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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net loss $ (61,967) $ (54,840)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 12,740 6,596
Operating lease right-of-use asset amortization 1,168 887
Net amortization of premium on marketable securities 454 821
Depreciation 508 365
Changes in operating assets and liabilities:    
Research and development tax incentive receivable   (1,682)
Receivable from collaboration partner - related party 1,523 (4,651)
Prepaid expenses and other assets (255) (1,421)
Accounts payable (184) 4,874
Payable to collaboration partner - related party (819) 8,664
Accrued expenses and other payables (1,553) 1,386
Deferred revenue - related party (1,601) (12,468)
Operating lease liability (1,315) (987)
Net cash used in operating activities (51,301) (52,456)
Cash Flows from Investing Activities    
Purchase of marketable securities (102,121) (163,460)
Proceeds from maturities of marketable securities 132,942 165,080
Purchases of property and equipment (563) (640)
Net cash provided by investing activities 30,258 980
Cash Flows from Financing Activities    
Proceeds from at-the-market offering, net of issuance costs 14,553 123,995
Proceeds from issuance of common stock upon exercise of stock options and purchases under employee stock purchase plan 3,213 2,563
Tax withholding payments related to net settlement of restricted stock units (186) (189)
Issuance costs related to prior period common stock offering 25  
Net cash provided by financing activities 17,605 126,369
Effect of exchange rate changes on cash, cash equivalents and restricted cash 10 (74)
Net (decrease) increase in cash, cash equivalents and restricted cash (3,428) 74,819
Cash, cash equivalents and restricted cash, beginning of period 123,890 117,818
Cash, cash equivalents and restricted cash, end of period 120,462 192,637
Supplemental Disclosure of Non-Cash Financing and Investing Information:    
Purchases of property and equipment in accounts payable and accrued liabilities $ 122 63
Public Offering | Accrued liabilities and other payables    
Supplemental Disclosure of Non-Cash Financing and Investing Information:    
Issuance costs related to common stock offering   $ 197