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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities    
Net loss $ (12,432) $ (15,557)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain from change in fair value of Sponsor Earn-Out liabilities (7,879) (875)
Stock-based compensation 3,973 4,784
Depreciation and amortization 2,516 1,721
Accretion income from available-for-sale short-term investments (782) (1,889)
Other (272) (894)
Changes in operating assets and liabilities:    
Receivable from related party   2,694
Accounts receivable (558)  
Inventories 58 121
Prepaid expenses and other assets (1,710) 4,993
Right-of-use assets 701 1,280
Deferred tax assets   (249)
Accounts payable (108)  
Lease liabilities (1,044) (1,471)
Accrued expenses and other liabilities (5,296) (3,637)
Net cash used in operating activities (22,833) (8,979)
Cash Flows From Investing Activities    
Purchases of property and equipment (916) (6,758)
Purchase of short-term investments (104,428)  
Proceeds from the maturities of short-term investments 55,500 60,000
Net cash (used in) provided by investing activities (49,844) 53,242
Cash Flows From Financing Activities    
Proceeds from stock option exercises 8 18
Net cash provided by financing activities 8 18
Effect of exchange rates on cash (76) (369)
Net (decrease) increase in cash, cash equivalents and restricted cash (72,745) 43,912
Cash, cash equivalents and restricted cash at beginning of period (Note 5) 129,395 86,966
Cash, cash equivalents and restricted cash at end of period (Note 5) 56,650 130,878
Supplemental Cash and Non-Cash Information:    
Income taxes paid   3
Accounts payable and accrued expenses related to purchases of property and equipment $ 1,174 $ 3,535