v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net loss $ (20,709) $ (33,960)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,496 2,535
Reduction in the carrying amount of right-of-use assets 1,882 1,440
Stock-based compensation 3,011 4,911
Provision (recovery) for credit losses 0 (113)
Non-cash interest expense 774 572
Amortization of discount on short-term investments (473) (597)
Changes in operating assets and liabilities:    
Financial assets (1,273) 2,640
Inventories 215 (146)
Prepaid expenses and other assets 2,405 405
Accounts payable 1,049 (1,398)
Accrued compensation and other accrued liabilities (3,944) (6,278)
Other long-term liabilities (1,719) (1,526)
Deferred revenue (6,507) (250)
Net cash used in operating activities (22,793) (31,765)
Investing activities:    
Purchase of property and equipment (1,074) (3,769)
Proceeds from sale of property and equipment 15 4
Purchases of short-term investments (32,967) (24,183)
Proceeds from maturity of short-term investments 33,090 39,350
Net cash (used in) provided by investing activities (936) 11,402
Financing activities:    
Proceeds from exercises of stock options 0 1,098
Proceeds from issuance of stock under employee stock purchase plan 148 317
Proceeds from issuance of common stock in connection with equity sales agreements 0 17,268
Costs incurred in connection with equity sales agreements (96) (718)
Proceeds from long-term debt 0 9,897
Payment of debt issuance costs 0 (3)
Net cash provided by financing activities 52 27,859
Net (decrease) increase in cash, cash equivalents and restricted cash (23,677) 7,496
Cash, cash equivalents and restricted cash at the beginning of the period 52,883 20,829
Cash, cash equivalents and restricted cash at the end of the period 29,206 28,325
Supplemental disclosure of cash flow information:    
Interest paid 1,498 1,340
Income taxes paid 36 0
Supplemental non-cash investing and financing activities:    
Capital expenditures incurred but not yet paid 240 48
Cash reconciliation:    
Cash and cash equivalents 27,172 26,761
Restricted cash, current and non-current 2,034 1,564
Total cash, cash equivalents and restricted cash $ 29,206 $ 28,325

Source

10-Q XBRL Zip