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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net loss $ (31,054) $ (25,777)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 176 186
Stock-based compensation expense 3,317 2,903
Amortization of debt issuance costs 255 232
Amortization of premium/discount on investments (62) 76
Change in fair value of foreign currency derivative (406) 1,804
Changes in operating assets and liabilities:    
Receivables (709) 423
Inventory 1,049 (7)
Prepaid expenses and other assets 321 (1,015)
Accounts payable and accrued expenses (1,429) 152
Interest payable 1,544 1,370
Net cash used in operating activities (26,998) (19,653)
Investing activities    
Acquisitions of property and equipment (93) (35)
Purchases of investments (3,018) (4,327)
Sales and maturities of investments 18,992 20,289
Net cash provided by investing activities 15,881 15,927
Financing activities    
Payment of senior credit facility (1,725)
Proceeds from senior credit facility 19,477
Net proceeds from common stock issued under stock-based compensation plans 563 268
Decrease in lease financing obligation (19)
Net cash provided by (used in) financing activities 20,040 (1,476)
Increase (decrease) in cash, cash equivalents and restricted cash 8,923 (5,202)
Cash, cash equivalents and restricted cash at beginning of period 28,275 53,568
Cash, cash equivalents and restricted cash at end of period $ 37,198 $ 48,366