7Baggers
Quarterly
Annual
    Unit: USD2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 
      
    		              
      cash flows from operating activities:
    		              
      net income
    		-39,944,000 -38,600,000 -46,180,000 -44,046,000 -43,971,000 -41,444,000 -40,781,000 -43,839,000 -36,892,000 -41,232,000 -30,470,000 -30,208,000 -30,025,000 -32,043,000 
      adjustments to reconcile net income to net cash from operating activities:
    		              
      stock-based compensation expense
    		8,203,000 9,098,000 10,893,000 10,105,000 8,538,000 7,353,000 7,430,000 7,414,000 5,006,000 4,792,000 2,864,000 3,937,000 5,852,000  
      depreciation and amortization
    		1,460,000 1,446,000 1,466,000 1,514,000 1,384,000 1,269,000 1,314,000 1,324,000 1,262,000 1,296,000 1,313,000 1,307,000 1,246,000 1,930,000 
      non-cash lease expense
    		346,000 352,000 316,000 308,000 295,000 288,000 282,000 275,000 269,000 263,000 258,000 252,000 249,000 245,000 
      non-cash interest expense
    		607,000 451,000 463,000 451,000 463,000 -45,000 144,000 142,000 140,000 143,000 144,000 142,000 140,000 144,000 
      accretion (amortization) of discount (premium) on investments
    		-1,577,000 -1,270,000 -1,746,000 -1,803,000 -1,550,000          
      benefit from inventories
    		450,000 61,000 -196,000 -2,000 870,000 993,000 809,000 312,000 496,000 257,000 441,000 210,000 115,000 91,000 
      other non-cash items
    		-1,000 43,000 67,000 198,000 -18,000 50,000 -3,000 26,000 3,000      
      changes in operating assets and liabilities:
    		              
      accounts receivable
    		-3,497,000 2,470,000 1,355,000 -2,695,000 -6,224,000 -5,585,000 2,115,000 2,263,000 -1,299,000 -6,299,000 -2,892,000 -4,300,000 -5,646,000 631,000 
      inventories
    		-6,981,000 -960,000 -3,507,000 3,241,000 2,873,000 2,962,000 -2,381,000 -11,127,000 -4,184,000 -4,117,000 -5,809,000 -4,869,000 -7,247,000 -7,051,000 
      prepaid expenses and other assets
    		-400,000 299,000 -756,000 627,000 569,000 -1,943,000 658,000 -67,000 137,000 1,142,000 148,000 1,551,000 -981,000 -848,000 
      accounts payable
    		945,000 3,061,000 569,000 207,000 1,475,000 -706,000 -1,259,000 -2,592,000 3,276,000 -915,000 358,000 -4,122,000 1,613,000 369,000 
      accrued compensation and related benefits
    		-4,462,000 -2,540,000 4,083,000 3,042,000 -7,100,000          
      accrued expenses and other current liabilities
    		-1,367,000 1,487,000 -388,000 -1,383,000 -2,337,000 -665,000 -5,890,000 4,140,000 4,226,000 2,393,000 1,988,000 1,344,000 164,000 -338,000 
      accrued warranty liability
    		-512,000 -356,000 -100,000 598,000 -51,000 165,000 12,000 -184,000 -76,000 470,000 161,000 213,000 -53,000 -345,000 
      deferred revenue
    		1,197,000 901,000 -16,000 1,789,000 341,000 846,000 10,000 930,000 375,000 1,331,000 433,000 812,000 305,000 -927,000 
      operating lease liabilities
    		-379,000 -385,000 -322,000 -327,000 -313,000 -306,000 -296,000 -277,000 -271,000 -265,000 -257,000 -191,000 -169,000 -164,000 
      net cash from operating activities
    		-45,912,000 -24,442,000 -33,999,000 -28,176,000 -44,756,000 -34,507,000 -34,312,000 -38,575,000 -38,335,000 -32,676,000 -28,131,000 -30,841,000 -38,616,000 -25,840,000 
      capex
    		-354,000 -1,053,000 -782,000 -795,000 -810,000 -2,109,000 -2,741,000 -1,997,000 -1,478,000 -851,000 -491,000 -847,000 -919,000 -2,662,000 
      free cash flows
    		-46,266,000 -25,495,000 -34,781,000 -28,971,000 -45,566,000 -36,616,000 -37,053,000 -40,572,000 -39,813,000 -33,527,000 -28,622,000 -31,688,000 -39,535,000 -28,502,000 
      cash flows from investing activities:
    		              
      purchases of property and equipment
    		-354,000 -1,053,000 -782,000 -795,000 -810,000 -2,109,000 -2,741,000 -1,997,000 -1,478,000 -851,000 -491,000 -847,000 -919,000 -2,662,000 
      purchases of investment securities
    		-98,652,000 -51,022,000 -23,413,000 -29,702,000 -68,147,000 -92,539,000 -35,600,000 -68,303,000 -64,712,000 -30,300,000 -25,731,000    
      maturities of investment securities
    		39,975,000 75,500,000 54,000,000 57,650,000 71,600,000          
      net cash from investing activities
    		-59,031,000 23,425,000 29,805,000 27,153,000 2,643,000 -51,748,000 20,159,000 -1,316,000 -33,390,000 -16,418,000 -21,822,000 -97,460,000 -6,807,000 10,358,000 
      cash flows from financing activities:
    		              
      proceeds from stock option exercises and espp purchases
    		2,086,000              
      proceeds from issuance of term loans, net of issuance costs
    		66,524,000              
      net cash from financing activities
    		68,610,000 33,229,000 4,103,000 1,043,000 5,277,000 65,600,000 2,533,000 1,042,000 3,723,000 934,000 6,187,000 150,808,000 2,218,000 -873,000 
      net decrease in cash, cash equivalents and restricted cash
    		-36,333,000 32,212,000 -91,000 20,000 -36,836,000  -11,620,000 -38,849,000 -68,002,000      
      cash, cash equivalents and restricted cash as of beginning of period
    		71,838,000 0 0 0 76,533,000 0 0 0 215,659,000 0 0 0 328,283,000 0 
      cash, cash equivalents and restricted cash as of end of period
    		35,505,000 32,212,000 -91,000 20,000 39,697,000 -20,655,000 -11,620,000 -38,849,000 147,657,000 -48,160,000 -43,766,000 22,507,000 285,078,000 -16,355,000 
      supplemental cash flow disclosures:
    		              
      cash paid for income taxes
    		256,000 88,000 92,000 110,000 201,000 51,000 51,000 78,000 205,000 11,000 30,000    
      cash paid for interest
    		4,924,000 9,011,000 -3,295,000 2,652,000 2,479,000 2,141,000 423,000 339,000 282,000 288,000 709,000 -133,000 282,000 1,089,000 
      cash paid for amounts included in the measurement of operating lease liabilities
    		379,000 385,000 322,000 327,000 313,000 306,000 296,000 277,000 271,000 265,000 257,000 191,000 169,000  
      supplemental non-cash investing and financing activities:
    		              
      capital expenditures included in accounts payable and accrued expenses
    		37,000  -9,000 161,000 55,000  -1,057,000 706,000 907,000    238,000  
      transfer of inventories to property and equipment
    		93,000              
      loss on extinguishment of term loan
    		             0 
      accrued interest
    		             0 
      repayment of term loan and extinguishment costs
    		             0 
      proceeds from issuance of common stock upon the follow-on public offering, net of issuance costs
    		              
      proceeds from stock option exercises and employee stock purchase plan purchases
    		  4,103,000 1,043,000 5,277,000 609,000 2,668,000 1,042,000 3,723,000 934,000 6,187,000 1,723,000 2,218,000  
      payment of deferred financing costs
    		              
      right-of-use assets obtained in exchange for operating lease liabilities
    		  -14,000            
      accretion of discount on investments
    		     -632,000 46,000 368,000 667,000  738,000 375,000 60,000  
      accrued payroll and related benefits
    		     2,247,000 3,478,000 2,317,000 -11,470,000 7,190,000 2,451,000 2,706,000 -4,244,000 5,995,000 
      sales and maturities of investment securities
    		     42,900,000 58,500,000 68,984,000 32,800,000 14,733,000 4,400,000    
      proceeds from issuance of term loan, net of issuance costs
    		             0 
      proceeds from issuance of common stock upon initial and follow-on public offerings, net of issuance costs
    		         0     
      proceeds from issuance of redeemable convertible preferred stock, net of issuance costs
    		             0 
      proceeds from cash exercise of redeemable convertible preferred stock warrants
    		             0 
      net increase in cash, cash equivalents and restricted cash
    		         -48,160,000 -43,766,000 22,507,000 -43,205,000 -16,355,000 
      proceeds from issuance of common stock upon follow-on public offerings, net of issuance costs
    		              
      transfer of property and equipment to inventories
    		              
      benefit from accounts receivable
    		         0 0 0 5,000 -17,000 
      loss on disposal of property and equipment
    		             230,000 
      change in fair value of redeemable convertible preferred stock warrant liability
    		             0 
      repayment of finance lease
    		             -1,000 
      proceeds from exercise of common stock warrant
    		              
      payment of redeemable convertible preferred stock issuance costs
    		              
      proceeds from issuance of common stock upon follow-on public offering, net of issuance costs
    		              
      payment of deferred offering costs
    		              
      purchases of short-term investments
    		            -25,788,000 0 
      sales and maturities of short-term investments
    		            19,900,000 12,989,000 
      deemed dividend on settlement of accrued dividend
    		              
      adjustment to redemption value on redeemable convertible preferred stock
    		              
      issuance of common stock on settlement of accrued dividend
    		              
      amortization (accretion) of premium (discount) on investments
    		             -10,000 
      proceed from sales of property and equipment
    		              
      proceeds from issuance of common stock upon initial public offering, net of issuance costs paid
    		             -923,000 
      proceeds from stock option exercises
    		             51,000 
      stock-based compensation
    		              
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.