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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (78,208) $ (84,305) $ (88,326)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,997 2,602 2,561
Amortization of investment discount 99 (427) (621)
Equity-based compensation expense 16,464 12,618 14,422
Amortization of debt discount and issuance costs 11,168 9,969 6,849
Realized loss on available-for-sale securities 3 0 0
Loss on disposal of property and equipment 785 837 678
(Increase) decrease in assets:      
Contributions to deferred compensation plan (357) 0 0
Accounts receivable 1,592 (1,362) 86
Inventory (1,356) (3,655) (4,223)
Prepaid expense and other assets (2,087) (752) (250)
Increase (decrease) in liabilities:      
Accounts payable (1,006) 988 (748)
Accrued liabilities (909) (1,327) 1,426
Accrued interest 0 0 1,262
Deferred revenue and income 105 54 (904)
Deferred compensation 316 (34) 32
Net cash used in operating activities (50,394) (64,794) (67,756)
Cash flows from investing activities:      
Purchases of equipment (1,362) (330) (998)
Purchase of marketable securities (46,933) (50,226) (120,556)
Proceeds from sales of marketable securities 0 14,500 3,000
Maturities of marketable securities 61,901 88,867 98,416
Net cash provided by (used in) investing activities 13,606 52,811 (20,138)
Cash flows from financing activities:      
Proceeds from issuance of common stock 359 1,458 583
Proceeds from exercise of options and warrants 6,062 5,365 3,749
Proceeds from issuance of convertible note 0 0 171,500
Proceeds from debt 5,578 0 0
Payment of debt (366) 0 0
Prepayment of forward stock repurchase transaction 0 0 (45,069)
Payment of debt issuance costs 0 0 (4,992)
Net cash provided by financing activities 11,633 6,823 125,771
Effect of exchange rate on cash (78) (86) (130)
(Decrease) increase in cash and cash equivalents (25,233) (5,246) 37,747
Cash and cash equivalents, beginning of period 61,014 66,260 28,513
Cash and cash equivalents, end of period 35,781 61,014 66,260
Non-cash investing activities:      
Net transfer of instruments from inventory to property and equipment 1,525 3,361 4,767
Supplemental cash flow information:      
Interest paid 4,288 4,288 2,001
Income taxes paid, net of refunds $ 43 $ 41 $ 651