XML 22 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net loss $ (26,518) $ (26,773)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 435 (3)
Non-cash lease expense 948 902
Stock-based compensation 7,616 2,912
Non-cash interest expense 1,753 1,044
Other, net (1,265) 499
Changes in operating assets and liabilities:    
Accounts receivable (6,131) (4,387)
Inventory (29,371) (16,601)
Prepaid commercial manufacturing 13,406 (268)
Prepaid expenses and other assets (5,450) (774)
Accounts payable 6,139 (346)
Accrued compensation and benefits (5,870) (2,474)
Operating lease liabilities (1,068) (937)
Accrued and other liabilities 6,791 (1,396)
Deferred revenue 2,863 3,807
Net cash used in operating activities (35,722) (44,795)
Investing activities    
Proceeds from maturities and redemptions of investments 31,602 11,000
Purchases of investments (34,024) (20,763)
Purchases of property and equipment (150) (14)
Net cash used in investing activities (2,572) (9,777)
Financing activities    
Proceeds from 2022 Loan, net of issuance costs 49,750 0
Proceeds from issuance of common stock in at the market offering, net of issuance costs 0 50,719
Proceeds from issuance of common stock under equity incentive and stock purchase plans 3,221 200
Net cash provided by financing activities 52,971 50,919
Net increase (decrease) in cash and cash equivalents 14,677 (3,653)
Cash and cash equivalents at beginning of period 21,470 96,140
Cash and cash equivalents at end of period 36,147 92,487
Supplementary disclosure of cash flow information:    
Cash paid for interest 2,095 860
Cash paid for income taxes $ 1 $ 0