v3.25.1
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 $ (9,371) $ (9,886)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,822 1,247
Depreciation and amortization 943 1,017
Non-cash operating lease expense 1,286 1,286
Other non-cash items 275 0
Changes in operating assets and liabilities:    
Accounts receivable, net (5,092) (177)
Inventories 2,571 (128)
Deferred costs 0 (148)
Prepaid expenses and other current assets (1,653) (719)
Other assets 10 9
Accounts payable (1,697) 352
Accrued and other current liabilities (2,512) (2,163)
Deferred revenue 140 (191)
Operating lease liabilities (848) (278)
Net cash used in operating activities (14,126) (9,779)
Cash flows from investing activities:    
Purchase of property, plant and equipment (913) (3,896)
Net cash used in investing activities (913) (3,896)
Cash flows from financing activities:    
Proceeds from issuance of common stock in connection with the At Market Issuance Sales Agreement 8,457 8,131
Proceeds from exercise of stock options 48 28
Net cash provided by financing activities 8,505 8,159
Net decrease in cash, cash equivalents and restricted cash equivalents (6,534) (5,516)
Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents (4) 0
Cash, cash equivalents and restricted cash equivalents, beginning of period 56,411 45,817
Cash, cash equivalents and restricted cash equivalents, end of period 49,873 40,301
Reconciliation of cash, cash equivalents and restricted cash equivalents shown on the condensed consolidated balance sheets:    
Cash and cash equivalents 48,417 39,045
Restricted cash equivalents included in prepaid expenses and other current assets 200 0
Restricted cash equivalents included in other assets 1,256 1,256
Total cash, cash equivalents and restricted cash equivalents 49,873 40,301
Supplemental non-cash investing and financing activities:    
Unpaid purchases of property, plant and equipment $ 546 $ 163

Source

10-Q PDF XBRL Zip