v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net loss $ (63,105) $ (39,616)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 6,288 1,425
Bargain purchase gain, net of tax (1,706)
Gain on disposal of fixed assets (25)
Impairment of property and equipment 12 60
Inventory write-downs 61 60
Share-based compensation expense 11,506 11,935
Net accretion of premium on short-term investments (986) 290
Change in:    
Accounts receivable (740)
Inventory (619) (42)
Other current and non-current assets (3,214) (662)
Accounts payable 896 (2,160)
Accrued liabilities 4,321 418
Contract liabilities and other current liabilities (1,405) (386)
Operating lease liabilities (1,813) (938)
Other long-term liabilities 17
Net cash used in operating activities (50,512) (29,616)
Cash flows from investing activities    
Sales of investment securities 61,700 34,700
Purchases of investment securities (27,101) (63,726)
Cash paid for Ibeo business combination (11,233)
Purchases of property and equipment (1,981) (2,017)
Net cash provided by (used in) investing activities 21,385 (31,043)
Cash flows from financing activities    
Principal payments under finance leases (19) (20)
Principal payments under long-term debt (392)
Proceeds from stock option exercises 175 727
Net proceeds from issuance of common stock 60,607
Net cash provided by financing activities 60,763 315
Change in cash, cash equivalents, and restricted cash 31,636 (60,344)
Cash, cash equivalents, and restricted cash at beginning of period 21,954 83,739
Cash, cash equivalents, and restricted cash at end of period 53,590 23,395
Supplemental schedule of non-cash investing and financing activities    
Non-cash additions to property and equipment 645
Amounts issued to escrow for acquisition consideration 3,263
Acquisition of right-to-use asset 1,294 9,622
Accrued financing fees 101
Issuance of common stock for subscriptions receivable 323
Foreign currency translation adjustments 55
Unrealized loss on investment securities, available-for-sale $ 117 $ 175

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