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Organization and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of Prior-year Adjustment

The correction to the accompanying consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive loss, consolidated statements of stockholders' equity, and consolidated statements of cash flows are as follows (in thousands):

 

 

 

 

 

 

 

 

 

At December 31, 2022

 

Consolidated Balance Sheets

 

 

 

 

 

 

 

 

As Reported

 

Adjustment

 

As Corrected

 

Goodwill

 

 

 

 

 

 

 

 

$

39,775

 

 

7,592

 

$

47,367

 

Total assets

 

 

 

 

 

 

 

 

$

513,376

 

 

7,592

 

$

520,968

 

Other long-term liabilities

 

 

 

 

 

 

 

 

$

11,543

 

 

5,546

 

$

17,089

 

Accumulated other comprehensive loss

 

 

 

 

 

 

 

 

$

(10,690

)

 

(104

)

$

(10,794

)

Accumulated deficit

 

 

 

 

 

 

 

 

$

(934,474

)

 

2,150

 

$

(932,324

)

Total stockholders' deficit

 

 

 

 

 

 

 

 

$

(36,713

)

 

2,046

 

$

(34,667

)

Total liabilities and stockholders' deficit

 

 

 

 

 

 

 

 

$

513,376

 

 

7,592

 

$

520,968

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2022

 

 

Year Ended December 31, 2021

 

Consolidated Statements of Operations

 

As Reported

 

Adjustment

 

As Corrected

 

 

As Reported

 

Adjustment

 

As Corrected

 

Income tax provision (benefit)

 

$

140

 

 

(856

)

$

(716

)

 

$

164

 

 

(1,294

)

$

(1,130

)

Net loss

 

$

(152,149

)

 

856

 

$

(151,293

)

 

$

(144,326

)

 

1,294

 

$

(143,032

)

Net loss per share, basic and diluted

 

$

(1.47

)

$

0.01

 

$

(1.46

)

 

$

(1.50

)

$

0.01

 

$

(1.49

)

 

 

Year Ended December 31, 2022

 

 

Year Ended December 31, 2021

 

Consolidated Statements of Comprehensive Loss

 

As Reported

 

Adjustment

 

As Corrected

 

 

As Reported

 

Adjustment

 

As Corrected

 

Net loss

 

$

(152,149

)

 

856

 

$

(151,293

)

 

$

(144,326

)

 

1,294

 

$

(143,032

)

Foreign currency translation adjustments

 

$

(4,696

)

 

(62

)

$

(4,758

)

 

$

(7,198

)

 

(42

)

$

(7,240

)

Comprehensive loss

 

$

(156,845

)

 

794

 

$

(156,051

)

 

$

(151,524

)

 

1,252

 

$

(150,272

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2022

 

 

At December 31, 2021

 

Consolidated Statements of Stockholders' (Deficit) Equity

 

As Reported

 

Adjustment

 

As Corrected

 

 

As Reported

 

Adjustment

 

As Corrected

 

Foreign currency translation adjustments

 

$

(4,696

)

 

(62

)

$

(4,758

)

 

$

(7,198

)

 

(42

)

$

(7,240

)

Net loss

 

$

(152,149

)

 

856

 

$

(151,293

)

 

$

(144,326

)

 

1,294

 

$

(143,032

)

Accumulated other comprehensive loss

 

$

(10,690

)

 

(104

)

$

(10,794

)

 

$

(5,994

)

 

(42

)

$

(6,036

)

Accumulated deficit

 

$

(934,474

)

 

2,150

 

$

(932,324

)

 

$

(782,325

)

 

1,294

 

$

(781,031

)

Total stockholders' (deficit) equity

 

$

(36,713

)

 

2,046

 

$

(34,667

)

 

$

79,422

 

 

1,252

 

$

80,674

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2022

 

 

Year Ended December 31, 2021

 

Consolidated Statements of Cash Flows

 

As Reported

 

Adjustment

 

As Corrected

 

 

As Reported

 

Adjustment

 

As Corrected

 

Net loss

 

$

(152,149

)

 

856

 

$

(151,293

)

 

$

(144,326

)

 

1,294

 

$

(143,032

)

Other long-term liabilities

 

$

(2,342

)

 

(847

)

$

(3,189

)

 

$

4,852

 

 

(1,179

)

$

3,673

 

Net cash used for operating activities

 

$

(75,143

)

 

9

 

$

(75,134

)

 

$

(73,432

)

 

115

 

$

(73,317

)

Effect of exchange rate changes on cash

 

$

(357

)

 

(9

)

$

(366

)

 

$

(1,289

)

 

(115

)

$

(1,404

)

Computation of Basic and Diluted Loss Per Share

The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share data):

 

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(186,638

)

 

$

(151,293

)

 

$

(143,032

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

121,242

 

 

 

103,373

 

 

 

96,197

 

Net loss per share, basic and diluted

 

$

(1.54

)

 

$

(1.46

)

 

$

(1.49

)

Anti-Dilutive Securities of Common Stock Excluded from Calculation of Diluted Net Loss Per Share

The following potentially dilutive shares of common stock were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the years presented (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Series A convertible preferred stock

 

 

 

 

 

 

 

 

29

 

Options to purchase common stock and employee stock purchase plan

 

 

2,555

 

 

 

2,991

 

 

 

3,416

 

Unvested restricted stock units

 

 

7,713

 

 

 

8,533

 

 

 

8,703

 

Warrants to purchase common stock

 

 

8,219

 

 

 

15,491

 

 

 

20,184

 

Senior convertible notes

 

 

17,246

 

 

 

17,246

 

 

 

17,246

 

 

 

35,733

 

 

 

44,261

 

 

 

49,578