Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:                    
Net loss $ (25,686) $ (13,801)   $ (22,977) $ (13,506) $ (39,487) $ (36,483) $ (15,676) $ (10,888) $ (28,427)
Adjustments to reconcile net loss to net cash used in operating activities:                    
Depreciation and amortization 1,300 1,086   600 452 2,350 1,102 1,948 2,895 1,065
Write-off of inventory   324       425 0 400 2,132  
Adjustment to property and equipment for sales type leases   (625)       (625) 0   (91)  
Loss from impairment of property and equipment 316 96 $ 1,656 0   412 0 1,656 1,869  
Stock-based compensation   3,927     309 8,988 1,376 6,032 9,596 1,579
Noncash interest expense   5     2,344 10 5,455 5,561 5,245 25
Noncash lease expense   197       392 0      
Provision recorded for allowance for doubtful accounts         (63) 80 (63) (63) (13) 47
Loss on extinguishment of debt 0   865 11,820   0 11,820 12,685 12,685 66
Change in fair value of derivative liability 0   (475) 795 1,425 0 2,220 1,745 1,745  
Change in fair value of common stock warrant liability 0   (42) 185 736 0 921 879 879  
Change in fair value of contingent earn-out liability 569 (3,078) (32,609) 0   (2,509) 0 (32,609) (47,360)  
Change in fair value of contingently issuable common stock liability 24 (1,472) (5,718) 0   (1,448) 0 (5,718) (6,406)  
Change in fair value of public warrant liability 143 (5,586) (3,152) 0   (5,443) 0 (3,152) (12,606)  
Changes in operating assets and liabilities                    
Accounts receivable   (2,112)     (874) (5,786) (1,335) (5,866) (5,063) (464)
Inventory   (1,310)     (480) (3,545) (453) (736) (3,436) (315)
Commission assets   (351)     (391) (339) (742) (1,102) (3,072) (1,785)
Contract assets   108     (119) (1,352) (239) (3,477) (4,877)  
Other assets   141     7 (756) 13 23 32 (173)
Prepaid expenses and other current assets   (5,571)     (3,727) (9,707) (7,287) (11,535) (9,148) (1,016)
Accounts payable   (855)     959 2,147 3,499 240 765 815
Deferred revenue   2,577     (806) 6,031 153 2,352 4,832 2,386
Deferred rent   0     (11) 0 152 397 457 (34)
Accrued expenses and other current liabilities   (2,433)       (1,876) 1,599      
Operating lease liability   (697)       (457)       0
Net cash used in operating activities   (29,430)     (12,439) (52,495) (18,292) (42,565) (56,781) (23,602)
Cash flows from investing activities:                    
Development of internal-use software   (728)       (1,301) 0   (1,028)  
Purchases of property and equipment   (6,689)     (2,121) (11,379) (7,954) (10,994) (16,557) (6,261)
Net cash used in investing activities   (7,417)     (2,121) (12,680) (7,954) (10,994) (17,585) (6,261)
Cash flows from financing activities:                    
Proceeds from exercise of stock options   227     455 384 657 777 915 442
Repayment of financing obligations         (359) 0 (359) (359) (359) (244)
Proceeds from long-term debt, net of issuance costs         31,882 0 31,882 31,882 31,882 22,438
Net cash provided by financing activities   227     31,978 384 32,180 383,277 377,829 17,226
Effect of exchange rate changes on cash and cash equivalents           (10) 0      
Net increase (decrease) in cash, cash equivalents and restricted cash   (36,620)     17,418 (64,801) 5,934 329,718 303,463 (12,637)
Cash, cash equivalents and restricted cash                    
Cash, cash equivalents and restricted cash at beginning of period 271,547 308,167 10,638 22,122 4,704 308,167 4,704 4,704 4,704 17,341
Cash, cash equivalents and restricted cash at end of period 243,366 271,547 $ 334,422 10,638 22,122 243,366 10,638 334,422 308,167 4,704
Supplemental disclosure of cash flow information                    
Cash paid for interest           277 247      
Supplemental disclosure of non-cash activities                    
Transfer of inventory to property and equipment   0       0 46 0 0 86
Capital expenditures incurred but not yet paid   $ 2,391     $ 1,335 4,256 2,962 $ 3,123 2,936 1,100
Capitalization of stock compensation           57 27      
Reconciliation of cash, cash equivalents and restricted cash:                    
Cash and cash equivalents 242,691     9,963   242,691 9,963   307,492 $ 4,704
Restricted cash 400     400   400 400   400  
Restricted cash, noncurrent $ 275     $ 275   $ 275 $ 275   $ 275