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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Cash flows from operating activities    
Net loss $ (81,995) $ (66,602)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 597 530
Stock-based compensation expense 9,172 7,481
Realized (gain) loss from sale of marketable securities (1,130) 84
Non-cash operating lease expense (11) 52
Amortization of premium on marketable securities 88 890
Foreign currency exchange loss (gain) 596 (1,339)
Changes in operating assets and liabilities:    
Research and development tax credit receivable (6,215) 2,049
Prepaid expenses and other assets 906 4,440
Accounts payable (1,778) (1,911)
Accrued expenses 5,644 1,701
Net cash used in operating activities (74,126) (52,625)
Cash flows from investing activities    
Purchases of marketable securities (47,687) (63,757)
Sales and maturities of marketable securities 89,475 112,509
Acquisition of property and equipment (27) (1,127)
Website development costs (294)  
Net cash provided by investing activities 41,467 47,625
Cash flows from financing activities    
Issuance of common stock from equity incentive plans 616 482
Issuance of common stock, net of offering expenses of $0.3 million   56,582
Issuance of pre-funded warrants, net of offering expenses   1,085
Net cash provided by financing activities 616 58,149
Effect of exchange rate changes on cash and cash equivalents (1,139) 1,168
Net (decrease) increase in cash and cash equivalents (33,182) 54,317
Cash and cash equivalents at beginning of period 56,238 30,732
Cash and cash equivalents at end of period $ 23,056 85,049
Supplemental disclosures of non-cash activities:    
Right of use assets obtained in exchange for operating lease liabilities   $ 1,192