40,459 57,725
Reduction of revenue related to stock warrant issued to customer 892 528
Amortization of right-of-use asset 4,904 4,519
Interest expense and loss on debt extinguishment 0 4,001
Amortization of debt issuance costs and debt discount 0 190
Non-cash interest income (619) (732)
Accretion or amortization on short-term investments (5,095) (4,685)
Change in fair value of warrant liabilities (103) 49
Inventory write down 2,080 10,047
Provision (recovery of) for doubtful accounts (587) 1,346
Realized gain on sale of investments (275) 0
Changes in operating assets and liabilities:    
Accounts receivable (1,724) 3,574
Inventory 4,735 (4,047)
Prepaid expenses and other assets 21,317 (21,575)
Accounts payable 2,476 (8,520)
Accrued and other liabilities (28,059) 8,081
Contract liabilities 19,036 6,597
Operating lease liability (6,323) (5,567)
Net cash used in operating activities (33,694) (137,890)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of property & equipment 668 560
Purchases of property and equipment (3,756) (3,006)
Purchase of short-term investments (144,573) (137,104)
Proceeds from sales of short-term investments 162,313 158,014
Cash and cash equivalents acquired in the Velodyne Merger 0 32,137
Net cash provided by investing activities 14,652 50,601
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 205 271
Proceeds from ESPP purchase 1,703 1,174
Proceeds from borrowings, net of debt discount and issuance costs 0 43,975
Repayments of borrowings (43,975) (43,975)
Proceeds from the issuance of common stock under at-the-market offering, net of commissions and fees 57,806 14,575
At-the-market offering costs for the issuance of common stock (346) (363)
Net cash provided by financing activities 15,393 15,657
Effect of exchange rates on cash and cash equivalents (887) (12)
Net increase decrease in cash, cash equivalents and restricted cash (4,536) (71,644)
Cash, cash equivalents and restricted cash at beginning of year 52,634 124,278
Cash, cash equivalents and restricted cash at end of year 48,099 52,634
SUPPLEMENTAL DISCLOSURES OF OPERATING ACTIVITIES:    
Cash paid for interest 2,073 5,115
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Property and equipment purchases included in accounts payable and accrued liabilities 480 524
Common stock shares issued in the Velodyne Merger 0 297,425
Common stock warrants issued in the Velodyne Merger $ 0 $ 9,177