XML 20 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2020
Cash flows from operating activities:      
Net loss $ (82,339) $ (46,244) $ (29,116)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 564 537 512
Stock-based compensation expense 11,086 7,118 4,448
Realized loss (gain) from sale of marketable securities 581 (153) (300)
Non-cash operating lease expense 179 114 13
Amortization of premium on available for sale securities 2,565 685 193
Foreign currency exchange loss (gain) 1,552 (574) 74
Changes in operating assets and liabilities:      
Research and development tax credit receivable (5,201) 7,457 (5,781)
Prepaid expenses and other assets (9,280) (244) (1,117)
Accounts payable 1,687 150 (1,004)
Accrued expenses 472 983 (48)
Deferred revenue     (12,690)
Net cash used in operating activities (78,134) (30,171) (44,816)
Cash flows from investing activities:      
Purchases of available for sale securities (136,920) (201,210) (49,797)
Sales and maturities of available for sale securities 195,711 53,638 66,770
Acquisition of property and equipment (931) (82) (220)
Net cash provided by (used in) investing activities 57,860 (147,654) 16,753
Cash flows from financing activities:      
Issuance of common stock, net of offering expenses   210,582 11,422
Issuance of common stock from equity incentive plans 1,581 1,535 216
Finance lease principal payments     (54)
Net cash provided by financing activities 1,581 212,117 11,584
Effect of exchange rate changes on cash and cash equivalents (1,167) 511 262
Net (decrease) increase in cash and cash equivalents (19,860) 34,803 (16,217)
Cash and cash equivalents, beginning year 50,592 15,789 32,006
Cash and cash equivalents, end of year 30,732 50,592 15,789
Supplemental disclosures of cash flow information:      
Right of use assets obtained in exchange for operating lease liabilities 3,185 $ 4,784 $ 309
Property and equipment included in accounts payable and accrued expenses: $ 149