v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (11,938) $ (87,400) $ (80,926)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Stock-based compensation 17,649 13,447 12,200
Write-off of inventory 4,574 2,202 1,902
Depreciation and amortization 4,535 3,325 1,986
Amortization of debt discount and issuance costs 2,085 2,092 1,709
(Gain) loss on foreign currency transaction 1,916 (4,811) (6,567)
Amortization of right-of-use assets 1,301 2,987 1,258
Loss on available-for-sale securities 170 932  
Interest on liability for sale of future royalties 185    
Interest on financing liability 31 9,552 1,372
Net (accretion) amortization of investments (925) 707 520
Other, net (339) 17  
Loss on extinguishment of debt, net     17,200
Asset impairment     106
Interest on milestone right     3,663
Changes in operating assets and liabilities:      
Accounts receivable, net 2,345 (11,807) (776)
Inventory (11,347) (5,670) (4,081)
Prepaid expenses and other current assets (9,421) (15,552) (360)
Other assets 263 523 (138)
Accounts payable (1,473) 4,096 1,374
Accrued expenses and other current liabilities 6,606 (723) 8,814
Deferred revenue 39,462 19,047 (14,567)
Recognized loss on purchase commitments (9,424) (5,709) (5,892)
Operating lease liabilities (2,385) (3,309) (2,135)
Accrued interest on Mann Group convertible note     (4,919)
Deposits from customer   (4,950) 4,950
Net cash provided by (used in) operating activities 34,094 (80,679) (61,709)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Proceeds from held-to-maturity debt securities 119,166 107,340 59,060
Purchase of held-to-maturity debt securities (79,095) (74,536) (196,131)
Purchase of property and equipment (42,441) (7,589) (11,466)
Acquisition of V-Go   (15,341)  
Proceeds from insurance claim 382    
Purchase of available-for-sale securities   (5,000) (3,000)
Net cash provided by (used in) investing activities (1,988) 4,874 (151,537)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from sale of future royalties 150,000    
Issuance costs associated with sale of future royalties (4,050)    
Proceeds from market price stock purchase plan and employee stock purchase plan 1,820 2,766 106
Payments for taxes related to net issuance of common stock associated with restricted stock units and stock options (10,162) 319 (498)
Principal payment on financing liability (189) (18)  
Milestone payment (924) (1,088) (5,000)
Proceeds from Senior convertible notes     230,000
Issuance costs associated with Senior convertible notes     (7,268)
Proceeds from the sale-leaseback transaction     102,250
Issuance costs associated with at-the-market offering / sale-leaseback transaction     (3,120)
Deposit for the sale-leaseback transaction     (2,000)
Principal payments on Mann Group convertible note     (35,051)
Payment on MidCap credit facility (6,667)   (10,000)
Payment of MidCap credit facility prepayment penalty     (1,000)
Net cash provided by financing activities 136,607 21,388 270,267
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 168,713 (54,417) 57,021
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 69,767 124,184 67,163
CASH AND CASH EQUIVALENTS, END OF PERIOD 238,480 69,767 124,184
SUPPLEMENTAL CASH FLOWS DISCLOSURES:      
Interest paid in cash 18,279 8,852 11,268
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Reclassification of Midcap credit facility from long-term to current 26,667    
Reclassification of investments from long-term to current 6,404 82,850 32,654
Non-cash construction in progress, property and equipment 1,691 1,298 1,264
Right-of-use asset modification 728 3,793 278
Goodwill adjustment for a net reduction in liabilities 497    
Receivable for insurance claim on damaged equipment 445    
Accrued issuance costs associated with liability for sale of future royalties 325    
Payments on debt and interest through common stock issuance 222 10,270 15,143
Reclassification of Thirona convertible notes and interest receivable from long-term to current   7,375  
Issuance of common stock under employee stock purchase plan     1,090
Addition of right-of-use-asset   1,812 1,425
Contingent milestone liability   610  
The Mann Group L L C      
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Interest on Mann Group convertible note 224 325 1,598
At The Market Issuance      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from at-the-market-offering 6,887 19,790 1,886
Issuance costs associated with at-the-market offering / sale-leaseback transaction $ (108) $ (381) $ (38)