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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income (loss) $ 28,778 $ (24,597)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 351 207
Amortization of premiums and discounts on marketable securities 1 14
Non-cash lease expense 293 272
(Gain) on disposal of property and equipment (147) 0
Stock-based compensation expense 2,753 1,780
Non-cash interest expense 383 387
Warrant liabilities revaluation (18,515) 16,747
Changes in operating assets and liabilities:    
Accounts receivable 2,761 (1,118)
Prepaid expenses, deposits and other assets 853 (1,512)
Accounts payable 18 151
Income taxes payable (281) 0
Deferred revenue (26,890) (2,728)
Accrued expenses and other liabilities (2,222) (1,736)
Net cash (used in) operating activities (11,864) (12,133)
Cash flows from investing activities    
Proceeds from maturities of marketable securities 10,000 0
Purchases of marketable securities 0 (22,420)
Purchases of property and equipment (455) (25)
Net cash provided by (used in) investing activities 9,545 (22,445)
Cash flows from financing activities    
Debt amendment fee included in Debt Discount (110) 0
Net proceeds from issuance of common stock 1,690 20,991
Proceeds from exercise of stock options 21 244
Proceeds from issuance of common stock under Employee Stock Purchase Plan 127 72
Net cash provided by financing activities 1,728 21,307
Effect of exchange rate changes on cash (29) (7)
Net change in cash, cash equivalents, and restricted cash (620) (13,278)
Cash, cash equivalents, and restricted cash at beginning of period 115,436 140,064
Cash, cash equivalents, and restricted cash at end of period 114,816 126,786
Supplemental cash flow information    
Cash paid for interest 494 494
Noncash investing and financing activities    
Purchase of property and equipment not yet paid 91 10
Equity offering costs in accrued liabilities $ 94 $ 48