Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Apr. 02, 2023
Cash flows used in operating activities:    
Net loss $ (46,497) $ (73,603)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation, accretion and amortization 24,974 3,598
Stock-based compensation 12,760 29,157
Changes in fair value of common stock warrants (21,120) 12,840
Others 173 0
Changes in operating assets and liabilities:    
Accounts and notes receivables 505 149
Inventory 2,202 (181)
Prepaid expenses and other assets (1,809) 364
Accounts payable (7,281) (1,792)
Accrued expenses and compensation 2,845 3,858
Deferred revenue (1,402) 0
Deferred tax liability (222) 0
Other liabilities (172) (1)
Net cash used in operating activities (35,044) (25,611)
Cash flows from investing activities:    
Purchase of property and equipment (15,088) (3,032)
Purchases of investments (17,066) 0
Maturities of investments 51,260 0
Net cash provided by (used in) investing activities 19,106 (3,032)
Cash flows from financing activities:    
Proceeds from loan borrowing 1,800 0
Payroll tax payments for shares withheld upon vesting of RSUs (2,222) (777)
Proceeds from the exercise of stock options and issuance of common stock, net of issuance costs 5,852 329
Repurchase of unvested restricted common stock 0 (9)
Net cash provided by (used in) financing activities 5,430 (457)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (541) 0
Change in cash, cash equivalents, and restricted cash (11,049) (29,100)
Cash and cash equivalents and restricted cash, beginning of period 235,123 322,976
Cash and cash equivalents, and restricted cash, end of period 224,074 293,876
Supplemental cash flow disclosure:    
Cash paid for interest 23 0
Cash paid for income taxes 88 0
Purchase of property and equipment included in liabilities $ 15,521 $ 4,740