v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net loss $ (55,423) $ (93,781)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 8,391 9,370
Noncash lease expense 2,642 2,712
Share-based compensation expense 25,506 27,256
Intangible assets amortization 842 847
Investment amortization (1,708) (4,742)
Impairment of long-lived assets   7,195
Inventory reserve (46) 1,382
Noncash interest expense 287 1,422
Other 43 163
Changes in operating assets and liabilities    
Accounts receivable, net (2,566) 2,359
Inventory 359 293
Prepaid expenses and other current assets (8) 522
Accounts payable and accrued liabilities (6,396) (3,534)
Operating lease right-of-use assets and liabilities (5,230) (4,785)
Deferred revenue (7,612) (2,354)
Other 5 19
Net cash used in operating activities (40,914) (55,656)
Investing activities    
Purchases of property and equipment (1,914) (3,240)
Purchases of marketable securities (101,792) (136,199)
Proceeds from maturities of marketable securities 132,625 189,825
Net cash provided by investing activities 28,919 50,386
Financing activities    
Proceeds from exercise of stock options 7,061 74
Net cash provided by financing activities 7,061 74
Net decrease in cash, cash equivalents and restricted cash (4,934) (5,196)
Cash, cash equivalents and restricted cash at beginning of year 50,817 67,996
Cash, cash equivalents and restricted cash at end of period 45,883 62,800
Noncash investing activities    
Purchases of equipment included in accounts payable and accrued liabilities 224 315
Supplemental disclosure of cash flow information    
Cash paid for interest $ 4,995 $ 4,383