XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows From Operating Activities    
Net loss $ (29,174) $ (18,018)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 13,787 8,733
Accretion income from debt securities (5,851)  
Depreciation and amortization 2,317 986
Gain from change in fair value of Sponsor Earn-Out liability (3,495) (21,270)
Other (346) (584)
Changes in operating assets and liabilities:    
Receivable from related party (47) 2,522
Inventories 63  
Prepaid expenses and other assets (6,602) (4,119)
Accounts payable 2,332 2,317
Accrued expenses and other liabilities (3,849) 1,278
Net cash used in operating activities (30,865) (28,155)
Cash Flows From Investing Activities    
Purchases of property and equipment (7,787) (10,041)
Purchase of marketable securities (136,011)  
Maturities of marketable securities 120,000  
Net cash used in investing activities (23,798) (10,041)
Cash Flows From Financing Activities    
Proceeds from Business Combination and PIPE Financing, net of issuance costs   282,940
Proceeds from stock option exercises 77 42
Net cash provided by financing activities 77 282,982
Effect of exchange rates on cash (595) (676)
Net (decrease) increase in cash, cash equivalents and restricted cash (55,181) 244,110
Cash, cash equivalents and restricted cash at beginning of period (Note 4) 107,936 161,044
Cash, cash equivalents and restricted cash at end of period (Note 4) 52,755 405,154
Supplemental Non-Cash Information:    
Accounts payable and accrued expenses related to purchases of property and equipment 3,877 964
Lease liabilities arising from obtaining right-of-use assets $ 1,754  
Conversion of Redeemable Convertible Preferred Stock to shares of Class A Common Stock   (269,941)
Release of accrued transaction costs related to Business Combination and PIPE Financing   6,174
Liabilities acquired in the Business Combination   $ (387)