Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net loss $ (21,782) $ (15,576)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 986 707
Amortization 60 38
Share-based compensation expense 2,686 2,074
Unrealized foreign exchange gains (52) (1,608)
Changes in operating assets and liabilities:    
Increase in receivables and other operating assets (1,813) (489)
(Increase) decrease in non-current operating assets (17) 1,835
Decrease in payables and deferred revenue (8,507) (5,660)
Net cash used in operating activities (28,439) (18,679)
Cash flows from investing activities    
Acquisition of property, plant and equipment (12,249) (1,708)
Acquisition of intangibles (242) (861)
Maturity of short-term deposits 7,854 7,993
Investment in short-term deposits (18,000) (15,988)
Net cash used in investing activities (22,637) (10,564)
Cash flows from financing activities    
Proceeds from issuance of common stock in public offering, after issue costs of $4,544 61,397  
Net cash provided by financing activities 61,397  
Effect of currency exchange rate changes on cash and cash equivalents 1,491 (1,349)
Net increase (decrease) in cash and cash equivalents 11,812 (30,592)
Cash, cash equivalents and restricted cash at start of period 162,796 198,771
Cash, cash equivalents and restricted cash at end of period $ 174,608 $ 168,179