v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net loss $ (14,677) $ (25,279)
Reconciliation of net loss to net cash (used in) provided by operating activities:    
Stock-based compensation 15,803 11,450
Depreciation and amortization 6,052 5,664
Inventory reserves and firm commitment losses 2,349 237
Amortization of debt discount and offering costs 433 414
Unrealized foreign exchange gain (658) (1,734)
Non-cash lease expense 390 237
Other (356) 281
Change in operating assets and liabilities:    
Accounts receivable (16,833) 12,969
Prepaid and other current assets (3,029) 918
Inventory (2,672) (964)
Other assets (92) 11
Accounts payable, accrued expenses and other liabilities 11,737 11,277
Operating lease liabilities (408) (269)
Net cash (used in) provided by operating activities (1,961) 15,212
Investing activities    
Purchase of investments (33,526) 0
Proceeds from maturities of investments 17,433 0
Purchase of property and equipment (41) (13)
Net cash used in investing activities (16,134) (13)
Financing activities    
Proceeds from issuance of common stock pursuant to equity plans 6,359 1,205
Net cash provided by financing activities 6,359 1,205
Effect of exchange rate on cash, cash equivalents and restricted cash 1,055 113
Net (decrease) increase in cash, cash equivalents and restricted cash (10,681) 16,517
Cash, cash equivalents and restricted cash at beginning of period 222,928 286,326
Cash, cash equivalents and restricted cash at end of period 212,247 302,843
Supplemental disclosure of cash flow information:    
Operating cash flows paid for operating lease 583 289
Cash paid for income taxes 162 139
Non-cash operating, investing and financing activities:    
Accrued milestone payments classified as intangible assets, net 0 10,000
Decrease in ROU assets and lease liabilities due to lease modification 649 723
Stock-based compensation capitalized to inventory 212 214
Conversion of convertible notes, net into shares of common stock $ 6 $ 0