Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows used in operating activities:    
Net loss $ (37,630) $ (50,379)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 687 688
Amortization of intangible assets 151 (272)
Share-based compensation expense 7,023 7,821
Other, net 1,514 (2,111)
Net changes in operating assets and liabilities    
Accounts receivable (4,986) (1,187)
Inventories (6,940) (2,009)
Prepaid expenses and other current assets 307 308
Non-current assets 0 229
Accounts payable, accrued and other liabilities (6,704) (7,103)
Lease liabilities (168) 474
Net cash used in operating activities (46,746) (53,541)
Cash flows used in investing activities:    
Purchase of investments (163,504) (115,168)
Proceeds from investments 110,566 60,940
Upfront lease payment 0 (11,838)
Purchase of long-lived assets (79) (136)
Additions to internal use-software implementation costs 0 (1,039)
Capitalized patent costs 0 (6)
Net cash used in investing activities (53,017) (67,247)
Cash flows from financing activities    
Proceeds from exercise of stock options 405 4,999
Proceeds from exercise of warrants 0 30
Cash provided by financing activities 405 5,029
Net decrease in cash, cash equivalents and restricted cash (99,358) (115,759)
Cash, cash equivalents and restricted cash, beginning of period 231,900 272,350
Cash, cash equivalents and restricted cash, end of period 132,542 156,591
Supplemental cash flow information:    
Cash received for interest 13 425
Cash paid for amounts included in the measurement of lease liabilities (281) (63)
Supplemental disclosure of noncash transactions    
Initial recognition of operating lease right-of-use asset 0 5,804
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets    
Cash, cash equivalents 131,636 156,591
Restricted cash 906 0
Total cash, cash equivalents and restricted cash $ 132,542 $ 156,591