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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net loss $ (84,305) $ (88,326) $ (64,028)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,602 2,561 2,196
Amortization of investment discount (427) (621) 326
Equity-based compensation expense 12,618 14,422 13,933
Amortization of debt discount and issuance costs 9,969 6,849 0
Loss on disposal of property and equipment 837 678 240
(Increase) decrease in assets:      
Accounts receivable (1,362) 86 (1,912)
Inventory (3,655) (4,223) (7,759)
Prepaid expense and other assets (752) (250) (459)
Increase (decrease) in liabilities:      
Accounts payable 988 (748) 1,064
Accrued liabilities (1,327) 1,426 596
Accrued interest 0 1,262 0
Deferred revenue and income 54 (904) 36
Deferred compensation (34) 32 21
Net cash used in operating activities (64,794) (67,756) (55,746)
Cash flows from investing activities:      
Purchases of equipment (330) (998) (2,966)
Purchase of marketable securities (50,226) (120,556) (82,333)
Proceeds from sales of marketable securities 14,500 3,000 11,522
Maturities of marketable securities 88,867 98,416 48,049
Net cash provided by (used in) investing activities 52,811 (20,138) (25,728)
Cash flows from financing activities:      
Proceeds from issuance of common stock 1,458 583 83,821
Proceeds from exercise of options and warrants 5,365 3,749 6,606
Proceeds from issuance of convertible note 0 171,500 0
Prepayment of forward stock repurchase transaction 0 (45,069) 0
Payment of debt issuance costs 0 (4,992) 0
Net cash provided by financing activities 6,823 125,771 90,427
Effect of exchange rate on cash (86) (130) 316
Increase (decrease) in cash and cash equivalents (5,246) 37,747 9,269
Cash and cash equivalents, beginning of period 66,260 28,513 19,244
Cash and cash equivalents, end of period 61,014 66,260 28,513
Non-cash investing activities:      
Transfer of instruments from inventory to property and equipment 3,361 4,767 0
Supplemental Cash Flow Information [Abstract]      
Interest paid 4,288 2,001 0
Income taxes paid, net of refunds $ 41 $ 651 $ 0