XML 21 R8.htm IDEA: XBRL DOCUMENT v3.24.0.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 30, 2023
Dec. 24, 2022
Cash flows from operating activities:    
Net loss $ (12,967) $ (67,986)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,197 2,077
Foreign currency losses 22 10
Provision for excess and obsolete inventory 70 0
Stock-based compensation 29,462 49,540
Changes in operating assets and liabilities:    
Accounts receivable (83,789) (48,959)
Inventories (1,567) (19,096)
Prepaid expenses and other current assets (41,160) 1,249
Deferred expenses (7,152) (5,963)
Other long-term assets (5,906) (6,107)
Accounts payable (3,830) (7,514)
Accrued expenses and other current liabilities 14,687 34,133
Deferred revenue 69,966 164,090
Other long-term liabilities 8,817 5,578
Net cash provided by (used in) operating activities (30,150) 101,052
Cash flows from investing activities:    
Purchases of property and equipment (2,173) (6,990)
Capitalization of internal use software development costs (820) 0
Proceeds from maturities of marketable securities 150,000 0
Purchases of marketable securities (48,317) (96,813)
Net cash provided by (used in) investing activities 98,690 (103,803)
Cash flows from financing activities:    
Payment for taxes related to net share settlement of stock-based compensation awards (56) 0
Proceeds from exercise of warrants 158,702 0
Net cash provided by financing activities 158,646 0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2) 18
Net increase (decrease) in cash, cash equivalents, and restricted cash 227,184 (2,733)
Cash, cash equivalents, and restricted cash — beginning of period 260,918 353,457
Cash, cash equivalents, and restricted cash — end of period 488,102 350,724
Non-cash activities:    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 5,818 $ 0