XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (38,391) $ (32,936)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of warrant liability (20,819) (11,035)
Share-based compensation 7,700 8,196
Depreciation and amortization 241 215
Non-cash lease expense 636 697
Changes in operating assets and liabilities:    
Accounts receivable 0 20,420
Unbilled Receivables (864) (4,921)
Prepaid expenses and other current assets (2,169) (1,422)
Accounts payable 1,902 3,134
Accrued liabilities 1,680 1,672
Deferred revenue 17,487 4,546
Operating lease liability (645) 181
Net cash used in operating activities (33,242) (20,707)
Cash flows from investing activities:    
Purchases of property and equipment (173) (700)
Purchases of short-term investments (218,164) (325,162)
Proceeds from maturity of short-term investments 205,117 340,582
Net cash (used in) provided by investing activities (13,220) 14,720
Cash flows from financing activities:    
Payment of RSU tax withholdings in exchange for common shares surrendered by RSU holders (194) 0
Proceeds from exercise of stock options 572 265
Proceeds from issuance of common stock, Gross 52,325 3,200
Payments of Issuance Costs (3,672) (64)
Net cash provided by financing activities 49,031 3,401
Net increase (decrease) in cash and cash equivalents 2,569 (2,586)
Cash and cash equivalents at beginning of the period 8,543 12,331
Cash and cash equivalents at end of the period 11,112 9,745
Supplemental disclosures:    
Income taxes paid 0 (8)
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 2,386 8,689
Warrants Issued Pursuant To Cashless Exercise $ 0 $ 6