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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Cash flows from operating activities    
Net loss $ (23,042) $ (16,109)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 158 132
Stock-based compensation expense 2,642 2,795
Realized loss (gain) from sale of marketable securities 16 23
Non-cash operating lease expense 23 22
Amortization of premium on marketable securities 391 753
Foreign currency exchange loss (gain) 426 14
Changes in operating assets and liabilities:    
Research and development tax credit receivable (3,570) (3,211)
Prepaid expenses and other assets 1,935 (625)
Accounts payable (678) (528)
Accrued expenses (1,043) (1,001)
Net cash used in operating activities (22,742) (17,735)
Cash flows from investing activities    
Purchases of marketable securities (10,102) (19,036)
Sales and maturities of marketable securities 41,066 34,204
Acquisition of property and equipment (920) (287)
Net cash provided by investing activities 30,044 14,881
Cash flows from financing activities    
Issuance of common stock from equity incentive plans 168 608
Net cash provided by financing activities 168 608
Effect of exchange rate changes on cash and cash equivalents (339) (3)
Net increase (decrease) in cash and cash equivalents 7,131 (2,249)
Cash and cash equivalents at beginning of period 30,732 50,592
Cash and cash equivalents at end of period 37,863 $ 48,343
Supplemental disclosures of non-cash activities:    
Right of use assets obtained in exchange for operating lease liabilities 1,192  
Property and equipment included in accounts payable and accrued expenses: $ 144