Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (18,158) $ (19,698)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,834 1,711
Stock-based compensation 2,289 2,507
Amortization of operating lease assets 573 0
Accretion on carrying value of convertible notes 0 1,407
Amortization of debt issuance costs 1,413 616
Change in fair value of warrant liability (5,835) 5,991
Change in fair value of contingent earnout liability (517) 0
Loss on extinguishment of debt 0 (1,699)
Changes in operating assets and liabilities:    
Accounts receivable, net 2,215 (3,799)
Contract assets (1,531) 38
Other current assets 1,409 40
Other long-term assets 469 0
Accounts payable (828) 1,080
Accrued wages and benefits (1,051) (420)
Contract liabilities (962) (244)
Other accrued expenses 1,077 1,655
Operating lease liabilities (342) 0
Other long-term liabilities (46) (6)
Net cash used in operating activities (14,991) (10,821)
Cash flows from investing activities    
Purchase of property and equipment (4,243) (1,378)
Investment in intangible assets (19) 0
Net cash used in investing activities (4,262) (1,378)
Cash flows from financing activities    
Proceeds from long-term debt 95 0
Proceeds from issuance of convertible notes payable 0 20,000
Payment of debt issuance costs 0 (62)
Proceeds from exercise of stock options 638 295
Net cash provided by financing activities 733 20,233
Effect of foreign currency translation on cash, cash equivalent and restricted cash 850 (590)
Net (decrease) increase in cash, cash equivalents and restricted cash (17,670) 7,444
Cash, cash equivalents and restricted cash    
Beginning of year 109,645 15,986
End of year 91,975 23,430
Supplemental disclosure of cash flow information    
Cash paid for interest 1,627 383
Noncash Investing and financing activities    
Capitalized Merger Costs Not Yet Paid 0 1,774
Property and equipment purchased but not yet paid 2,250 11
Issuance of stock warrants with long-term debt $ 0 $ 308