v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (256,321) $ (288,530)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 14,458 7,536
Amortization of operating lease right-of-use assets 4,230 3,303
Amortization of premium on marketable securities (1,278) (1,611)
Loss on marketable securities 1,976 1,859
Change in fair value of private warrants (985) 1,028
Vendor stock-in-lieu of cash program 8,448 21,114
Gain from acquisition of EM4 (1,752) 0
Amortization of debt discount and issuance costs 1,618 1,618
Inventory write-offs and write-downs 17,806 13,432
Share-based compensation, including restructuring costs 83,019 115,149
Impairment of investments 4,000 0
Change in product warranty and other (2,758) 3,084
Changes in operating assets and liabilities:    
Accounts receivable (4,563) (5,635)
Inventories (16,098) (24,958)
Prepaid expenses and other current assets (1,793) 13,858
Other non-current assets (2,915) (5,287)
Accounts payable (1,877) 3,761
Accrued and other current liabilities 916 10,927
Other non-current liabilities (5,067) (8,631)
Net cash used in operating activities (158,936) (137,983)
Cash flows from investing activities:    
Purchases of marketable securities (75,051) (171,118)
Proceeds from maturities of marketable securities 112,242 277,771
Proceeds from sales/redemptions of marketable securities 3,737 39,152
Purchases of property and equipment (1,586) (16,831)
Net cash provided by investing activities 35,511 116,366
Cash flows from financing activities:    
Proceeds from exercise of stock options 407 1,570
Proceeds from sale of Class A common stock under ESPP 800 1,406
Payments of employee taxes related to stock-based awards (216) (572)
Net cash provided by financing activities 36,894 42,008
Net increase (decrease) in cash, cash equivalents and restricted cash (86,531) 20,391
Beginning cash, cash equivalents and restricted cash 140,624 71,105
Ending cash, cash equivalents and restricted cash 54,093 91,496
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,906 3,906
Supplemental disclosures of noncash investing and financing activities:    
Operating lease right-of-use assets obtained in exchange for lease obligations 3,842 2,948
Purchases of property and equipment recorded in accounts payable and accrued liabilities 876 5,439
Vendor stock-in-lieu of cash program—advances for capital projects and equipment 0 4,245
Equity Financing Program    
Cash flows from financing activities:    
Net proceeds from issuance of Class A common stock 35,903 29,604
TPK Universal Solutions Limited    
Cash flows from financing activities:    
Net proceeds from issuance of Class A common stock 0 10,000
EM4    
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain from acquisition of EM4 (1,800)  
Cash flows from investing activities:    
Acquisition of EM4 (net of cash acquired) (3,831) 0
Seagate    
Cash flows from investing activities:    
Acquisition of Seagate’s lidar business $ 0 $ (12,608)

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