v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net loss $ (20,688) $ (11,505)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,195 1,252
Reduction in the carrying amount of right-of-use assets 714 773
Stock-based compensation 2,379 3,171
Provision (recovery) for credit losses (113) 0
Non-cash interest expense 281 82
Amortization of discount on short-term investments (330) (41)
Other non-cash items (3) (10)
Changes in operating assets and liabilities:    
Financial assets 7,426 5,571
Inventories 18 244
Prepaid expenses and other assets 31 (146)
Accounts payable 2,065 (2,038)
Accrued compensation and other accrued liabilities (6,501) (3,875)
Other long term liabilities (750) (996)
Deferred revenue 478 (271)
Net cash used in operating activities (13,798) (7,789)
Investing activities:    
Purchase of property and equipment (1,256) (1,130)
Proceeds from sale of property and equipment 1 11
Purchases of short-term investments (10,326) (27,444)
Proceeds from maturity of short-term investments 23,350 0
Net cash provided by (used in) investing activities 11,769 (28,563)
Financing activities:    
Proceeds from exercises of stock options 1,098 281
Costs incurred in connection with equity sales agreements (13) (60)
Proceeds from long-term debt 0 29,521
Payment of debt issuance costs 0 (461)
Net cash provided by financing activities 1,085 29,281
Net decrease in cash, cash equivalents and restricted cash (944) (7,071)
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 19,885 59,626
Supplemental disclosure of cash flow information:    
Interest paid 432 147
Income taxes paid 0 17
Supplemental non-cash investing and financing activities:    
Capital expenditures incurred but not yet paid 2,073 371
Cash reconciliation:    
Cash and cash equivalents 18,319 58,046
Restricted cash, current and non-current 1,566 1,580
Total cash, cash equivalents and restricted cash $ 19,885 $ 59,626

Source

10-Q XBRL Zip