v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net loss $ (34,140) $ (10,996)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2,946 2,556
Amortization expense - right-of-use assets - operating and finance leases 2,517 2,406
Stock-based compensation 5,525 7,069
Provision (recovery) for credit losses 0 (307)
Equity securities earned from research and development activities ($0 and ($245) from a related party) (118) (245)
Other non-cash items (15) (27)
Changes in operating assets and liabilities:    
Financial assets 19,261 (10,962)
Inventories (23) (558)
Prepaid expenses and other assets 1,324 1,811
Accounts payable 631 (958)
Accrued compensation and other accrued liabilities (10,373) 81
Other long-term liabilities (2,864) (2,527)
Deferred revenue (9,970) (710)
Net cash used in operating activities (25,299) (13,367)
Investing activities:    
Purchase of property and equipment (4,120) (7,030)
Proceeds from sale of property and equipment 15 28
Investment in non-marketable securities (750) (5,300)
Net cash used in investing activities (4,855) (12,302)
Financing activities:    
Proceeds from exercises of stock options 422 432
Proceeds from issuance of common stock in connection with public offering 8,652 0
Costs incurred in connection with issuance of common stock at public offering (395) (42)
Taxes paid related to net share settlement of equity awards (404) (1,437)
Net cash provided by (used in) financing activities 8,275 (1,047)
Net decrease in cash, cash equivalents and restricted cash (21,879) (26,716)
Cash, cash equivalents and restricted cash at the beginning of the period 116,026 118,895
Cash, cash equivalents and restricted cash at the end of the period 94,147 92,179
Supplemental disclosure of cash flow information:    
Interest paid 10 12
Income taxes paid 193 0
Supplemental non-cash investing and financing activities:    
Capital expenditures incurred but not yet paid 434 409
Cash reconciliation:    
Cash and cash equivalents 92,093 90,113
Restricted cash, current and non-current 2,054 2,066
Total cash, cash equivalents and restricted cash $ 94,147 $ 92,179

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