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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (15,408) $ (24,804)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation & amortization 3,262 844
Amortization of deferred financing fees and debt discount 161 346
Bad debt expense 242 0
Stock-based compensation expense 4,343 3,098
Increase in inventory reserves 319 0
Loss on extinguishment of debt 0 2,598
Change in fair value of warrant liabilities and derivatives (5,997) 3,899
Changes in operating assets and liabilities:    
Accounts receivable 1,383 818
Inventory (5,220) (24,851)
Prepaid expenses and other current assets (69) (1,329)
Other assets (11) (337)
Accounts payable and accrued expenses (2,497) (13,683)
Deferred revenue 2,932 3,478
Operating lease liabilities (746) 0
Other liabilities (119) (11,948)
Net cash used in operating activities (17,425) (61,871)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (4,735) (8,305)
Net cash used in investing activities (4,735) (8,305)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of finance fees 0 (494)
Payments of transaction costs 0 (24,667)
Payment of deferred underwriting fees 0 (8,902)
Payment of finance lease obligations (153) (150)
Proceeds from equity infusion from the Merger, net of redemptions 0 227,092
Proceeds from PIPE issuance 0 200,000
Proceeds from the exercise of stock options 154 197
Proceeds from the exercise of warrants 0 104
Payments of long-term debt 0 (39,457)
Net cash provided by financing activities 1 353,723
Effect of exchange rate changes on cash 5 2
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (22,154) 283,547
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—BEGINNING OF PERIOD 201,679 39,731
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD 179,525 323,278
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents 177,242 321,000
Restricted cash - Other noncurrent assets 2,283 2,278
Total cash, cash equivalents and restricted cash 179,525 323,278
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Purchases of property and equipment included in accounts payable and accrued liabilities 1,717 1,552
Cash paid for interest 73 702
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Establishment of operating lease 24,576 0
Conversion of preferred stock to common stock 0 59,987
Capital contribution related to extinguishment of debt 0 688
2025 Convertible Notes    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock related to convertible notes $ 0 $ 12,793