v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net loss $ (20,090) $ (11,300)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,403 1,118
Amortization expense - right-of-use assets - operating and finance leases 1,964 2,231
Gain on disposal of property and equipment 0 (2)
Stock-based compensation 6,092 5,783
Allowance for credit losses 40 0
Loss on investment in equity securities 0 526
Changes in operating assets and liabilities:    
Accounts receivable, net (1,648) (776)
Contract assets 52 (1,158)
Unbilled receivables (4,886) 385
Inventories (366) 192
Prepaid expenses and other current assets (930) (485)
Other non-current assets (175) 74
Accounts payable (101) (1,294)
Accrued compensation 1,274 (577)
Other accrued liabilities 2,307 2,687
Other long-term liabilities (1,920) (1,291)
Deferred revenue 2,012 (5,012)
Net cash used in operating activities (14,972) (8,899)
Investing activities:    
Purchase of property and equipment (2,260) (3,315)
Proceeds from disposal of property and equipment 0 2
Investment in equity securities (1,000) 0
Proceeds from the sale of investment securities 0 62
Net cash used in investing activities (3,260) (3,251)
Financing activities:    
Proceeds from exercises of stock options 539 4,621
Proceeds from issuance of common stock in connection with private placement 0 50,000
Costs incurred in connection with private placement 0 (129)
Payments of lease obligations - Finance leases (60) (180)
Recovery of short swing profit 0 77
Taxes paid related to net share settlement of equity awards (1,257) (2,850)
Net cash provided by (used in) financing activities (778) 51,539
Net increase (decrease) in cash, cash equivalents and restricted cash (19,010) 39,389
Cash, cash equivalents and restricted cash at the beginning of the period 92,221 54,485
Cash, cash equivalents and restricted cash at the end of the period 73,211 93,874
Supplemental disclosure of cash flow information    
Interest paid 15 16
Income taxes paid 312 5
Purchase of property and equipment recorded in accounts payable and accrued expenses 289 536
Total cash, cash equivalents and restricted cash at the end of the period $ 73,211 $ 93,874

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