Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (89,336) $ (78,538)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,030 417
Gain on disposal of property and equipment (196)
Stock-based compensation 7,237 8,198
Changes in operating assets and liabilities:    
Receivables, net (1,562)
Prepaid expenses and other 3,334 (753)
Accounts payable 446 (4,079)
Operating lease liabilities and ROU asset, net 24 5
Accrued expenses and other current liabilities (2,640) (1,002)
Net cash used in operating activities (79,663) (75,752)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of a business (22,174)
Disposal of property and equipment 992
Purchase of property and equipment (7,457) (43,476)
Net cash used in investing activities (28,639) (43,476)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from ESPP 29 40
Proceeds, net of $0 and $4,255 expenses, from sale of convertible redeemable preferred stock 27,245
Redemption of convertible redeemable preferred stock (31,500)
Repurchase of common stock (13,965)
Proceeds, net of $863 and $2,738 expenses, from sale of common stock 9,739 84,830
Net cash (used in) provided by financing activities (4,197) 80,615
Effect of currency rate change on cash (55) (69)
Net decrease in cash, cash equivalents and restricted cash (112,554) (38,682)
Cash, cash equivalents and restricted cash beginning of the period 120,470 178,900
Cash, cash equivalents and restricted cash end of period 7,916 140,218
Non-cash financing and investing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities 275 (3,310)
Preferred stock deemed dividend $ 4,255