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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net loss $ (88,045) $ (28,208) $ (64,257)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 1,010 1,245 1,257
Loss on disposal of fixed assets 0 0 20
Net amortization of premiums and discounts on investments (86) (222) (296)
Stock-based compensation 7,172 4,872 3,884
Change in deferred rent 0 0 110
Other non-cash items 148 103 0
Changes in operating assets and liabilities:      
Accounts receivable 0 459 325
Prepaid expenses and other current assets (1,950) 2,179 (1,690)
Other assets (700) 0 (1,132)
Accounts payable 942 (3,110) 7,375
Accrued expenses 7,280 (3,569) 5,431
Operating lease assets 1,642 1,771 0
Operating lease liabilities (1,281) (1,883) 0
Deferred revenue (828) (41,381) (6,243)
Net cash used in operating activities (74,696) (67,744) (55,216)
Cash flows from investing activities      
Maturities of marketable securities 37,500 27,000 88,565
Purchase of marketable securities 0 (53,688) 0
Purchase of property and equipment (473) (605) (1,370)
Net cash provided by (used in) investing activities 37,027 (27,293) 87,195
Cash flows from financing activities      
Proceeds from exercise of stock options 3,138 175 918
Proceeds from purchases of common stock under ESPP 561 489 146
Proceeds from issuance of debt, net of issuance costs (197) 4,965 0
Payments under capital lease obligations (116) (87) 0
Net cash provided by financing activities 230,412 97,704 1,064
Increase in cash, cash equivalents and restricted cash 192,743 2,667 33,043
Cash, cash equivalents and restricted cash, beginning of period 62,672 60,005 26,962
Cash, cash equivalents and restricted cash, end of period 255,415 62,672 60,005
Supplemental disclosures of non-cash activities:      
Fair value of common stock retired in exchange for issuance of common stock warrant 0 8,986 0
Purchases of property and equipment in accounts payable and accrued expenses 102 0 317
Debt financing costs in accrued expenses 0 180 0
Cash paid for interest 234 132 0
Right-of-use assets obtained in exchange for operating lease liabilities 9,980 4,369 0
Right-of-use assets obtained in exchange for financing lease liabilities 0 429 0
Adjustment to accumulated deficit and deferred revenue upon adoption of Topic 606 0 0 2,031
Public Stock Offering      
Cash flows from financing activities      
Net proceeds from public offering of common stock 163,990 92,162 0
At market equity offering program (2018 ATM)      
Cash flows from financing activities      
Net proceeds from public offering of common stock $ 63,036 $ 0 $ 0