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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (25,923) $ (27,061)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 9,366 9,905
Amortization of intangibles 8,362 8,362
Stock-based compensation 10,754 7,774
Non-cash operating lease expense 1,584 2,401
Amortization of convertible debt discount 687 678
Amortization of debt issue costs 48 47
Impairment of assets 0 145
Other adjustments 37 (57)
Changes in assets and liabilities, net    
Accounts receivable, net (668) (9,052)
Inventories (3,024) 3,836
Prepaid and other assets (3,105) (1,976)
Operating lease liabilities (1,090) (1,432)
Deferred income tax liabilities, net (541) (795)
Accrued compensation (22,957) (18,552)
Accounts payable and other liabilities 1,143 (138)
Net cash used in operating activities (25,327) (25,915)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities of marketable securities 8,060 20,110
Purchases of property and equipment (4,500) (5,585)
Net cash provided by investing activities 3,560 14,525
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock, net 949 816
Net cash provided by financing activities 949 816
Net change in cash and cash equivalents (20,818) (10,574)
Cash and cash equivalents, beginning of period 367,012 342,488
Cash and cash equivalents, end of period 346,194 331,914
Supplemental disclosure of cash flow information:    
Interest paid 1 431
Income taxes paid 0 89
Supplemental disclosure of non-cash investing and financing information:    
Purchases of property and equipment included in accounts payable $ 1,376 $ 831

Source

10-Q XBRL Zip