Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net loss $ (14,184) $ (8,711)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 972 559
Loss on disposal of assets 85 0
Stock-based compensation expense 1,281 769
Non-cash lease expense 500 354
Deferred income taxes 37 0
Interest receivable on short-term investments (530) 0
Change in fair value of warrant liabilities 0 (1,527)
Change in operating assets and liabilities:    
Accounts receivable (1,577) (298)
Inventory (471) (47)
Prepaid expenses and other assets 12 (2,239)
Accounts payable 80 (600)
Accrued expenses and other liabilities (1,457) 358
Operating lease liabilities (480) (411)
Deferred revenue 866 (373)
Net cash used in operating activities (14,866) (12,166)
Cash flows from investing activities:    
Purchases of property and equipment (1,686) (8,454)
Purchase of short-term investments (9,769) 0
Proceeds from settlement of short-term investments 10,000 0
Cash paid for acquisitions, net of cash acquired 0 (8,861)
Net cash used in investing activities (1,455) (17,315)
Cash flows from financing activities:    
Proceeds received from other finance obligations 493 0
Principal payments on finance leases (27) 0
Payments on other finance obligations (13) 0
Payments of taxes on restricted stock units withheld for employee taxes (111) 0
Proceeds from issuance of common stock 0 288
Net cash provided by financing activities 342 288
Net change in cash and cash equivalents and restricted cash (15,979) (29,193)
Effect of change in foreign currency exchange rates on cash and cash equivalents and restricted cash 14 (86)
Cash and cash equivalents and restricted cash at beginning of period 30,769 79,819
Cash and cash equivalents and restricted cash at end of period 14,804 50,540
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 52 0
Purchase of property and equipment included in accounts payable 39 0
Issuance of common stock upon settlement of earnout consideration liability $ 537 $ 0