Quanterix Corporation(NASDAQ:QTRX)

Quanterix Corporation, a life sciences company, develops and markets digital immunoassay platforms that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers HD-X instrument, a sensitiv...
Website: http://www.quanterix.com
Founded: 2007
Full Time Employees: 248
Sector: Healthcare
Industry: Medical Devices
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 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 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues: | ||||||||||||||||||||||||||||||||
product revenue | 25,479,000 | 29,218,000 | 26,151,000 | 16,832,000 | 20,739,000 | 20,489,000 | 19,694,000 | 19,887,000 | 19,670,000 | 20,821,000 | 19,660,000 | 19,692,000 | 19,287,000 | 16,674,000 | 17,693,000 | 14,785,000 | 20,656,000 | 23,476,000 | 11,662,000 | 6,790,000 | 18,248,000 | 8,776,000 | 9,833,000 | 11,432,000 | 5,962,000 | 5,200,000 | 9,547,000 | 5,962,000 | 5,200,000 | 4,745,000 | ||
service and other revenue | 10,376,000 | 14,406,000 | 13,953,000 | 7,090,000 | 8,763,000 | 11,921,000 | 13,845,000 | 13,511,000 | 11,967,000 | 10,230,000 | 10,938,000 | 10,552,000 | 8,579,000 | 8,767,000 | 8,370,000 | 8,548,000 | 8,810,000 | 5,674,000 | 6,552,000 | 6,317,000 | 6,409,000 | 5,498,000 | 4,207,000 | 4,760,000 | 5,762,000 | 4,302,000 | 3,017,000 | 3,174,000 | 2,790,000 | 3,017,000 | 3,174,000 | 2,507,000 |
collaboration and license revenue | 560,000 | 153,000 | 46,000 | 532,000 | 771,000 | 1,696,000 | 1,872,000 | 729,000 | 155,000 | 146,000 | 237,000 | 629,000 | 121,500 | 11,246,000 | 23,000 | 261,000 | 408,000 | 132,000 | 1,612,000 | 269,000 | 1,612,000 | 269,000 | 269,000 | |||||||||
total revenues | 36,415,000 | 43,855,000 | 40,233,000 | 24,476,000 | 30,333,000 | 35,161,000 | 35,813,000 | 34,381,000 | 32,066,000 | 31,549,000 | 31,334,000 | 31,029,000 | 28,456,000 | 25,824,000 | 26,646,000 | 23,500,000 | 29,552,000 | 30,287,000 | 31,389,000 | 13,130,000 | 27,209,000 | 26,131,000 | 14,944,000 | 13,536,000 | 15,727,000 | 15,918,000 | 10,591,000 | 8,643,000 | 12,337,000 | 10,591,000 | 8,643,000 | 7,521,000 |
yoy | 20.05% | 24.73% | 12.34% | -28.81% | -5.40% | 11.45% | 14.29% | 10.80% | 12.69% | 22.17% | 17.59% | 32.04% | -3.71% | -14.74% | -15.11% | 78.98% | 8.61% | 15.90% | 110.04% | -3.00% | 73.01% | 64.16% | 41.10% | 56.61% | 27.48% | 50.30% | 22.54% | 14.92% | ||||
qoq | -16.96% | 9.00% | 64.38% | -19.31% | -13.73% | -1.82% | 4.17% | 7.22% | 1.64% | 0.69% | 0.98% | 9.04% | 10.19% | -3.08% | 13.39% | -20.48% | -2.43% | -3.51% | 139.06% | -51.74% | 4.13% | 74.86% | 10.40% | -13.93% | -1.20% | 50.30% | 22.54% | -29.94% | 16.49% | 22.54% | 14.92% | |
costs of goods sold and services: | ||||||||||||||||||||||||||||||||
cost of product revenue | 15,140,000 | 16,543,000 | 15,379,000 | 9,295,000 | 9,764,000 | 7,843,000 | 10,554,000 | 8,851,000 | 7,145,000 | 10,025,000 | 8,342,000 | 7,236,000 | 7,033,000 | 9,631,000 | 10,511,000 | 9,921,000 | 10,746,000 | 9,916,000 | 6,387,000 | 5,416,000 | 7,480,000 | 7,961,000 | 5,513,000 | 4,455,000 | 6,186,000 | 6,683,000 | 3,277,000 | 2,945,000 | 4,248,000 | 3,277,000 | 2,945,000 | 2,773,000 |
cost of service and other revenue | 5,709,000 | 7,274,000 | 7,648,000 | 3,881,000 | 4,154,000 | 5,149,000 | 5,106,000 | 5,472,000 | 5,295,000 | 4,725,000 | 5,209,000 | 4,655,000 | 4,497,000 | 3,601,000 | 5,191,000 | 4,868,000 | 4,247,000 | 4,110,000 | 2,896,000 | 2,501,000 | ||||||||||||
total costs of goods sold and services | 20,849,000 | 23,817,000 | 23,027,000 | 13,176,000 | 13,918,000 | 12,992,000 | 15,660,000 | 14,323,000 | 12,440,000 | 14,750,000 | 13,551,000 | 11,891,000 | 11,530,000 | 11,371,000 | 15,702,000 | 14,789,000 | 14,993,000 | 7,917,000 | 10,860,000 | 6,605,000 | 8,914,000 | 9,051,000 | 4,996,000 | 4,670,000 | 6,330,000 | 4,996,000 | ||||||
gross profit | 15,566,000 | 20,038,000 | 17,206,000 | 11,300,000 | 16,415,000 | 22,169,000 | 20,153,000 | 20,058,000 | 19,626,000 | 16,799,000 | 17,783,000 | 19,138,000 | 16,926,000 | 12,592,000 | 10,944,000 | 8,711,000 | 14,559,000 | 16,261,000 | 21,106,000 | 5,213,000 | 16,349,000 | 15,050,000 | 7,033,000 | 6,931,000 | 6,813,000 | 6,867,000 | 5,595,000 | 3,973,000 | 6,007,000 | 5,595,000 | ||
yoy | -5.17% | -9.61% | -14.62% | -43.66% | -16.36% | 31.97% | 13.33% | 4.81% | 15.95% | 33.41% | 62.49% | 119.70% | 16.26% | -22.56% | -48.15% | 67.10% | -10.95% | 8.05% | 200.10% | -24.79% | 139.97% | 119.16% | 25.70% | 74.45% | 13.42% | 22.73% | ||||||
qoq | -22.32% | 16.46% | 52.27% | -31.16% | -25.96% | 10.00% | 0.47% | 2.20% | 16.83% | -5.53% | -7.08% | 13.07% | 34.42% | 15.06% | 25.63% | -40.17% | -10.47% | -22.96% | 304.87% | -68.11% | 8.63% | 113.99% | 1.47% | 1.73% | -0.79% | 22.73% | 40.83% | -33.86% | 7.36% | |||
gross margin % | 42.75% | 45.69% | 42.77% | 46.17% | 54.12% | 63.05% | 56.27% | 58.34% | 61.21% | 53.25% | 56.75% | 61.68% | 59.48% | 48.76% | 41.07% | 37.07% | 49.27% | 53.69% | 67.24% | 39.70% | 60.09% | 57.59% | 47.06% | 51.20% | 43.32% | 43.14% | 52.83% | 45.97% | 48.69% | 52.83% | 0% | 0% |
operating expenses: | ||||||||||||||||||||||||||||||||
research and development | 7,323,000 | 8,796,000 | 8,009,000 | 9,081,000 | 10,036,000 | 8,067,000 | 8,104,000 | 8,104,000 | 6,675,000 | 6,991,000 | 7,200,000 | 5,946,000 | 4,720,000 | 5,072,500 | 6,631,000 | 6,625,000 | 7,034,000 | 7,734,000 | 5,377,000 | 4,312,000 | 6,683,000 | 6,217,000 | 3,924,000 | 4,016,000 | 4,268,000 | 4,398,000 | 4,411,000 | 3,705,000 | 3,852,000 | 4,411,000 | 3,705,000 | 3,644,000 |
selling, general and administrative | 29,770,000 | 35,136,000 | 39,062,000 | 31,353,000 | 32,457,000 | 28,591,000 | 22,908,000 | 24,135,000 | 25,993,000 | 24,172,000 | 23,595,000 | 21,591,000 | 20,883,000 | 19,272,000 | 19,966,000 | 27,045,000 | 25,712,000 | 28,423,000 | 13,451,000 | 13,102,000 | 19,455,000 | 18,766,000 | 13,352,000 | 13,429,000 | 14,273,000 | 13,953,000 | 8,846,000 | 7,579,000 | 11,512,000 | 8,846,000 | 7,579,000 | 6,691,000 |
impairment | 19,835,000 | |||||||||||||||||||||||||||||||
total operating expenses | 56,928,000 | 44,789,000 | 54,531,000 | 48,400,000 | 42,781,000 | 36,938,000 | 31,901,000 | 33,166,000 | 33,592,000 | 33,749,000 | 31,553,000 | 28,699,000 | 26,346,000 | 34,547,000 | 47,547,000 | 33,670,000 | 32,746,000 | 36,157,000 | 18,828,000 | 17,414,000 | 26,138,000 | 24,983,000 | 17,276,000 | 17,445,000 | 18,541,000 | 18,351,000 | 13,257,000 | 11,284,000 | 15,364,000 | 13,257,000 | 15,954,000 | 14,684,000 |
income from operations | -41,362,000 | -24,751,000 | -37,325,000 | -37,100,000 | -26,366,000 | -14,769,000 | -11,748,000 | -13,108,000 | -13,966,000 | -16,950,000 | -13,770,000 | -9,561,000 | -9,420,000 | -21,955,000 | -36,603,000 | -24,959,000 | -18,187,000 | -19,896,000 | 2,278,000 | -12,201,000 | -9,789,000 | -9,933,000 | -10,243,000 | -10,514,000 | -11,728,000 | -11,484,000 | -7,662,000 | -7,311,000 | ||||
yoy | 56.88% | 67.59% | 217.71% | 183.03% | 88.79% | -12.87% | -14.68% | 37.10% | 48.26% | -22.80% | -62.38% | -61.69% | -48.20% | 10.35% | -1706.80% | 104.57% | 85.79% | 100.30% | -122.24% | 16.05% | -16.53% | -13.51% | 33.69% | 43.81% | ||||||||
qoq | 67.11% | -33.69% | 0.61% | 40.71% | 78.52% | 25.72% | -10.38% | -6.14% | -17.60% | 23.09% | 44.02% | 1.50% | -57.09% | -40.02% | 46.65% | 37.24% | -8.59% | -973.40% | -118.67% | 24.64% | -1.45% | -3.03% | -2.58% | -10.35% | 2.12% | 49.88% | 4.80% | |||||
operating margin % | -113.59% | -56.44% | -92.77% | -151.58% | -86.92% | -42.00% | -32.80% | -38.13% | -43.55% | -53.73% | -43.95% | -30.81% | -33.10% | -85.02% | -137.37% | -106.21% | -61.54% | -65.69% | 7.26% | -92.92% | -35.98% | -38.01% | -68.54% | -77.67% | -74.57% | -72.14% | -72.34% | -84.59% | 0% | 0% | 0% | 0% |
other income, net: | ||||||||||||||||||||||||||||||||
interest income | 892,000 | 1,159,000 | 1,448,000 | 2,692,000 | 3,267,000 | 3,490,000 | 3,535,000 | 3,681,000 | 3,948,000 | 4,319,000 | 4,185,000 | 3,886,000 | 3,449,000 | 2,815,000 | 1,712,000 | 552,000 | 52,000 | -108,000 | -163,000 | -166,000 | 282,000 | 42,000 | 161,000 | 281,000 | 30,000 | 16,000 | 30,000 | 16,000 | ||||
change in fair value of contingent liabilities | 1,501,000 | 595,000 | 58,000 | |||||||||||||||||||||||||||||
other income | 21,421,000 | 225,000 | -178,000 | 49,000 | 61,000 | -357,000 | 5,000 | -9,000 | 206,000 | 363,000 | 2,030,000 | 8,000 | 614,000 | -101,000 | -358,000 | -213,000 | -26,000 | -11,000 | -68,000 | -167,000 | 139,000 | -25,000 | -48,000 | |||||||||
income before income taxes | -17,548,000 | -22,772,000 | -35,997,000 | -30,086,000 | -23,417,000 | -11,636,000 | -8,208,000 | -9,436,000 | -9,812,000 | -12,268,000 | -7,555,000 | -5,829,000 | -5,963,000 | -18,526,000 | -34,992,000 | -24,765,000 | -18,352,000 | -20,094,000 | 2,092,000 | -12,320,000 | -10,146,000 | -9,944,000 | -9,995,000 | -10,540,000 | -11,734,000 | |||||||
income tax provision | 7,000 | -345,000 | 2,480,000 | 73,000 | 2,913,000 | 8,000 | -145,000 | -37,000 | -260,000 | -141,000 | -203,000 | -235,000 | -140,000 | -75,000 | 72,000 | 137,000 | 199,000 | 68,000 | 111,000 | 18,000 | 42,000 | 123,000 | 125,000 | -23,000 | 124,000 | 268,000 | 22,000 | |||||
net income | -17,541,000 | -23,117,000 | -33,517,000 | -30,013,000 | -20,504,000 | -11,628,000 | -8,353,000 | -9,473,000 | -10,072,000 | -12,409,000 | -7,758,000 | -6,064,000 | -6,103,000 | -18,581,000 | -35,064,000 | -24,902,000 | -18,153,000 | -20,026,000 | 2,203,000 | -12,302,000 | -10,104,000 | -9,821,000 | -9,870,000 | -10,563,000 | -11,610,000 | -10,958,000 | -7,657,000 | -7,343,000 | -9,405,000 | -7,657,000 | -7,343,000 | -7,202,000 |
yoy | -14.45% | 98.80% | 301.26% | 216.83% | 103.57% | -6.29% | 7.67% | 56.22% | 65.03% | -33.22% | -77.87% | -75.65% | -66.38% | -7.22% | -1691.65% | 102.42% | 79.66% | 103.91% | -122.32% | 16.46% | -12.97% | -10.38% | 28.90% | 43.85% | 23.44% | 43.11% | 4.28% | 1.96% | ||||
qoq | -24.12% | -31.03% | 11.67% | 46.38% | 76.33% | 39.21% | -11.82% | -5.95% | -18.83% | 59.95% | 27.94% | -0.64% | -67.15% | -47.01% | 40.81% | 37.18% | -9.35% | -1009.03% | -117.91% | 21.75% | 2.88% | -0.50% | -6.56% | -9.02% | 5.95% | 43.11% | 4.28% | -21.92% | 22.83% | 4.28% | 1.96% | |
net income margin % | -48.17% | -52.71% | -83.31% | -122.62% | -67.60% | -33.07% | -23.32% | -27.55% | -31.41% | -39.33% | -24.76% | -19.54% | -21.45% | -71.95% | -131.59% | -105.97% | -61.43% | -66.12% | 7.02% | -93.69% | -37.13% | -37.58% | -66.05% | -78.04% | -73.82% | -68.84% | -72.30% | -84.96% | -76.23% | -72.30% | -84.96% | -95.76% |
net loss per common share, basic and diluted | -370 | -470 | -730 | -770 | -530 | -300 | -220 | -250 | -260 | -330 | -210 | -160 | ||||||||||||||||||||
weighted-average common shares outstanding, basic and diluted | 46,979,000 | 42,639,000 | 46,060,000 | 38,893,000 | 38,718,000 | 38,367,000 | 38,449,000 | 38,338,000 | 38,126,000 | 37,594,000 | 37,657,000 | 37,494,000 | 37,326,559 | 36,990,965 | 37,004,596 | 36,922,468 | 36,850,894 | 35,997,473 | 28,312,925 | 34,434,931 | 29,589,132 | 23,213,653 | 28,179,132 | 25,090,708 | 22,070,786 | 21,890,978 | 22,422,960 | 22,070,786 | 21,890,978 | 21,788,605 | ||
grant revenue | 78,000 | 83,000 | 22,000 | 60,000 | 1,055,000 | 402,000 | 254,000 | 274,000 | 352,000 | 499,000 | 156,000 | 222,000 | 213,000 | 282,000 | 75,000 | 975,000 | 1,929,000 | 2,291,000 | 4,493,000 | |||||||||||||
other lease costs | -26,000 | 286,000 | 296,000 | 288,000 | 280,000 | 889,000 | 927,000 | 924,000 | 1,016,000 | 758,000 | 1,162,000 | 776,000 | 669,000 | 609,000 | ||||||||||||||||||
impairment and restructuring costs | 3,711,000 | 7,174,000 | 7,670,000 | |||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||
change in fair value of contingent consideration | 4,273,000 | -379,000 | ||||||||||||||||||||||||||||||
impairment and restructuring | 1,570,000 | |||||||||||||||||||||||||||||||
restructuring | -33,000 | 329,000 | 3,426,000 | |||||||||||||||||||||||||||||
other expense | -154,000 | -217,000 | -194,000 | 155,000 | -34,000 | |||||||||||||||||||||||||||
collaboration revenue | 368,000 | 170,000 | 301,000 | 92,000 | 86,000 | |||||||||||||||||||||||||||
costs of goods sold: | ||||||||||||||||||||||||||||||||
net income per share | -0.16 | -0.49 | -0.95 | -0.67 | -0.49 | -0.55 | 0.07 | -0.43 | -0.29 | -0.32 | -0.37 | -0.46 | -0.41 | -0.39 | -0.35 | -0.34 | -0.35 | -0.34 | -0.33 | |||||||||||||
goodwill impairment | 8,220,000 | |||||||||||||||||||||||||||||||
impairment expense | 8,677,000 | 8,695,000 | ||||||||||||||||||||||||||||||
cost of collaboration and license revenue | 1,000,000 | |||||||||||||||||||||||||||||||
total costs of goods sold, services, and licenses | 14,026,000 | 10,283,000 | 11,081,000 | 7,911,000 | ||||||||||||||||||||||||||||
interest expense | -104,500 | -160,000 | ||||||||||||||||||||||||||||||
weighted-average common shares outstanding, basic | 30,139,157 | 26,627,831 | ||||||||||||||||||||||||||||||
weighted-average common shares outstanding, diluted | 31,386,439 | 26,627,831 | ||||||||||||||||||||||||||||||
cost of services and other revenue | 3,380,000 | 3,120,000 | 2,398,000 | 2,150,000 | 2,728,000 | 2,368,000 | 1,719,000 | 1,725,000 | 2,082,000 | 1,719,000 | 1,725,000 | 1,576,000 | ||||||||||||||||||||
product revenue (including related party activity of 126 and 321 for the three months ended september 30, 2020 and 2019, respectively, and 398 and 526 for the nine months ended september 30, 2020 and 2019, respectively | 7,071,250 | 10,737,000 | ||||||||||||||||||||||||||||||
operating expense: | ||||||||||||||||||||||||||||||||
loss before income tax | -7,479,750 | -7,657,000 | -7,343,000 | |||||||||||||||||||||||||||||
interest income (expense) | 21,000 | |||||||||||||||||||||||||||||||
other (expense) income | ||||||||||||||||||||||||||||||||
reconciliation of net loss to net loss attributable to common stockholders: | ||||||||||||||||||||||||||||||||
accretion of preferred stock to redemption value | ||||||||||||||||||||||||||||||||
accrued dividends on preferred stock | ||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -7,657,000 | -7,343,000 | -7,202,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 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 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 |
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assets | ||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||
cash and cash equivalents | 36,182,000 | 29,839,000 | 38,298,000 | 132,896,000 | 76,508,000 | 56,709,000 | 29,339,000 | 47,002,000 | 45,281,000 | 174,422,000 | 201,261,000 | 329,525,000 | 329,354,000 | 338,740,000 | 343,743,000 | 361,293,000 | 374,317,000 | 396,465,000 | 410,747,000 | 430,780,000 | 442,672,000 | 181,584,000 | 173,162,000 | 88,806,000 | 96,359,000 | 109,155,000 | 113,327,000 | 72,025,000 | 33,972,000 | 51,423,000 | 60,474,000 | 65,231,000 |
marketable securities | 63,083,000 | 88,393,000 | 96,511,000 | 128,276,000 | 190,369,000 | 232,413,000 | 264,184,000 | 249,853,000 | 256,640,000 | 146,902,000 | 126,449,000 | |||||||||||||||||||||
accounts receivable | 26,776,000 | 29,972,000 | 33,029,000 | 23,549,000 | 28,258,000 | 32,141,000 | 31,089,000 | 31,784,000 | 29,276,000 | 25,414,000 | 24,083,000 | 24,423,000 | 22,546,000 | 19,017,000 | 18,330,000 | 19,683,000 | 22,616,000 | 23,786,000 | 18,434,000 | 15,430,000 | 14,936,000 | 17,184,000 | 26,262,000 | 9,526,000 | 12,065,000 | 10,906,000 | 11,914,000 | 9,134,000 | 7,303,000 | 4,648,000 | 3,586,000 | 4,661,000 |
inventory | 50,959,000 | 54,763,000 | 54,957,000 | 30,142,000 | 31,028,000 | 32,775,000 | 32,969,000 | 28,363,000 | 26,015,000 | 22,365,000 | 19,945,000 | 18,156,000 | 17,070,000 | 16,786,000 | 18,236,000 | 21,985,000 | 22,669,000 | 22,190,000 | 22,794,000 | 21,225,000 | 17,044,000 | 14,856,000 | 13,274,000 | 13,789,000 | 11,392,000 | 10,463,000 | 11,161,000 | 8,850,000 | 7,742,000 | 5,375,000 | 5,486,000 | 5,332,000 |
prepaid expenses and other current assets | 8,725,000 | 9,290,000 | 10,483,000 | 7,254,000 | 8,839,000 | 9,556,000 | 9,378,000 | 8,724,000 | 9,551,000 | 9,291,000 | 9,273,000 | 6,954,000 | 7,002,000 | 6,860,000 | 6,475,000 | 10,237,000 | 14,104,000 | 6,514,000 | 7,454,000 | 9,005,000 | 7,791,000 | 5,981,000 | 2,230,000 | 2,117,000 | 2,722,000 | 2,137,000 | 2,297,000 | 2,377,000 | 2,502,000 | 1,255,000 | 1,152,000 | 1,393,000 |
total current assets | 185,725,000 | 212,257,000 | 233,278,000 | 322,117,000 | 335,002,000 | 363,594,000 | 366,960,000 | 365,726,000 | 366,763,000 | 378,394,000 | 381,011,000 | 379,058,000 | 375,972,000 | 381,403,000 | 386,784,000 | 413,198,000 | 433,706,000 | 448,955,000 | 459,429,000 | 476,440,000 | 482,443,000 | 219,605,000 | 214,928,000 | 114,238,000 | 122,538,000 | 132,661,000 | 138,699,000 | 92,386,000 | 51,519,000 | 62,701,000 | 70,698,000 | 76,617,000 |
restricted cash | 3,344,000 | 3,341,000 | 3,336,000 | 2,641,000 | 2,639,000 | 2,610,000 | 2,609,000 | 2,607,000 | 2,605,000 | 2,604,000 | 2,647,000 | 2,686,000 | 2,920,000 | 2,597,000 | 2,596,000 | 2,594,000 | 2,577,000 | 2,577,000 | 1,658,000 | 1,400,000 | 1,400,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,026,000 | 1,026,000 | 1,026,000 | 1,019,000 | 1,000,000 | ||
property and equipment | 21,369,000 | 23,672,000 | 25,765,000 | 15,748,000 | 16,457,000 | 17,150,000 | 17,662,000 | 18,205,000 | 17,492,000 | 17,926,000 | 17,517,000 | 18,328,000 | 19,056,000 | 20,162,000 | 21,441,000 | 22,295,000 | 19,683,000 | 17,960,000 | 16,466,000 | 15,778,000 | 14,183,000 | 13,912,000 | 12,827,000 | 12,353,000 | 11,992,000 | 12,047,000 | 12,064,000 | 12,082,000 | 8,582,000 | 2,836,000 | 2,406,000 | 2,234,000 |
intangible assets | 109,161,000 | 131,787,000 | 135,148,000 | 16,332,000 | 16,520,000 | 4,031,000 | 4,782,000 | 4,981,000 | 5,339,000 | 6,034,000 | 6,003,000 | 6,476,000 | 7,129,000 | 7,516,000 | 7,511,000 | 8,527,000 | 9,692,000 | 10,534,000 | 11,374,000 | 12,174,000 | 12,464,000 | 13,716,000 | 13,242,000 | 13,310,000 | 13,115,000 | 14,307,000 | 14,221,000 | 2,054,000 | 2,198,000 | 2,512,000 | 2,676,000 | 2,841,000 |
goodwill | 26,710,000 | 26,376,000 | 23,460,000 | 6,574,000 | 8,675,000 | 9,323,000 | 9,632,000 | 9,903,000 | 10,121,000 | 9,933,000 | 10,460,000 | 9,714,000 | 9,390,000 | 8,914,000 | 9,353,000 | 8,961,000 | 1,308,000 | 1,308,000 | 1,308,000 | 1,308,000 | 1,308,000 | |||||||||||
operating lease right-of-use assets | 15,861,000 | 16,664,000 | 18,184,000 | 15,710,000 | 15,971,000 | 16,339,000 | 16,876,000 | 17,399,000 | 17,748,000 | 18,251,000 | 19,860,000 | 20,380,000 | ||||||||||||||||||||
other non-current assets | 4,502,000 | 4,669,000 | 4,052,000 | 3,061,000 | 3,349,000 | 2,809,000 | 2,137,000 | 2,370,000 | 1,802,000 | 1,802,000 | 2,004,000 | 2,282,000 | 1,345,000 | 1,298,000 | 1,200,000 | 377,000 | 378,000 | 378,000 | 384,000 | 377,000 | 373,000 | 357,000 | 375,000 | 529,000 | 525,000 | 557,000 | 574,000 | 552,000 | 550,000 | 836,000 | 684,000 | 683,000 |
total assets | 366,672,000 | 418,766,000 | 444,140,000 | 375,609,000 | 396,512,000 | 406,533,000 | 411,026,000 | 411,288,000 | 411,749,000 | 425,011,000 | 429,042,000 | 429,210,000 | 427,313,000 | 434,199,000 | 446,697,000 | 488,601,000 | 504,657,000 | 501,527,000 | 510,840,000 | 528,044,000 | 532,666,000 | 271,045,000 | 264,105,000 | 162,940,000 | 170,305,000 | 169,951,000 | 175,545,000 | 109,408,000 | 65,176,000 | 71,193,000 | 77,772,000 | 83,683,000 |
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||
accounts payable | 8,657,000 | 13,568,000 | 10,633,000 | 9,124,000 | 6,731,000 | 6,953,000 | 6,378,000 | 7,273,000 | 3,914,000 | 5,048,000 | 4,786,000 | 3,238,000 | 2,585,000 | 3,836,000 | 2,106,000 | 5,983,000 | 4,262,000 | 9,209,000 | 5,824,000 | 6,862,000 | 6,503,000 | 6,799,000 | 5,962,000 | 4,878,000 | 4,723,000 | 5,777,000 | 4,245,000 | 3,510,000 | 3,789,000 | 3,866,000 | 3,117,000 | 2,963,000 |
accrued compensation and benefits | 9,850,000 | 14,979,000 | 12,582,000 | 9,110,000 | 6,308,000 | 12,620,000 | 9,860,000 | 9,044,000 | 6,706,000 | 13,659,000 | 9,775,000 | 7,525,000 | 4,880,000 | 10,658,000 | 10,503,000 | 10,638,000 | 8,139,000 | 13,252,000 | 9,176,000 | 8,919,000 | 7,015,000 | 10,777,000 | 7,038,000 | 5,375,000 | 4,292,000 | 6,570,000 | 5,251,000 | 4,150,000 | 3,480,000 | 3,404,000 | 2,312,000 | 1,942,000 |
accrued expenses and other current liabilities | 8,275,000 | 17,571,000 | 24,812,000 | 15,388,000 | 13,314,000 | 8,851,000 | 6,591,000 | 6,577,000 | 7,021,000 | 6,041,000 | 6,672,000 | 6,777,000 | ||||||||||||||||||||
deferred revenue | 15,190,000 | 20,728,000 | 20,913,000 | 9,427,000 | 9,102,000 | 8,827,000 | 8,984,000 | 10,121,000 | 10,234,000 | 9,468,000 | 9,827,000 | 10,421,000 | 10,682,000 | 8,644,000 | 8,976,000 | 12,157,000 | 9,194,000 | 6,361,000 | 5,743,000 | 6,149,000 | 6,420,000 | 5,421,000 | 3,793,000 | 5,019,000 | 5,438,000 | 4,697,000 | 4,909,000 | 5,186,000 | 5,484,000 | 4,755,000 | 6,141,000 | 5,842,000 |
operating lease liabilities | 7,933,000 | 7,916,000 | 7,984,000 | 5,153,000 | 4,940,000 | 4,756,000 | 4,641,000 | 4,524,000 | 4,366,000 | 4,241,000 | 4,093,000 | 3,986,000 | ||||||||||||||||||||
total current liabilities | 49,905,000 | 74,762,000 | 77,352,000 | 48,202,000 | 40,395,000 | 42,007,000 | 36,454,000 | 37,539,000 | 32,241,000 | 38,457,000 | 35,153,000 | 31,947,000 | 26,937,000 | 30,958,000 | 28,571,000 | 36,669,000 | 31,773,000 | 36,977,000 | 31,190,000 | 37,675,000 | 36,491,000 | 39,803,000 | 28,092,000 | 18,897,000 | 18,010,000 | 19,833,000 | 18,223,000 | 17,018,000 | 16,598,000 | 15,242,000 | 23,356,000 | 22,790,000 |
deferred revenue, net of current portion | 2,795,000 | 5,830,000 | 7,341,000 | 1,056,000 | 1,098,000 | 1,073,000 | 884,000 | 928,000 | 933,000 | 1,227,000 | 1,126,000 | 1,304,000 | 1,419,000 | 1,415,000 | 1,591,000 | 1,531,000 | 1,222,000 | 1,099,000 | 929,000 | 740,000 | 776,000 | 577,000 | 363,000 | 384,000 | 396,000 | 466,000 | 357,000 | 374,000 | 431,000 | 598,000 | 1,135,000 | 1,434,000 |
operating lease liabilities, net of current portion | 27,403,000 | 29,323,000 | 31,212,000 | 30,381,000 | 31,467,000 | 32,615,000 | 33,850,000 | 35,052,000 | 36,084,000 | 37,223,000 | 38,306,000 | 39,378,000 | ||||||||||||||||||||
non-current portion of contingent liabilities | 3,547,000 | 5,024,000 | 5,904,000 | |||||||||||||||||||||||||||||
other non-current liabilities | 883,000 | 8,097,000 | 7,301,000 | 794,000 | 822,000 | 800,000 | 956,000 | 1,017,000 | 1,053,000 | 1,177,000 | 1,105,000 | 1,225,000 | 1,216,000 | 1,469,000 | 1,570,000 | 1,810,000 | 1,691,000 | 2,378,000 | 2,649,000 | 2,543,000 | 2,537,000 | 2,504,000 | 13,407,000 | 13,165,000 | 9,727,000 | 6,360,000 | 79,000 | 106,000 | 128,000 | |||
total liabilities | 84,533,000 | 123,036,000 | 129,606,000 | 83,151,000 | 80,119,000 | 76,495,000 | 72,144,000 | 74,536,000 | 70,311,000 | 78,084,000 | 75,690,000 | 73,854,000 | 69,981,000 | 75,259,000 | 73,928,000 | 60,575,000 | 55,326,000 | 62,034,000 | 61,197,000 | 64,920,000 | 55,064,000 | 51,906,000 | 51,259,000 | 41,293,000 | 39,310,000 | 34,663,000 | 30,961,000 | 23,505,000 | 24,597,000 | 24,352,000 | ||
commitments and contingencies | ||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||
common stock: 0.001 par value... | 47,000 | 47,000 | ||||||||||||||||||||||||||||||
additional paid-in capital | 877,877,000 | 873,637,000 | 869,420,000 | 813,945,000 | 808,760,000 | 803,160,000 | 798,707,000 | 793,906,000 | 789,006,000 | 783,142,000 | 778,615,000 | 772,473,000 | 768,141,000 | 763,688,000 | 759,312,000 | 756,139,000 | 750,742,000 | 745,936,000 | 739,862,000 | 734,170,000 | 728,128,000 | 451,433,000 | 446,228,000 | 351,188,000 | 348,072,000 | 345,027,000 | 342,628,000 | 270,136,000 | 219,045,000 | 214,220,000 | 212,050,000 | 210,863,000 |
accumulated other comprehensive loss | -1,013,000 | -723,000 | -818,000 | -928,000 | -1,821,000 | -3,080,000 | -1,411,000 | -3,151,000 | -3,038,000 | -1,757,000 | -3,214,000 | -2,825,000 | -26,000 | -1,200,000 | -153,000 | -1,135,000 | ||||||||||||||||
accumulated deficit | -594,772,000 | -577,231,000 | -554,115,000 | -520,598,000 | -490,585,000 | -470,081,000 | -458,453,000 | -454,041,000 | -444,568,000 | -434,496,000 | -422,087,000 | -414,329,000 | -408,265,000 | -402,162,000 | -383,581,000 | -348,517,000 | -323,615,000 | -305,462,000 | -285,436,000 | -269,775,000 | -257,878,000 | -247,774,000 | -237,953,000 | -240,156,000 | -227,854,000 | -216,244,000 | -205,286,000 | -195,416,000 | ||||
total stockholders’ equity | 282,139,000 | 295,730,000 | 314,534,000 | 292,458,000 | 316,393,000 | 330,038,000 | 338,882,000 | 336,752,000 | 341,438,000 | 346,927,000 | 353,352,000 | 355,356,000 | 357,332,000 | 358,940,000 | 372,769,000 | 405,456,000 | 426,408,000 | 440,952,000 | 455,514,000 | 466,010,000 | 471,469,000 | 206,125,000 | 209,041,000 | 111,034,000 | 119,046,000 | 128,658,000 | 136,235,000 | 74,745,000 | 34,215,000 | 47,688,000 | 53,175,000 | 59,331,000 |
total liabilities and stockholders’ equity | 366,672,000 | 418,766,000 | 444,140,000 | 375,609,000 | 396,512,000 | 406,533,000 | 411,026,000 | 411,288,000 | 411,749,000 | 425,011,000 | 429,042,000 | 429,210,000 | 427,313,000 | 434,199,000 | 446,697,000 | 488,601,000 | 504,657,000 | 501,527,000 | 510,840,000 | 528,044,000 | 532,666,000 | 271,045,000 | 264,105,000 | 162,940,000 | 170,305,000 | 169,951,000 | 175,545,000 | 109,408,000 | 65,176,000 | 71,193,000 | 77,772,000 | 83,683,000 |
common stock, 0.001 par value per share... | ||||||||||||||||||||||||||||||||
authorized: 120,000 shares; issued and outstanding: 46,744 and 38,573 shares at december 31, 2025 and 2024, respectively | 47,000 | |||||||||||||||||||||||||||||||
financing lease right-of-use assets | 917,000 | |||||||||||||||||||||||||||||||
financing lease liabilities | 428,000 | |||||||||||||||||||||||||||||||
financing lease liabilities, net of current portion | 496,000 | |||||||||||||||||||||||||||||||
non-current portion of contingent consideration | 2,718,000 | 6,337,000 | ||||||||||||||||||||||||||||||
common stock: 0.001 par value per share... | 39,000 | 39,000 | 39,000 | 38,000 | ||||||||||||||||||||||||||||
authorized: 120,000 shares; issued and outstanding: 38,544 and 38,014 shares at december 31, 2024 and 2023, respectively | 39,000 | |||||||||||||||||||||||||||||||
authorized: 120,000 shares; issued and outstanding: 38,353 and 38,014 shares at march 31, 2024 and december 31, 2023, respectively | 38,000 | |||||||||||||||||||||||||||||||
authorized: 120,000 shares; issued and outstanding: 38,014 and 37,280 shares at december 31, 2023 and 2022, respectively | 38,000 | |||||||||||||||||||||||||||||||
common stock, 0.001 par value... | ||||||||||||||||||||||||||||||||
authorized shares: 120,000; issued and outstanding: 37,839 and 37,280 shares at september 30, 2023 and december 31, 2022, respectively | 38,000 | |||||||||||||||||||||||||||||||
authorized shares: 120,000; issued and outstanding: 37,566 and 37,280 shares at june 30, 2023 and december 31, 2022, respectively | 37,000 | |||||||||||||||||||||||||||||||
right-of-use assets | 20,891,000 | 21,223,000 | 27,165,000 | 32,935,000 | 29,298,000 | 11,491,000 | 11,626,000 | 11,754,000 | 11,870,000 | 11,995,000 | 12,019,000 | 12,120,000 | 12,221,000 | |||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||
other accrued expenses | 4,624,000 | 4,747,000 | 5,951,000 | 4,799,000 | 8,024,000 | 6,486,000 | 5,875,000 | 5,083,000 | 5,603,000 | 4,845,000 | 4,177,000 | 2,597,000 | 3,068,000 | 2,498,000 | 3,539,000 | 4,019,000 | 3,744,000 | 3,217,000 | 4,181,000 | 3,580,000 | ||||||||||||
short-term lease liabilities | 3,875,000 | 767,000 | ||||||||||||||||||||||||||||||
other current liabilities | 291,000 | 386,000 | 268,000 | 396,000 | 268,000 | 241,000 | 1,205,000 | 1,624,000 | 1,985,000 | 3,054,000 | 212,000 | 299,000 | 184,000 | 216,000 | 204,000 | 78,000 | 26,000 | |||||||||||||||
long-term lease liabilities | 40,409,000 | 42,196,000 | ||||||||||||||||||||||||||||||
common stock | ||||||||||||||||||||||||||||||||
authorized shares: 120,000,000 at march 31, 2023 and december 31, 2022, respectively; issued and outstanding: 37,423,981 shares and 37,279,994 shares at march 31, 2023 and december 31, 2022, respectively | 37,000 | |||||||||||||||||||||||||||||||
accumulated other comprehensive income | -2,581,000 | -2,623,000 | -2,999,000 | -2,203,000 | -756,000 | 441,000 | 1,051,000 | 1,578,000 | 1,183,000 | 2,434,000 | 734,000 | |||||||||||||||||||||
short term lease liabilities | 2,687,000 | 2,696,000 | 1,886,000 | 1,428,000 | 1,374,000 | 1,322,000 | 1,271,000 | 1,234,000 | 1,166,000 | 729,000 | 305,000 | |||||||||||||||||||||
long term lease liabilities | 41,417,000 | 43,135,000 | 43,563,000 | 20,464,000 | 20,845,000 | 21,210,000 | 21,552,000 | 21,891,000 | 22,159,000 | 22,458,000 | 22,741,000 | |||||||||||||||||||||
authorized shares: 120,000,000 at december 31, 2022 and december 31, 2021, respectively; issued and outstanding: 37,279,994 shares and 36,768,035 shares at december 31, 2022 and december 31, 2021, respectively | 37,000 | |||||||||||||||||||||||||||||||
authorized shares: 120,000,000 at september 30, 2022 and december 31, 2021, respectively; issued and outstanding: 37,093,601 shares and 36,768,035 shares at september 30, 2022 and december 31, 2021, respectively | 37,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of june 30, 2022 and december 31, 2021; issued and outstanding — 36,974,827 and 36,768,035 shares as of june 30, 2022 and december 31, 2021, respectively | 37,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of march 31, 2022 and december 31, 2021; issued and outstanding — 36,899,156 and 36,768,035 shares as of march 31, 2022 and december 31, 2021, respectively | 37,000 | |||||||||||||||||||||||||||||||
current portion of long term debt | 1,993,000 | 7,716,000 | 7,694,000 | 7,673,000 | 5,744,000 | 75,000 | 75,000 | 75,000 | 75,000 | 7,605,000 | 8,463,000 | |||||||||||||||||||||
deferred tax liabilities | 2,035,000 | 2,362,000 | 2,409,000 | |||||||||||||||||||||||||||||
authorized—120,000,000 shares as of december 31, 2021 and december 31, 2020; issued and outstanding — 36,768,035 and 31,796,544 shares as of december 31, 2021 and december 31, 2020, respectively | 37,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of september 30, 2021 and december 31, 2020; issued and outstanding — 36,574,132 and 31,796,544 shares as of september 30, 2021 and december 31, 2020, respectively | 37,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of june 30, 2021 and december 31, 2020; issued and outstanding — 36,454,369 and 31,796,544 shares as of june 30, 2021 and december 31, 2020, respectively | 37,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of march 31, 2021 and december 31, 2020; issued and outstanding — 36,294,928 and 31,796,544 shares as of march 31, 2021 and december 31, 2020, respectively | 36,000 | |||||||||||||||||||||||||||||||
long term debt, net of current portion | 1,907,000 | 7,630,000 | 7,608,000 | 7,587,000 | 7,565,000 | 7,544,000 | 7,572,000 | 7,586,000 | ||||||||||||||||||||||||
authorized—120,000,000 shares as of december 31, 2020 and december 31, 2019; issued and outstanding — 31,796,544 and 28,112,201 shares as of december 31, 2020 and december 31, 2019, respectively | 32,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of september 30, 2020 and december 31, 2019; issued and outstanding — 31,583,509 and 28,112,201 shares as of september 30, 2020 and december 31, 2019, respectively | 32,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of june 30, 2020 and december 31, 2019; issued and outstanding — 28,381,280 and 28,112,201 shares as of june 30, 2020 and december 31, 2019, respectively | 28,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of march 31, 2020 and december 31, 2019; issued and outstanding — 28,243,442 and 28,112,201 shares as of march 31, 2020 and december 31, 2019, respectively | 28,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of december 31, 2019 and december 31, 2018; issued and outstanding — 28,112,201 and 22,369,036 shares as of december 31, 2019 and december 31, 2018, respectively | 28,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of september 30, 2019 and december 31, 2018; issued and outstanding — 27,967,713 and 22,369,036 shares as of september 30, 2019 and december 31, 2018, respectively | 28,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of june 30, 2019 and december 31, 2018; issued and outstanding — 24,894,019 and 22,369,036 shares as of june 30, 2019 and december 31, 2018, respectively | 25,000 | |||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of march 31, 2019 and december 31, 2018; issued and outstanding—22,491,447 and 22,369,036 shares as of march 31, 2019 and december 31, 2018, respectively | 23,000 | |||||||||||||||||||||||||||||||
preferred stock`, 0.001 par value: | ||||||||||||||||||||||||||||||||
authorized—5,000,000 shares as of september 30, 2018 and december 31, 2017; no shares issued or outstanding as of september 30, 2018 and december 31, 2017 | ||||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of september 30, 2018 and december 31, 2017; issued and outstanding—22,151,410 and 21,707,041 shares as of september 30, 2018 and december 31, 2017, respectively | 22,000 | |||||||||||||||||||||||||||||||
authorized—5,000,000 shares as of june 30, 2018 and december 31, 2017; no shares issued or outstanding as of june 30, 2018 and december 31, 2017 | ||||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of june 30, 2018 and december 31, 2017; issued and outstanding—21,980,681 and 21,707,041 shares as of june 30, 2018 and december 31, 2017, respectively | 22,000 | |||||||||||||||||||||||||||||||
authorized—5,000,000 shares as of march 31, 2018 and december 31, 2017; no shares issued or outstanding as of march 31, 2018 and december 31, 2017 | ||||||||||||||||||||||||||||||||
authorized—120,000,000 shares as of march 31, 2018 and december 31, 2017; issued and outstanding—21,823,282 and 21,707,041 shares as of march 31, 2018 and december 31, 2017, respectively | 22,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 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 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||
net loss | -17,541,000 | -23,117,000 | -33,516,000 | -30,013,000 | -20,504,000 | -11,628,000 | -7,358,000 | -9,473,000 | -10,072,000 | -12,409,000 | -7,758,000 | -6,064,000 | -6,103,000 | -18,581,000 | -35,064,000 | -24,902,000 | -18,153,000 | -20,026,000 | -15,661,000 | -11,897,000 | -10,104,000 | -12,302,000 | -11,610,000 | -10,958,000 | -9,870,000 | -10,563,000 | -9,405,000 | -7,343,000 | -7,202,000 | |||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||
depreciation and amortization expense | 5,603,000 | 6,226,000 | 5,431,000 | 1,999,000 | 2,188,000 | 1,723,000 | 1,616,000 | 1,601,000 | 1,523,000 | 1,576,000 | 1,943,000 | 1,406,000 | 1,439,000 | 1,163,000 | 1,396,000 | 1,432,000 | 1,358,000 | 1,285,000 | 1,222,000 | 1,193,000 | 1,151,000 | 1,125,000 | 1,108,000 | 1,033,000 | 1,046,000 | 821,000 | 1,235,000 | 544,000 | 409,000 | 411,000 | 337,000 | 272,000 |
credit losses on accounts receivable | 305,000 | 344,000 | 546,000 | -315,000 | 53,000 | -156,000 | 68,000 | 500,000 | 176,000 | 25,000 | -13,000 | |||||||||||||||||||||
accretion of marketable securities | -150,000 | -227,000 | -284,000 | -588,000 | -979,000 | -1,516,000 | -1,698,000 | -1,962,000 | -1,657,000 | |||||||||||||||||||||||
operating lease right-of-use asset amortization | 797,000 | 1,023,000 | 1,208,000 | 289,000 | 561,000 | 522,000 | 531,000 | 362,000 | 478,000 | 497,000 | 516,000 | |||||||||||||||||||||
stock-based compensation expense | 4,528,000 | 4,415,000 | 5,469,000 | 5,372,000 | 5,462,000 | 4,837,000 | 4,657,000 | 5,228,000 | 5,265,000 | 4,326,000 | 4,343,000 | 4,193,000 | 3,902,000 | 3,663,000 | 2,766,000 | 5,186,000 | 3,827,000 | 4,931,000 | 4,008,000 | 3,650,000 | 3,386,000 | 3,129,000 | 2,360,000 | 2,501,000 | 2,109,000 | 1,675,000 | 1,828,000 | 1,601,000 | 1,284,000 | 1,867,000 | 890,000 | 636,000 |
impairment | 19,835,000 | 483,000 | ||||||||||||||||||||||||||||||
change in fair value of contingent liabilities | -1,501,000 | -595,000 | ||||||||||||||||||||||||||||||
recognition of off-market liability | -13,975,000 | |||||||||||||||||||||||||||||||
other operating activity | 15,000 | -464,000 | 294,000 | 42,000 | -412,000 | 444,000 | -376,000 | -68,000 | 55,000 | |||||||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||
accounts receivable | 2,717,000 | 2,708,000 | -1,575,000 | 5,147,000 | 4,329,000 | -1,302,000 | 840,000 | -3,009,000 | -4,233,000 | -1,080,000 | 135,000 | -2,077,000 | -3,673,000 | 111,000 | 1,566,000 | 2,160,000 | 1,319,000 | -5,297,000 | -3,296,000 | -487,000 | 2,227,000 | 9,120,000 | -16,805,000 | 2,619,000 | -1,174,000 | 1,109,000 | -2,178,000 | -1,063,000 | 1,075,000 | 1,148,000 | ||
inventory | 3,221,000 | -171,000 | 1,211,000 | 908,000 | 2,085,000 | 166,000 | -834,000 | -2,341,000 | -3,670,000 | -2,398,000 | -1,785,000 | -1,092,000 | -89,000 | 1,467,000 | 3,739,000 | 664,000 | -484,000 | 341,000 | -1,638,000 | -4,466,000 | -2,327,000 | -1,614,000 | -1,000 | -2,106,000 | -1,398,000 | 496,000 | -1,038,000 | |||||
prepaid expenses and other current assets | 453,000 | 1,323,000 | 256,000 | 1,521,000 | 421,000 | -275,000 | -765,000 | 851,000 | -254,000 | 458,000 | -2,302,000 | |||||||||||||||||||||
accounts payable | -4,846,000 | 3,009,000 | -6,333,000 | 2,397,000 | 399,000 | 135,000 | -1,466,000 | 3,176,000 | -1,122,000 | 241,000 | 1,579,000 | 640,000 | -1,271,000 | 1,723,000 | -3,865,000 | 2,086,000 | -5,306,000 | 3,386,000 | -1,012,000 | 2,149,000 | -2,109,000 | 836,000 | 772,000 | 186,000 | -1,145,000 | 1,456,000 | 765,000 | |||||
accrued compensation and benefits, accrued expenses, and other current liabilities | -7,254,000 | -2,067,000 | -7,452,000 | 5,122,000 | -3,517,000 | 4,564,000 | 1,224,000 | 1,736,000 | -6,126,000 | 3,400,000 | 2,202,000 | |||||||||||||||||||||
deferred revenue | -8,572,000 | -1,109,000 | 284,000 | 299,000 | 32,000 | -1,180,000 | -118,000 | 472,000 | -259,000 | -772,000 | -375,000 | 2,041,000 | -509,000 | -3,120,000 | 3,272,000 | 2,956,000 | 788,000 | -217,000 | -306,000 | 1,197,000 | 1,842,000 | -1,248,000 | -430,000 | 671,000 | -104,000 | -294,000 | -355,000 | 45,000 | ||||
net change in other operating assets and liabilities | -1,742,000 | |||||||||||||||||||||||||||||||
net cash from operating activities | -18,107,000 | -16,444,000 | -41,249,000 | -5,655,000 | -13,888,000 | -4,302,000 | -5,747,000 | -4,951,000 | -20,164,000 | -5,984,000 | -4,049,000 | 633,000 | -9,502,000 | -4,090,000 | -14,547,000 | -7,940,000 | -21,695,000 | -10,292,000 | -13,777,000 | -9,749,000 | -14,089,000 | 4,654,000 | -7,419,000 | -7,421,000 | -13,179,000 | -4,535,000 | -8,832,000 | |||||
capital expenditures | -87,000 | 98,000 | -953,000 | -794,000 | -734,000 | -412,000 | -1,031,000 | -859,000 | -284,000 | -2,216,000 | -788,000 | -648,000 | 11,000 | -1,595,000 | -3,677,000 | -5,060,000 | -1,394,000 | -2,530,000 | -3,824,000 | -9,712,000 | 3,262,000 | -1,110,000 | -465,000 | -1,002,000 | -324,000 | -603,000 | -1,014,000 | |||||
free cash flows | -18,194,000 | -16,346,000 | -42,202,000 | -6,449,000 | -14,622,000 | -4,714,000 | -6,778,000 | -5,810,000 | -20,448,000 | -8,200,000 | -4,837,000 | -15,000 | -9,491,000 | -5,685,000 | -18,224,000 | -13,000,000 | -23,089,000 | -12,822,000 | -17,601,000 | -19,461,000 | -10,827,000 | 3,544,000 | -7,884,000 | -8,423,000 | -13,503,000 | -5,138,000 | -9,846,000 | |||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||
purchases of marketable securities | -15,413,000 | 1,000 | -30,246,000 | -81,628,000 | -51,455,000 | -137,889,000 | ||||||||||||||||||||||||||
proceeds from sales and maturities of marketable securities | 25,350,000 | 32,440,000 | 47,515,000 | 62,613,000 | 73,261,000 | |||||||||||||||||||||||||||
purchases of property and equipment | -87,000 | 98,000 | -677,000 | -777,000 | -1,256,000 | -412,000 | -851,000 | -1,599,000 | -506,000 | -2,216,000 | -788,000 | -648,000 | -136,000 | -1,595,000 | -3,677,000 | -5,060,000 | -1,394,000 | -2,453,000 | -3,824,000 | -7,260,000 | -79,000 | -1,781,000 | -788,000 | -935,000 | -426,000 | -544,000 | -473,000 | |||||
acquisitions, net of cash acquired | 0 | 0 | ||||||||||||||||||||||||||||||
net cash from investing activities | 25,263,000 | 8,439,000 | -52,850,000 | 61,880,000 | 32,762,000 | 32,384,000 | -12,429,000 | 6,975,000 | -109,195,000 | -21,629,000 | -125,988,000 | -648,000 | -136,000 | -1,595,000 | -3,677,000 | -5,060,000 | -874,000 | -2,194,000 | -2,015,000 | -4,564,000 | 2,435,000 | 1,523,000 | -788,000 | -935,000 | -426,000 | -544,000 | -15,002,000 | -3,913,000 | -5,917,000 | |||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||
deferred acquisition payment | -1,000,000 | |||||||||||||||||||||||||||||||
principal payments on financing leases | -83,000 | |||||||||||||||||||||||||||||||
proceeds from common stock issued under stock plans | 340,000 | -192,000 | 262,000 | 0 | 668,000 | 67,000 | 578,000 | 384,000 | 2,037,000 | 257,000 | 1,855,000 | |||||||||||||||||||||
payments for employee taxes withheld on stock-based compensation awards | -27,000 | -436,000 | -6,000 | -429,000 | -575,000 | -26,000 | -434,000 | -712,000 | -1,438,000 | -56,000 | -55,000 | |||||||||||||||||||||
net cash from financing activities | -770,000 | -522,000 | 150,000 | -429,000 | 93,000 | 41,000 | 144,000 | -328,000 | 599,000 | 201,000 | 1,800,000 | 139,000 | 551,000 | 714,000 | 407,000 | 211,000 | 979,000 | -851,000 | -4,060,000 | 2,393,000 | 273,313,000 | 2,076,000 | 92,684,000 | 615,000 | 861,000 | 724,000 | 65,201,000 | |||||
net increase in cash, cash equivalents, and restricted cash | 6,386,000 | -93,949,000 | 55,796,000 | 18,967,000 | ||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents, and restricted cash | -40,000 | 73,000 | 46,000 | 594,000 | 861,000 | -752,000 | 371,000 | 27,000 | -380,000 | 530,000 | -66,000 | |||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 33,180,000 | 0 | 0 | 0 | 59,319,000 | 0 | 0 | 0 | 177,026,000 | 0 | 0 | |||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | 39,526,000 | -8,454,000 | -93,903,000 | 56,390,000 | 79,147,000 | 27,371,000 | -17,661,000 | 1,723,000 | 47,886,000 | -26,882,000 | -128,303,000 | |||||||||||||||||||||
deferred taxes | -189,000 | 207,000 | ||||||||||||||||||||||||||||||
other non-current assets | 142,000 | 257,000 | 355,000 | -502,000 | -736,000 | 117,000 | -575,000 | -21,000 | -59,000 | 249,000 | -932,000 | -33,000 | -50,000 | -861,000 | 1,000 | 1,000 | 1,000 | 17,000 | -4,000 | -16,000 | 16,000 | 155,000 | -5,000 | 32,000 | 0 | -23,000 | -1,000 | 3,000 | ||||
purchases of marketable debt securities | ||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | 28,123,000 | -18,032,000 | 1,696,000 | -128,760,000 | -128,237,000 | |||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||
common stock issued in exchange for acquisition of akoya | ||||||||||||||||||||||||||||||||
purchases of property and equipment in accounts payable and accruals | ||||||||||||||||||||||||||||||||
operating lease liabilities | -1,945,000 | -901,000 | -1,157,000 | -1,104,000 | -1,095,000 | -888,000 | -988,000 | -955,000 | -960,000 | -909,000 | 179,000 | 890,000 | 1,972,000 | -3,041,000 | -87,000 | -328,000 | -312,000 | -283,000 | -307,000 | -199,000 | 128,000 | 134,000 | 253,000 | |||||||||
other non-current liabilities | 1,134,000 | 625,000 | -2,993,000 | -8,000 | -28,000 | 29,000 | 10,000 | 54,000 | -35,000 | 131,000 | -203,000 | -118,000 | 137,000 | 262,000 | -271,000 | -255,000 | -107,000 | -311,000 | 260,000 | -260,000 | -177,000 | -223,000 | 620,000 | 3,366,000 | 6,082,000 | |||||||
equity consideration transferred in connection with the acquisition of akoya | ||||||||||||||||||||||||||||||||
cash paid for taxes | 405,000 | 385,000 | 505,000 | 172,000 | 189,000 | 339,000 | 175,000 | 89,000 | 217,000 | |||||||||||||||||||||||
right-of-use assets obtained in exchange for lease liabilities | ||||||||||||||||||||||||||||||||
purchases of property and equipment in accounts payable and accrued expenses | -276,000 | -17,000 | 522,000 | -180,000 | 740,000 | 222,000 | ||||||||||||||||||||||||||
impairment of goodwill | ||||||||||||||||||||||||||||||||
change in fair value of contingent consideration | -4,273,000 | 379,000 | ||||||||||||||||||||||||||||||
acquisition, net of cash acquired | 43,000 | -8,997,000 | ||||||||||||||||||||||||||||||
right-of-use asset obtained in exchange for lease liabilities | 255,000 | 18,156,000 | ||||||||||||||||||||||||||||||
proceeds from maturities of marketable securities | 57,430,000 | 70,050,000 | 60,029,000 | 29,200,000 | ||||||||||||||||||||||||||||
proceeds from radx grant on assets purchased | 0 | 0 | 0 | 520,000 | 259,000 | 1,809,000 | 2,696,000 | 2,514,000 | ||||||||||||||||||||||||
operating lease right-of-use assets obtained in exchange for lease liabilities | ||||||||||||||||||||||||||||||||
non-cash consideration received under product sales agreement | ||||||||||||||||||||||||||||||||
shares received as consideration under product sales agreement | -225,000 | |||||||||||||||||||||||||||||||
proceeds from marketable debt securities | ||||||||||||||||||||||||||||||||
sale of common stock in underwritten public offering | 0 | 0 | 0 | 269,718,000 | 0 | |||||||||||||||||||||||||||
payments on notes payable | -1,994,000 | 0 | 0 | 0 | -75,000 | 0 | 0 | |||||||||||||||||||||||||
cash paid for interest | 0 | 80,000 | 155,000 | 154,000 | 157,000 | 313,000 | 0 | 155,000 | 178,000 | 318,000 | 0 | 160,000 | 159,000 | 166,000 | 181,000 | |||||||||||||||||
foreign currency losses | 154,000 | |||||||||||||||||||||||||||||||
unrealized losses on marketable securities | ||||||||||||||||||||||||||||||||
amortization of (discount) premium on marketable securities | ||||||||||||||||||||||||||||||||
deferred income taxes | -101,000 | |||||||||||||||||||||||||||||||
loss on disposal of fixed assets | 51,000 | 0 | 69,000 | 116,000 | 10,000 | |||||||||||||||||||||||||||
operating activities | ||||||||||||||||||||||||||||||||
credit loss expense on accounts receivable | 110,000 | -403,000 | -479,000 | 752,000 | -171,000 | -73,000 | 266,000 | 0 | 20,000 | |||||||||||||||||||||||
unrealized losses on foreign currency transactions | 63,000 | |||||||||||||||||||||||||||||||
non-cash operating lease expense | 334,000 | |||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||
prepaid expenses and other assets | -422,000 | -306,000 | -1,192,000 | 3,000,000 | -2,070,000 | 1,002,000 | 1,557,000 | -1,208,000 | -1,744,000 | -3,922,000 | -121,000 | 611,000 | -495,000 | 393,000 | -406,000 | 160,000 | 142,000 | |||||||||||||||
accrued compensation and benefits, other accrued expenses and other current liabilities | -5,983,000 | -955,000 | 1,366,000 | 534,000 | -4,921,000 | 3,798,000 | 1,188,000 | 1,673,000 | -5,598,000 | 4,102,000 | 3,125,000 | 702,000 | -1,710,000 | 249,000 | -96,000 | |||||||||||||||||
investing activities | ||||||||||||||||||||||||||||||||
financing activities | ||||||||||||||||||||||||||||||||
proceeds from stock options exercised | 13,000 | 714,000 | 120,000 | 211,000 | 385,000 | 1,143,000 | 1,138,000 | 2,393,000 | 3,076,000 | 2,076,000 | 832,000 | 615,000 | 496,000 | 644,000 | 266,000 | 1,407,000 | 503,000 | 303,000 | 297,000 | 84,000 | ||||||||||||
proceeds from espp purchase | 551,000 | 0 | 287,000 | 0 | 594,000 | 0 | 546,000 | 0 | 519,000 | 0 | 448,000 | 0 | 440,000 | 80,000 | 406,000 | 65,000 | 328,000 | |||||||||||||||
payments for employee taxes on units withheld | -13,000 | |||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -9,087,000 | -17,817,000 | -12,789,000 | -21,590,000 | ||||||||||||||||||||||||||||
effect of foreign currency exchange rate on cash | 24,000 | -31,000 | 269,000 | -218,000 | -558,000 | -26,000 | 77,000 | 28,000 | -171,000 | 169,000 | -121,000 | 188,000 | -78,000 | 183,000 | ||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 341,337,000 | |||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 332,274,000 | |||||||||||||||||||||||||||||||
cash paid for income taxes | 246,000 | |||||||||||||||||||||||||||||||
noncash transactions: | ||||||||||||||||||||||||||||||||
purchases of property and equipment included in accounts payable and accrued expenses | 147,000 | |||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash: | ||||||||||||||||||||||||||||||||
cash and cash equivalents | 329,354,000 | -5,003,000 | -17,550,000 | -13,024,000 | 374,317,000 | -14,282,000 | -20,033,000 | -11,892,000 | 442,672,000 | 8,422,000 | 84,356,000 | -7,553,000 | 96,359,000 | -4,172,000 | 41,302,000 | 38,053,000 | 33,972,000 | |||||||||||||||
restricted cash | 2,920,000 | 1,000 | 2,000 | 17,000 | 2,577,000 | 919,000 | 258,000 | 0 | 1,400,000 | 0 | 0 | 0 | 1,000,000 | 0 | 0 | 7,000 | 1,019,000 | |||||||||||||||
total cash, cash equivalents, and restricted cash | 332,274,000 | -5,002,000 | -17,548,000 | -13,007,000 | 376,894,000 | -13,363,000 | -19,775,000 | -11,892,000 | 444,072,000 | 8,422,000 | 84,356,000 | -7,553,000 | 97,359,000 | -4,172,000 | 41,302,000 | 38,060,000 | 34,991,000 | |||||||||||||||
inventory step-up amortization | 0 | 0 | 111,000 | 164,000 | 52,000 | 476,000 | -244,000 | 438,000 | ||||||||||||||||||||||||
non-cash lease expense | ||||||||||||||||||||||||||||||||
goodwill impairment | 0 | |||||||||||||||||||||||||||||||
impairment of long-lived assets | ||||||||||||||||||||||||||||||||
non-cash interest expense | 0 | 22,000 | 21,000 | 22,000 | 21,000 | 22,000 | 21,000 | 22,000 | 21,000 | 22,000 | 22,000 | 24,000 | 34,000 | 46,000 | 53,000 | |||||||||||||||||
net increase in cash and cash equivalents | -13,337,000 | -19,852,000 | -11,920,000 | 261,659,000 | 8,253,000 | 84,477,000 | -4,355,000 | 41,367,000 | ||||||||||||||||||||||||
cash, restricted cash, and cash equivalents at beginning of period | 0 | 399,042,000 | 0 | 0 | 0 | 182,584,000 | 0 | 0 | 0 | 110,181,000 | 0 | 0 | 0 | 45,429,000 | ||||||||||||||||||
cash, restricted cash, and cash equivalents at end of period | -13,007,000 | 376,894,000 | -13,363,000 | -19,775,000 | -11,892,000 | 444,072,000 | 8,422,000 | 84,356,000 | -7,553,000 | 97,359,000 | -4,172,000 | 41,302,000 | 38,060,000 | 34,991,000 | ||||||||||||||||||
supplemental cash flow information | ||||||||||||||||||||||||||||||||
purchases of property and equipment included in accounts payable and other accrued expenses | -77,000 | |||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash: | ||||||||||||||||||||||||||||||||
impairment expense | ||||||||||||||||||||||||||||||||
other non-cash items | ||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted stock at beginning of period | ||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted stock at end of period | ||||||||||||||||||||||||||||||||
reduction in the carrying amount of right-of-use assets | 577,000 | 348,000 | ||||||||||||||||||||||||||||||
contract acquisition costs | 71,000 | -41,000 | -69,000 | -51,000 | 0 | -72,000 | 186,000 | 0 | 11,000 | -110,000 | -197,000 | 593,000 | ||||||||||||||||||||
reduction in the carrying amounts of right-of-use assets | 135,000 | 118,000 | 118,000 | 128,000 | 41,000 | 96,000 | ||||||||||||||||||||||||||
sale of common stock in at-the-market offering | ||||||||||||||||||||||||||||||||
purchase of property and equipment included in other non-current liabilities | ||||||||||||||||||||||||||||||||
common stock issued in connection with the acquisition of umandiagnostics ab | ||||||||||||||||||||||||||||||||
deferred tax liabilities | ||||||||||||||||||||||||||||||||
purchases of property and equipment included in accounts payable | -2,452,000 | 3,341,000 | 671,000 | 323,000 | -67,000 | 102,000 | 119,000 | -234,000 | 268,000 | 11,000 | ||||||||||||||||||||||
net income | -9,821,000 | |||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||
gain on disposal of fixed assets | ||||||||||||||||||||||||||||||||
purchase of investments | ||||||||||||||||||||||||||||||||
proceeds from sale of assets | ||||||||||||||||||||||||||||||||
proceeds from sale of common stock, net of issuance costs | ||||||||||||||||||||||||||||||||
purchases of property and equipment included in other non-current liabilities | -178,000 | -307,000 | ||||||||||||||||||||||||||||||
191,152 shares of common stock issued in connection with the acquisition of umandiagnostics ab | ||||||||||||||||||||||||||||||||
fair value of common stock warrants exercised and reclassified as shares of common stock | ||||||||||||||||||||||||||||||||
acquisition of umandiagnostics ab, net of cash acquired | ||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -12,744,000 | |||||||||||||||||||||||||||||||
inventory valuation adjustment amortization | ||||||||||||||||||||||||||||||||
change in fair value of preferred stock warrants | ||||||||||||||||||||||||||||||||
deposits | ||||||||||||||||||||||||||||||||
proceeds from sale of preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||||
proceeds from exercise of stock warrants | ||||||||||||||||||||||||||||||||
proceeds from the issuance of notes payable and warrants, net of issuance costs | ||||||||||||||||||||||||||||||||
accretion of redeemable convertible preferred stock to redemption value | ||||||||||||||||||||||||||||||||
warrants issued to lenders | ||||||||||||||||||||||||||||||||
net proceeds from at-the-market offering | 0 | |||||||||||||||||||||||||||||||
net proceeds from underwritten public offering | ||||||||||||||||||||||||||||||||
191,152 shares of common stock issued in connection with the acquisition of uman | ||||||||||||||||||||||||||||||||
net cash provided (used in) by financing activities | 831,000 | |||||||||||||||||||||||||||||||
accrued compensation and benefits, other accrued expenses and other liabilities | ||||||||||||||||||||||||||||||||
proceeds from the issuance of long term debt and warrants, net of issuance costs | ||||||||||||||||||||||||||||||||
payments on long term debt | ||||||||||||||||||||||||||||||||
net cash (used in) provided by financing activities | ||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 79,682,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | -4,757,000 | 65,231,000 |
