v3.24.1.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income (loss) $ (25,409) $ (35,029)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 2,053 1,541
Amortization of operating lease assets 1,179 1,088
Stock-based compensation expense 12,837 13,560
Amortization of intangibles 737  
Amortization of premium (accretion of discount) on short-term investments (1,155) (878)
Provision for doubtful accounts 318 123
Write-down of inventory 652 1,253
Amortization of debt issuance costs 910 308
Non-cash interest expense 2,647  
Change in fair value of warrants (13,560)  
Change in fair value of contingent consideration 3,471  
Unrealized (gains) losses on foreign currency transactions (404) (166)
Changes in operating assets and liabilities    
Accounts receivable 1,861 13,132
Inventories (2,293) (14,296)
Prepaid expenses and other current assets (3,408) (4,691)
Other assets (273) 61
Accounts payable (677) 2,783
Accrued liabilities (10,644) (6,752)
Other long-term liabilities (1,498) (1,351)
Net cash provided by (used in) operating activities (32,656) (29,314)
Cash flows from investing activities    
Purchases of short-term investments (63,685) (54,560)
Proceeds from maturity of short-term investments 91,640 32,500
Payment for acquisition of business, net of cash acquired 160  
Purchases of property and equipment (2,793) (2,588)
Net cash provided by (used in) investing activities 25,322 (24,648)
Cash flows from financing activities    
Convertible notes debt issuance costs (265)  
Minimum tax withholding paid on behalf of employees for net share settlement (1,251) (2,273)
Payment of contingent consideration established in purchase accounting (4,964)  
Net cash provided by (used in) financing activities (6,480) (2,273)
Effect of exchange rate changes on cash and cash equivalents (100) 89
Net increase (decrease) in cash, cash equivalents and restricted cash (13,914) (56,146)
Cash, cash equivalents and restricted cash    
Cash, cash equivalents and restricted cash at beginning of period 104,823 120,979
Cash, cash equivalents and restricted cash at end of period 90,909 64,833
Significant non-cash transactions    
Purchases of property and equipment in accounts payable $ 253 $ 358