v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net loss $ (8,704) $ (20,688)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,286 1,195
Reduction in the carrying amount of right-of-use assets 935 714
Stock-based compensation 1,428 2,379
Provision (recovery) for credit losses 0 (113)
Non-cash interest expense 376 281
Amortization of discount on short-term investments (238) (330)
Other non-cash items 0 (3)
Changes in operating assets and liabilities:    
Financial assets 2,479 7,426
Inventories (183) 18
Prepaid expenses and other assets 1,701 31
Accounts payable 312 2,065
Accrued compensation and other accrued liabilities (5,356) (6,501)
Other long-term liabilities (1,033) (750)
Deferred revenue (6,153) 478
Net cash used in operating activities (13,150) (13,798)
Investing activities:    
Purchase of property and equipment (176) (1,255)
Purchases of short-term investments (20,025) (10,326)
Proceeds from maturity of short-term investments 19,090 23,350
Net cash provided by (used in) investing activities (1,111) 11,769
Financing activities:    
Proceeds from exercises of stock options 0 1,098
Costs incurred in connection with equity sales agreements (14) (13)
Net cash provided by (used in) financing activities (14) 1,085
Net decrease in cash, cash equivalents and restricted cash (14,275) (944)
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 38,608 19,885
Supplemental disclosure of cash flow information:    
Interest paid 892 432
Income taxes paid 36 0
Supplemental non-cash investing and financing activities:    
Capital expenditures incurred but not yet paid 604 2,073
Cash reconciliation:    
Cash and cash equivalents 36,571 18,319
Restricted cash, current and non-current 2,037 1,566
Total cash, cash equivalents and restricted cash 38,608 19,885
Short-term investments 28,569 41,500
Cash, cash equivalents, and short-term investments $ 65,140 $ 59,800

Source

10-Q XBRL Zip