| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | ||||||||||
Net loss | ||||||||||
16,656 | 20,396 | 30,948 | 19,720 | 8,167 | -4,614 | -11,190 | -15,115 | -8,841 | -3,497 | -7,813 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||||
Impairment of patent and product rights | ||||||||||
- | - | - | - | - | - | - | - | - | - | 3,028 |
Stock-based compensation | ||||||||||
4,057 | 15,237 | 6,973 | 6,063 | 6,045 | 5,744 | 5,572 | 5,197 | 4,100 | 3,229 | 3,935 |
Depreciation and amortization | ||||||||||
7,339 | 6,451 | 6,075 | 5,687 | 5,806 | 6,307 | 6,552 | 7,250 | 4,891 | 3,012 | 3,049 |
Other non-cash amortization | ||||||||||
391 | 771 | 327 | -47 | - | - | - | - | - | - | - |
Provision for doubtful accounts | ||||||||||
2,248 | -53 | -13 | - | - | - | - | - | - | - | - |
Unrealized foreign currency (gain) loss | ||||||||||
-385 | 400 | -156 | -122 | -367 | 305 | -49 | 55 | - | - | - |
Interest expense on finance leases | ||||||||||
36 | - | - | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||
-1,457 | -919 | -649 | -529 | 48 | 294 | -772 | -1,397 | -868 | - | - |
Loss (gain) on sale of fixed assets | ||||||||||
-147 | - | 25 | 28 | -80 | - | - | - | - | - | - |
Gain on sale of business | ||||||||||
10,149 | - | - | - | - | - | - | - | - | - | - |
Change in the estimated fair value of acquisition-related contingent consideration | ||||||||||
-664 | - | - | - | - | - | - | - | - | - | - |
Inventory purchase accounting step-up adjustment | ||||||||||
- | - | - | - | - | - | - | -16 | -852 | - | - |
Changes in assets and liabilities | ||||||||||
Accounts receivable | ||||||||||
2,210 | -6,688 | 22,103 | 576 | 3,739 | 3,381 | -4,337 | 220 | 3,377 | -1,219 | 2,116 |
Inventories | ||||||||||
1,324 | 3,857 | 7,391 | -1,476 | -2,348 | 4,401 | -1,268 | 3,139 | 1,757 | -1,499 | -1,859 |
Prepaid expenses and other assets | ||||||||||
-200 | 366 | 384 | 652 | 1,415 | -475 | -51 | 99 | -491 | -1,413 | 2,442 |
Accounts payable | ||||||||||
-1,537 | 208 | 5,157 | 46 | -2,648 | 2,194 | 1,510 | -791 | 911 | -472 | -501 |
Deferred revenue | ||||||||||
-297 | 2,240 | -93 | -8,350 | 1,706 | 6,943 | -4,365 | 4,178 | 112 | -722 | - |
Accrued expenses and other liabilities | ||||||||||
-4,017 | -7,306 | 9,178 | 1,666 | -992 | -1,730 | 5,373 | -1,198 | 492 | -1,794 | 706 |
Purchases of short-term investments | ||||||||||
- | - | - | - | - | 9,407 | - | - | - | - | 5,986 |
Proceeds from maturities and redemptions of short-term investments | ||||||||||
- | - | - | - | - | 4,432 | - | - | - | - | - |
Net cash provided by operating activities | ||||||||||
9,804 | 39,090 | 28,156 | 24,598 | 15,773 | 7,526 | 8,385 | -5,373 | -2,994 | 3,887 | -292 |
Purchases of investments | ||||||||||
92,173 | 163,763 | 161,269 | 34,133 | 26,895 | - | - | - | - | - | - |
Proceeds from maturities and redemptions of investments | ||||||||||
93,491 | 152,680 | 69,253 | 30,421 | 23,934 | - | - | - | - | - | - |
Payments for patents and product rights | ||||||||||
- | - | - | - | - | - | - | - | - | 4,500 | - |
Purchases of property and equipment | ||||||||||
9,314 | 6,344 | 4,337 | 4,353 | 3,744 | 3,005 | 2,462 | 2,019 | 2,505 | 2,106 | 1,199 |
Proceeds from maturities of short term investments | ||||||||||
- | - | - | - | - | - | - | - | -1,895 | -2,841 | -44,090 |
Acquisition of businesses, net of cash acquired | ||||||||||
23,801 | - | - | - | - | - | - | - | 49,730 | - | - |
Proceeds from sale of business | ||||||||||
12,000 | - | - | - | - | - | - | - | - | - | - |
Net cash provided by (used in) investing activities | ||||||||||
-19,797 | -17,427 | -96,353 | -8,065 | -6,705 | -7,980 | -2,462 | -2,019 | -50,340 | -3,765 | 36,904 |
FINANCING ACTIVITIES: | ||||||||||
Repayments of loans | ||||||||||
724 | - | - | - | - | - | - | - | - | - | - |
Cash payments for lease liabilities | ||||||||||
442 | - | - | - | - | - | - | - | - | - | - |
Payments for debt issue costs | ||||||||||
- | - | - | 367 | - | - | - | - | - | - | - |
Repayments of long-term debt | ||||||||||
- | - | - | - | - | - | - | 7,292 | 500 | 510 | 557 |
Proceeds from the issuance of common stock, net of expenses | ||||||||||
- | - | - | - | - | - | - | 70,246 | - | - | - |
Proceeds from exercise of stock options | ||||||||||
196 | 1,701 | 31,675 | 2,656 | 404 | 1,115 | 409 | 10,040 | 4,783 | 8 | 24 |
Repurchase of common stock | ||||||||||
3,712 | 3,592 | 1,240 | 3,444 | 6,090 | 639 | 829 | 1,560 | 909 | 709 | 700 |
Net cash used in financing activities | ||||||||||
-4,682 | -1,891 | 30,435 | -1,155 | -5,686 | 476 | -420 | 71,434 | 3,374 | -1,211 | -1,233 |
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH | ||||||||||
1,952 | -4,203 | 841 | 318 | -2,155 | -346 | -200 | -32 | -5 | -2 | -9 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||||||
-12,723 | 15,569 | -36,921 | 15,696 | 1,227 | -324 | 5,303 | 64,010 | -49,965 | -1,091 | 35,368 |