Quarterly report pursuant to Section 13 or 15(d)

Unaudited Interim Condensed Consolidated Statements of Cash Flows

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Unaudited Interim 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 $ (22,424) $ (2,600)
Adjustments to reconcile net loss to net cash and restricted cash used in operating activities:    
Depreciation and amortization 3,462 2,300
Stock-based compensation 6,018 3,942
Change in fair value of warrant liabilities 1,896 (21,816)
Realized loss from sales of short-term investments 95 1,712
Realized foreign exchange loss/(gain) 5 (5)
Accretion of interest income on held-to-maturity securities (3,024) 0
Deferred tax benefit (572) 0
Loss on disposal of property and equipment 0 65
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (2,625) (3,902)
Accounts receivable (11,630) (4,124)
Other non-current assets (24) (1,152)
Operating right-of-use assets/lease liabilities 377 106
Accounts payable and accrued expenses 87 1,275
Deferred revenue 3,307 2,524
Net cash used in operating activities (25,052) (21,675)
Cash Flows From Investing Activities:    
Purchase of property and equipment (1,390) (626)
Purchase of short-term investments (135) (453)
Proceeds from sales of short-term investments 20,532 208,700
Purchase of held-to-maturity investments (130,145) 0
Proceeds from maturities of held-to-maturity investments 131,187 0
Net cash provided by investing activities 20,049 207,621
Cash Flows From Financing Activities:    
Proceeds from the exercise of common stock options 54 79
Taxes paid related to net share settlement of equity awards (101) (1,011)
Net cash used in financing activities (47) (932)
Effect of foreign exchange rate changes on cash balances 20 7
Net (decrease) increase in cash and cash equivalents and restricted cash (5,030) 185,021
Cash and cash equivalents and restricted cash - beginning 44,423 3,225
Cash and cash equivalents and restricted cash - ending 39,393 188,246
Reconciliation to the unaudited interim condensed consolidated balance sheets    
Cash and cash equivalents 37,348 186,556
Restricted cash 2,045 1,690
Total 39,393 188,246
Non-cash investing and financing activities    
New leases under ASC 842 entered into during the period $ 7,312 $ 5,871