XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (47,718) $ (300,013)
Adjustments to reconcile net loss to net cash used in operating activities:    
Goodwill impairment charges 0 166,675
Depreciation and amortization 5,397 10,605
Loss on write-off of construction in progress and right-of-use asset impairment 214 1,423
Stock-based compensation 20,099 38,246
Reduction of revenue related to stock warrant issued to customer 488 61
Amortization of right-of-use asset 2,391 2,012
Interest expense 0 889
Amortization of debt issuance costs and debt discount 0 125
Accretion or amortization on short-term investments (2,933) (2,097)
Change in fair value of warrant liabilities 27 (126)
Inventory write down 742 5,065
Provision (recovery of) for doubtful accounts (241) 541
Gain from disposal of property and equipment (114) (248)
Realized gain on available for sale securities (275) 0
Changes in operating assets and liabilities:    
Accounts receivable 3,915 3,420
Inventory 3,037 (3,644)
Prepaid expenses and other assets 101 (1,126)
Accounts payable 958 (1,741)
Accrued and other liabilities (9,830) (4,779)
Contract liabilities (553) 759
Operating lease liability (3,071) (2,525)
Net cash used in operating activities (27,366) (86,478)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 502 560
Purchases of property and equipment (1,741) (1,973)
Purchase of short-term investments (49,720) (48,554)
Proceeds from sales of short-term investments 60,028 72,481
Cash and cash equivalents acquired in the Velodyne Merger 0 32,137
Net cash provided by investing activities 9,069 54,651
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from ESPP purchase 781 310
Proceeds from exercise of stock options 151 150
Proceeds from the issuance of common stock under at-the-market offering, net of commissions and fees 19,498 0
At-the-market offering costs for the issuance of common stock (95) 0
Net cash provided by financing activities 20,335 460
Effect of exchange rates on cash and cash equivalents (467) (56)
Net decrease in cash, cash equivalents and restricted cash 1,571 (31,423)
Cash, cash equivalents and restricted cash at beginning of period 52,634 124,278
Cash, cash equivalents and restricted cash at end of period 54,205 92,855
SUPPLEMENTAL DISCLOSURES OF OPERATING ACTIVITIES:    
Cash paid for interest 1,487 2,832
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Property and equipment purchases included in accounts payable and accrued liabilities 29 386
Common stock shares issued in the Velodyne Merger 0 297,425
Common stock warrants issued in the Velodyne Merger $ 0 $ 9,177