v3.24.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (45,703) $ (55,126)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 19,651 18,523
Amortization of intangibles 16,723 17,566
Stock-based compensation 16,615 10,463
Non-cash operating lease expense 4,793 4,648
Amortization of convertible debt discount 1,358 1,341
Amortization of debt issue costs 94 92
Impairment of assets 333 1,660
Other adjustments 159 5
Changes in assets and liabilities, net    
Accounts receivable, net (15,353) (5,713)
Inventories 835 (888)
Prepaid and other assets 316 (2,614)
Operating lease liabilities (3,308) (3,294)
Deferred income tax liabilities, net (1,270) (5,939)
Accrued compensation (2,281) 5,545
Accounts payable and other liabilities (4,985) (509)
Net cash used in operating activities (12,023) (14,240)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of marketable securities 0 (6,756)
Proceeds from maturities of marketable securities 40,501 62,868
Purchases of property and equipment (18,663) (17,421)
Net cash provided by investing activities 21,838 38,691
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of equipment financing obligations 0 (61)
Issuance of common stock, net 2,782 1,504
Net cash provided by financing activities 2,782 1,443
Net change in cash and cash equivalents 12,597 25,894
Cash and cash equivalents, beginning of period 342,488 263,180
Cash and cash equivalents, end of period 355,085 289,074
Supplemental disclosure of cash flow information:    
Interest paid 1,691 1,690
Income taxes paid, net 176 175
Supplemental disclosure of non-cash investing and financing information:    
Purchases of property and equipment included in accounts payable $ 2,042 $ 838

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