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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (11,663) $ (15,408)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation & amortization 2,868 1,871
Amortization of right-of-use assets 1,073 1,391
Amortization of deferred financing fees and debt discount 185 161
Bad debt expense 0 242
Stock-based compensation expense 3,225 4,343
Provision for inventory obsolescence reserve 600 319
Change in fair value of warrant liabilities and derivatives (1,304) (5,997)
Changes in operating assets and liabilities:    
Accounts receivable 1,427 1,383
Inventory 11,269 (5,220)
Prepaid expenses and other current assets (1,602) (69)
Other noncurrent assets (125) (11)
Accounts payable and accrued expenses (14,824) (2,497)
Deferred revenue (1,427) 2,932
Operating lease liabilities (917) (746)
Other liabilities 474 (119)
Net cash used in operating activities (10,741) (17,425)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (2,972) (4,735)
Net cash used in investing activities (2,972) (4,735)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of finance lease obligations (58) (153)
Proceeds from the exercise of stock options 81 154
Proceeds from issuance of common stock under ESPP 286 0
Tax payments related to the issuance of common stock (530) 0
Net cash provided by financing activities (221) 1
Effect of exchange rate changes on cash 2 5
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (13,932) (22,154)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—BEGINNING OF PERIOD 183,068 201,679
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—END OF PERIOD 169,136 179,525
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents 163,923 177,242
Restricted cash - Other noncurrent assets 5,213 2,283
Total cash, cash equivalents and restricted cash 169,136 179,525
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Purchases of property and equipment included in accounts payable and accrued liabilities 97 1,717
Cash paid for interest 45 73
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Establishment of operating lease $ 0 $ 24,576