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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net loss $ (48,419) $ (52,932)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount and deferred financing 531 667
Depreciation and amortization 2,154 1,257
Stock-based compensation 30,803 34,894
Non-cash changes in the fair value of contingent consideration payable 0 251
Foreign currency remeasurement loss 1,736 5,885
Deferred taxes 0 (4,939)
Other 5,818 0
Changes in operating assets and liabilities:    
Accounts receivable 9,557 (1,367)
Inventories (1,678) (3,158)
Prepaid expenses and other current assets (5,340) 1,839
Accounts payable, accrued expenses, and other current liabilities (24,483) (72)
Other non-current assets and liabilities (374) (394)
Net cash used in operating activities (29,695) (18,069)
Investing activities    
Sale and redemption of marketable securities 38,907 54,944
Purchases of marketable securities (29,559) (16,747)
Capital expenditures (1,811) (1,942)
Net cash provided by investing activities 7,537 36,255
Financing activities    
Payment of finance leases (42) (28)
Withholding taxes paid on vested restricted stock units (16,721) (12,806)
Proceeds from stock options exercised, net 3,454 2,655
Proceeds from the issuance of shares in connection with at-the-market offering, net of issuance costs 0 2,354
Net cash used in financing activities (13,309) (7,825)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,816) 1,507
Net (decrease) increase in cash, cash equivalents, and restricted cash at the end of the period (37,283) 11,868
Cash, cash equivalents, and restricted cash at the beginning of period 250,077 153,115
Cash, cash equivalents, and restricted cash at the end of period 212,794 164,983
Supplemental disclosures of cash flow information    
Cash paid during the period for interest 11,801 11,361
Capital expenditures unpaid at the end of period 1,110 1,260
Cash paid for taxes 635 178
Tenant improvements paid through lease incentives $ 52 $ 0