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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net loss $ (18,053) $ (48,702)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 26,514 26,454
Depreciation and amortization 7,364 7,093
Asset impairments and write-downs 0 1,000
Amortization of right-of-use assets 2,816 2,652
Unrealized loss on long-term marketable equity securities 0 852
Revaluation of contingent consideration to estimated fair value 529 488
Amortization of premium and accretion of discount on short-term marketable securities, net 821 (2,091)
Revaluation of common stock warrant liability to estimated fair value 0 (10)
Changes in operating assets and liabilities:    
Accounts receivable (15,207) 15,225
Inventory (225) 12
Prepaid and other assets 769 2,101
Operating lease liabilities, net (2,882) (2,677)
Accounts payable (6,920) 14
Accrued compensation 5,504 (2,528)
Accrued and other liabilities 2,693 289
Change in deferred taxes (86) 0
Net cash provided by operating activities 3,637 172
Investing activities:    
Acquisitions of business, net of cash acquired 0 (4,562)
Purchases of short-term marketable securities (93,212) (135,271)
Maturities of short-term marketable securities 112,523 145,643
Purchase of corporate equity securities 0 (100)
Additions of capital expenditures (3,277) (5,133)
Net cash provided by investing activities 16,034 577
Financing activities:    
Proceeds from issuance of common stock under employee stock purchase plan 532 456
Taxes paid related to net share settlement of restricted stock units (4,266) (2,164)
Proceeds from exercise of warrants 0 4
Proceeds from exercise of stock options 131 7
Payment of contingent consideration on acquisitions (2,000) (250)
Repurchase and retirement of common stock (522) (757)
Net cash used in financing activities (6,125) (2,704)
Effect of exchange rate changes on cash and cash equivalents 41 (118)
Net increase (decrease) in cash, cash equivalents and restricted cash 13,587 (2,073)
Cash, cash equivalents and restricted cash at beginning of period 82,783 90,443
Cash, cash equivalents and restricted cash at end of period $ 96,370 $ 88,370