Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Apr. 02, 2023
Apr. 03, 2022
Cash flows from operating activities:    
Net income (loss) $ (73,603) $ 42,707
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation 3,455 314
Amortization of right-of-use assets 143 134
Stock-based compensation 29,157 5,238
Changes in fair value of convertible preferred stock warrants and common stock warrants 12,840 (67,800)
Changes in operating assets and liabilities:    
Accounts receivable 149 0
Inventory (181) 0
Prepaid expenses and other assets 364 (51)
Deferred contract costs 0 8
Accounts payable (1,792) (959)
Accrued expenses and compensation 3,858 555
Other liabilities (1) 165
Net cash used in operating activities (25,611) (19,689)
Cash flows from investing activities:    
Purchase of property and equipment (3,032) (10,451)
Net cash used in investing activities (3,032) (10,451)
Cash flows from financing activities:    
Proceeds from exercise of common stock warrants, net 0 52,828
Payroll tax payments for shares withheld upon vesting of RSUs (777) 0
Proceeds from the exercise of stock options 329 200
Repurchase of unvested restricted common stock (9) (3)
Net cash provided by (used in) financing activities (457) 53,025
Change in cash, cash equivalents, and restricted cash (29,100) 22,885
Cash and cash equivalents and restricted cash, beginning of period 322,976 385,418
Cash and cash equivalents, and restricted cash, end of period 293,876 408,303
Supplemental cash flow data (Non-cash):    
Purchase of property and equipment included in liabilities $ 4,740 $ 1,510