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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (54,899) $ (59,296)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,875 2,270
Amortization of investment discount 153 46
Equity-based compensation 19,058 12,291
Amortization of debt discount and issuance costs 9,250 8,256
(Gain) loss on disposal of property and equipment (202) 546
Contributions to deferred compensation plan (343) (248)
Gain on extinguishment of debt (9,840) 0
(Increase) decrease in assets:    
Accounts receivable (719) 532
Inventory and instruments in property and equipment (527) (1,734)
Prepaid expense and other 860 (1,267)
Increase (decrease) in liabilities:    
Accounts payable 1,017 76
Accrued liabilities, and other (436) (759)
Accrued interest (1,059) (1,071)
Deferred revenue and income 93 67
Deferred compensation 343 240
Net cash used in operating activities (35,376) (40,051)
Cash flows from investing activities:    
Purchases of equipment (202) (1,364)
Purchases of marketable securities (22,345) (44,589)
Maturities of marketable securities 33,601 41,707
Net cash provided by (used in) investing activities 11,054 (4,246)
Cash flows from financing activities:    
Proceeds from issuance of common and preferred stock 22,640 0
Proceeds from exercise of options 1,456 4,458
Proceeds from issuance of common stocks under employee purchase plan 245 296
Proceeds from debt 0 5,552
Payment of debt (6) (13)
Net cash provided by financing activities 24,335 10,293
Effect of exchange rate on cash (69) 19
Decrease in cash and cash equivalents (56) (33,985)
Cash and cash equivalents, beginning of period 35,781 61,014
Cash and cash equivalents, end of period 35,725 27,029
Non-cash investing activities:    
Net transfer of instruments from inventory to property and equipment 508 1,284
Supplemental cash flow information:    
Interest paid 4,288 4,288
Income taxes paid, net of refunds 0 46
Extinguishment of Convertible Senior Notes through issuance of common stock $ 34,545 $ 0