Cash, Cash Equivalents and Marketable Securities (Tables)

9 Months Ended

Sep. 30, 2022

Cash and Cash Equivalents [Abstract]

Summary of cash, cash equivalents and available-for-sale marketable securities

A summary of cash, cash equivalents and available-for-sale marketable securities held by the Company as of September 30, 2022 and December 31, 2021 is as follows (in thousands):

	September 30, 2022
	Cost		Unrealized gains		Unrealized losses			Fair value
Cash and cash equivalents:
Cash (Level 1)	$	18,228	$	—	$	—		$	18,228
Money market funds (Level 1)		26,413		—		—			26,413
Corporate debt securities due within 3 months of date of purchase (Level 2)		14,699		—		—			14,699
Total cash and cash equivalents		59,340		—		—			59,340
Marketable securities:
Corporate debt securities due within 1 year of date of purchase (Level 2)		93,493		—		(237	)		93,256
U.S. government and government sponsored entities due within 1 year of date of purchase (Level 2)		596		—		—			596
Total cash, cash equivalents and marketable securities	$	153,429	$	—	$	(237	)	$	153,192

	December 31, 2021
	Cost		Unrealized gains		Unrealized losses			Fair value
Cash and cash equivalents:
Cash (Level 1)	$	18,877	$	—	$	—		$	18,877
Money market funds (Level 1)		17,392		—		—			17,392
Total cash and cash equivalents		36,269		—		—			36,269
Marketable securities:
Corporate debt securities due within 1 year of date of purchase (Level 2)		228,348		6		(66	)		228,288
Corporate debt securities due within 1 to 2 years of date of purchase (Level 2)		5,809		—		(20	)		5,789
Total cash, cash equivalents and marketable securities	$	270,426	$	6	$	(86	)	$	270,346