| Feb'20 | Nov'19 | Aug'19 | Apr'19 | Jan'19 | Oct'18 | Jul'18 | Apr'18 | Jan'18 | Oct'17 | Jul'17 | Apr'17 | Jan'17 | Oct'16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (loss) | |||||||||||||
11,431 | -178 | 7,179 | 7,048 | 11,976 | 10,678 | 18,284 | 9,487 | 3,641 | 13,488 | -4,507 | -9,563 | 233 | 13,243 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||||
Deferred income taxes | |||||||||||||
-2,905 | -1,960 | -4,371 | -1,544 | -1,227 | -1,061 | 813 | 277 | 6,864 | -1,366 | -3,999 | -1,882 | -199 | -648 |
Fair Value Adjustment of Warrants | |||||||||||||
- | - | - | - | - | - | 0 | 0 | -1,614 | -9,071 | 3,374 | 12,858 | 1,146 | 1,503 |
Inventory reserves | |||||||||||||
1,030 | 1,801 | 5,169 | -2,048 | 3,290 | 1,563 | -2,012 | -3,099 | 2,803 | 4,224 | -1,425 | 1,839 | 1,244 | 1,933 |
Stock-based compensation expense | |||||||||||||
15,755 | 12,126 | 11,441 | 9,068 | 8,110 | 6,637 | 5,126 | 5,142 | 3,097 | 2,038 | 1,398 | 785 | 752 | 610 |
Depreciation, amortization, and accretion | |||||||||||||
5,695 | 4,652 | 4,140 | 3,735 | 3,281 | 3,175 | 3,004 | 2,650 | 2,618 | 2,270 | 2,235 | 2,035 | 1,924 | 1,461 |
Other | |||||||||||||
-58 | -13 | -124 | -24 | 0 | 0 | -9 | -15 | 0 | -131 | 0 | -7 | 34 | -27 |
Change in operating assets and liabilities: | |||||||||||||
Inventory | |||||||||||||
-251 | 31,837 | 13,415 | 4,890 | -244 | 23,172 | 858 | -971 | -4,679 | 24,208 | 5,173 | 10,732 | 328 | 10,142 |
Prepaid expenses and other assets | |||||||||||||
-2,194 | -2,973 | 10,862 | 7,515 | -294 | -1,252 | 16,900 | 5,485 | -994 | -4,084 | -9,527 | 7,706 | 9,383 | 34 |
Operating lease right-of-use assets and liabilities | |||||||||||||
131 | -272 | - | - | 0 | 0 | - | - | - | - | - | - | - | - |
Accounts payable | |||||||||||||
-26,591 | 21,721 | -9,309 | 13,071 | -18,996 | 26,008 | 5,908 | 18,751 | -3,124 | 13,967 | 15,882 | -21,670 | 5,947 | 7,682 |
Accrued liabilities | |||||||||||||
-916 | 16,170 | 4,352 | 815 | -6,671 | 24,360 | -5,452 | -2,627 | -12,458 | 16,942 | -16,421 | 19,255 | -6,205 | 21,119 |
Deferred revenue | |||||||||||||
-704 | -25 | -963 | 466 | 1,290 | 2,532 | -1,398 | -165 | 1,620 | 1,663 | -796 | 2,194 | -852 | 2,173 |
Gift card liability | |||||||||||||
- | -354 | - | - | - | -141 | 129 | -1,466 | 3,080 | -119 | 116 | -1,711 | 3,636 | -48 |
Other liabilities | |||||||||||||
2,037 | 2,150 | 10,327 | 1,572 | 1,457 | -865 | 4,029 | 3,310 | -3,256 | 748 | 2,486 | 748 | 348 | 2,725 |
Net cash provided by operating activities | |||||||||||||
10,718 | 27,524 | 3,386 | 17,541 | 6,701 | 50,966 | 10,682 | 27,761 | 8,944 | 24,791 | 2,635 | -13,543 | 7,928 | 41,604 |
Purchases of property and equipment | |||||||||||||
3,944 | 7,502 | 6,308 | 12,614 | 4,918 | 6,985 | 4,539 | 3,794 | 4,052 | 4,180 | 3,324 | 2,439 | 5,889 | 5,478 |
Purchases of securities available-for-sale | |||||||||||||
62,390 | 67,535 | 52,054 | 47,157 | 16,899 | 169,095 | 0 | 0 | 0 | 0 | - | - | - | - |
Sales of securities available-for-sale | |||||||||||||
8,789 | 5,306 | 8,182 | 1,251 | 861 | 302 | 0 | 0 | 0 | 0 | - | - | - | - |
Maturities of securities available-for-sale | |||||||||||||
58,465 | 23,210 | 58,750 | 12,000 | 9,500 | 0 | - | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||||||
920 | -46,521 | 8,570 | -46,520 | -11,456 | -175,778 | -4,539 | -3,794 | -4,052 | -4,180 | -3,324 | -2,439 | -5,920 | -5,447 |
Proceeds from sale of property and equipment | |||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 31 |
Proceeds from the exercise of stock options, net | |||||||||||||
5,140 | 518 | 4,409 | 7,353 | -69 | 2,000 | 4,310 | 1,068 | 562 | 444 | 1,074 | 350 | 716 | 206 |
Payments for tax withholding related to vesting of restricted stock units | |||||||||||||
3,044 | 2,212 | 2,398 | 2,069 | 918 | 1,363 | - | - | - | - | - | - | - | - |
Repurchase of Class B common stock related to early exercised options | |||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | 39 | - | - | - | - |
Payment of deferred offering costs | |||||||||||||
- | - | - | - | - | - | - | - | - | 528 | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||||||
2,096 | -1,694 | 2,011 | 5,284 | -987 | 637 | 4,116 | 666 | 130,136 | -123 | -743 | 350 | -2,841 | 206 |
Net increase (decrease) in cash, cash equivalents, and restricted cash | |||||||||||||
13,734 | -20,691 | 13,967 | -23,695 | -5,742 | -124,175 | 10,259 | 24,633 | 135,028 | 20,488 | -1,432 | -15,632 | -833 | 36,363 |
Effect of exchange rate changes on cash | |||||||||||||
476 | 1,538 | 286 | 28 | -103 | 0 | - | - | - | - | - | - | - | - |
Supplemental Disclosure | |||||||||||||
Cash paid for income taxes | |||||||||||||
83 | 7 | 775 | 0 | 149 | 42 | 488 | 6,492 | 3,091 | 0 | 84 | 9,422 | 9,768 | 8,749 |
Supplemental Disclosure of Non-Cash Investing and Financing Activities: | |||||||||||||
Purchases of property and equipment included in accounts payable and accrued liabilities | |||||||||||||
3,743 | 731 | 1,106 | -575 | 4,517 | 224 | -96 | 111 | -242 | 1,022 | -117 | 20 | -4,095 | 4,303 |
Capitalized stock-based compensation | |||||||||||||
120 | 773 | 512 | 465 | 402 | 410 | 363 | 259 | 140 | 121 | 87 | 32 | 23 | 22 |
Vesting of early exercised options | |||||||||||||
0 | 0 | 0 | 31 | 88 | 90 | 442 | 90 | 141 | 315 | 182 | 221 | 259 | 229 |
Leasehold improvements paid by landlord | |||||||||||||
0 | 7,406 | - | - | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred offering costs included in accrued liabilities | |||||||||||||
- | - | - | - | - | - | - | - | -786 | 920 | - | - | - | - |