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 $ (33,960) $ (34,260)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,535 2,516
Reduction in the carrying amount of right-of-use assets 1,440 1,561
Stock-based compensation 4,911 7,853
Provision (recovery) for credit losses (113) 0
Asset impairment and other charges 0 165
Non-cash interest expense 572 345
Amortization of discount on short-term investments (597) (487)
Other non-cash items 0 14
Changes in operating assets and liabilities:    
Financial assets 2,640 7,137
Inventories (146) 453
Prepaid expenses and other assets 405 2,402
Accounts payable (1,398) (2,275)
Accrued compensation and other accrued liabilities (6,278) (2,598)
Other long term liabilities (1,526) (2,022)
Deferred revenue (250) (761)
Net cash used in operating activities (31,765) (19,957)
Investing activities:    
Purchase of property and equipment (3,769) (1,525)
Proceeds from sale of property and equipment 4 15
Purchases of short-term investments (24,183) (57,140)
Proceeds from maturity of short-term investments 39,350 3,000
Net cash provided by (used in) investing activities 11,402 (55,650)
Financing activities:    
Proceeds from exercises of stock options 1,098 281
Proceeds from issuance of stock under employee stock purchase plan 317 327
Proceeds from issuance of common stock in connection with equity sales agreements 17,268 0
Costs incurred in connection with equity sales agreements (718) (403)
Proceeds from long-term debt 9,897 29,521
Payment of debt issuance costs (3) (642)
Net cash provided by financing activities 27,859 29,084
Net increase (decrease) in cash, cash equivalents and restricted cash 7,496 (46,523)
Cash, cash equivalents and restricted cash at the beginning of the period 20,829 66,697
Cash, cash equivalents and restricted cash at the end of the period 28,325 20,174
Supplemental disclosure of cash flow information:    
Interest paid 1,340 890
Income taxes paid 0 17
Supplemental non-cash investing and financing activities:    
Capital expenditures incurred but not yet paid 48 768
Transfer from property and equipment to assets held for sale 0 59
Cash reconciliation:    
Cash and cash equivalents 26,761 18,595
Restricted cash, current and non-current 1,564 1,579
Total cash, cash equivalents and restricted cash 28,325 20,174
Short-term investments 39,569 54,600
Cash, cash equivalents, and short-term investments $ 66,330 $ 73,200

Source

10-Q XBRL Zip