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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net (loss) income $ (33,050) $ 37,379
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 382 696
Amortization of premiums and discounts on marketable securities (79) 0
Non-cash lease expense 842 591
Gain on disposal of property and equipment 0 (147)
Stock-based compensation expense 6,059 6,317
Non-cash interest expense 533 579
Warrant liabilities revaluation (2,262) (13,868)
Changes in operating assets and liabilities:    
Accounts receivable 1,211 (14,080)
Unbilled receivable 2,107 0
Prepaid expenses, deposits and other assets 815 (374)
Accounts payable (49) 300
Income taxes payable 0 (280)
Deferred revenue 8,504 (42,213)
Accrued expenses and other liabilities (3,673) 965
Net cash used in operating activities (18,660) (24,135)
Cash flows from investing activities    
Proceeds from maturities of marketable securities 28,254 10,000
Purchases of property and equipment (142) (554)
Net cash provided by investing activities 28,112 9,446
Cash flows from financing activities    
Repayments of principal on outstanding debt (2,586) 0
Debt amendment fee included in debt discount 0 (110)
Net proceeds from issuance of common stock and common warrants 0 36,890
Proceeds from exercise of stock options 0 21
Proceeds from issuance of common stock under Employee Stock Purchase Plan 149 127
Net cash (used in) provided by financing activities (2,437) 38,603
Effect of exchange rate changes on cash (49) 86
Net change in cash, cash equivalents, and restricted cash 6,966 24,000
Cash, cash equivalents, and restricted cash at beginning of period 108,038 115,436
Cash, cash equivalents, and restricted cash at end of period 115,004 139,436
Supplemental cash flow information    
Cash paid for interest 1,242 1,014
Noncash investing and financing activities    
Issuance of common stock, license agreement in stock-based compensation expense 0 1,000
Stock-based compensation expense in accrued liabilities 1,500 0
Purchase of property and equipment not yet paid 48 320
Equity offering costs in accrued liabilities 0 31
At-The-Market Offering    
Cash flows from financing activities    
Net proceeds from issuance of common stock- at-the-market offering $ 0 $ 1,675