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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net loss $ (11,962) $ (41,825)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 963 907
Loss on disposal of fixed assets   20
Net amortization of premiums and discounts on investments (87) (288)
Stock-based compensation 3,610 2,756
Non-cash rent expense   77
Non-cash interest expense 65  
Changes in operating assets and liabilities:    
Accounts receivable 161 198
Prepaid expenses and other current assets 1,318 (1,379)
Other assets   (1,433)
Accounts payable (3,102) 3,619
Accrued expenses (4,518) 3,568
Operating lease assets and liabilities (66)  
Deferred revenue (41,550) (5,532)
Net cash used in operating activities (55,168) (39,312)
Cash flows from investing activities    
Maturities of marketable securities 10,500 74,565
Purchase of marketable securities (53,688)  
Purchase of property and equipment (605) (1,093)
Net cash provided by (used in) investing activities (43,793) 73,472
Cash flows from financing activities    
Net proceeds from public offering of common stock 92,162  
Proceeds from exercise of stock options 121 853
Proceeds from purchases of common stock under ESPP 283  
Proceeds from issuance of debt, net of issuance costs 4,965  
Payments under capital lease obligations (58)  
Net cash provided by financing activities 97,473 853
Increase (decrease) in cash, cash equivalents and restricted cash (1,488) 35,013
Cash, cash equivalents and restricted cash, beginning of period 60,005 26,962
Cash, cash equivalents and restricted cash, end of period 58,517 61,975
Supplemental disclosures of non-cash activities:    
Purchases of property and equipment included in accounts payable and accrued expenses   75
Debt financing costs in accrued expenses 180  
Cash paid for interest 64  
Property and equipment acquired under finance leases $ 429  
Adjustment to accumulated deficit and deferred revenue upon adoption of Topic 606   $ 2,031