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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Cash Flows from Operating Activities    
Net loss $ (22,532) $ (12,290)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 382 256
Stock-based compensation expense 3,358 2,120
Realized (gain) from available for sale securities (229)  
Amortization of right of use assets 418  
Amortization of discount/premium on available for sale securities 136  
Foreign currency exchange gain (224) (20)
Changes in operating assets and liabilities:    
Research and development tax credit receivable (3,405) (2,409)
Prepaid expenses and other current assets (187) (2,475)
Accounts payable 133 1,748
Accrued expenses (766) 417
Lease obligations (416)  
Deferred revenue (8,866) (13,201)
Net cash used in operating activities (32,198) (25,854)
Cash Flows from Investing Activities    
Acquisition of property and equipment (212) (806)
Purchases of available for sale securities (45,114) (55,419)
Sales and maturities of available for sale securities 52,052 850
Net cash provided by (used in) investing activities 6,726 (55,375)
Cash Flows from Financing Activities    
Capital lease principal payments (53) (155)
Issuance of common stock from equity incentive plans 214 132
Issuance of common stock, net of offering expenses 11,422 87,811
Net cash provided by financing activities 11,583 87,788
Effect of exchange rate changes on cash and cash equivalents 498 (1,269)
Net (decrease) increase in cash and cash equivalents (13,391) 5,290
Cash and cash equivalents at beginning of period 32,006 51,055
Cash and cash equivalents at end of period $ 18,615 $ 56,345