v3.24.1.1.u2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (26,313) $ (19,027)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 1,800 2,524
Impairment of property and equipment 13
Bargain purchase gain (1,706)
Share-based compensation expense 3,743 2,949
Inventory write-downs 9 29
Net accretion of premium on short-term investments (288) (396)
Change in:    
Accounts receivable (172) (506)
Contract assets (192)
Inventory 102 (87)
Other current and non-current assets 992 647
Accounts payable (527) 1,629
Accrued liabilities 1,331 2,017
Contract liabilities and other current liabilities (480) (711)
Operating lease liabilities (639) (669)
Other long-term liabilities (330) 17
Net cash used in operating activities (20,759) (13,482)
Cash flows from investing activities    
Sales of investment securities 7,900 22,000
Purchases of investment securities (7,805) (3,898)
Purchases of property and equipment (114) (615)
Cash paid for Ibeo business combination (3,263) (11,233)
Net cash provided by (used in) investing activities (3,282) 6,254
Cash flows from financing activities    
Principal payments under finance leases (6)
Proceeds from stock option exercises 62
Net proceeds from issuance of common stock 20,956 12,691
Net cash provided by financing activities 21,018 12,685
Effect of exchange rate changes on cash and cash equivalents (31)
Change in cash, cash equivalents, and restricted cash (3,054) 5,457
Cash, cash equivalents, and restricted cash at beginning of period 49,391 21,954
Cash, cash equivalents, and restricted cash at end of period 46,337 27,411
Supplemental schedule of non-cash investing and financing activities    
Non-cash additions to property and equipment 21 703
Acquisition of right-of-use asset 234
Settlement of preexisting Advance to Ibeo in exchange for net assets acquired 4,132
Amounts issued to escrow for acquisition consideration 3,263
Accrued liability for Ibeo business combination 2,969 2,928
Accrued financing fees 396
Foreign currency translation adjustment (19) 107
Unrealized gain (loss) in investment securities, available-for-sale $ (34) $ 77

Source

HTML PDF
ZIP