XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (59,309) $ (51,894)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,664 1,224
Stock-based compensation expense 11,047 11,499
Purchase of net discount (premium) on marketable securities 1,705 (20)
Net (accretion of discount) amortization of premiums on marketable securities (2,487) 165
Non-cash lease expense 1,323 1,001
Changes in assets and liabilities:    
Prepaid expenses and other current assets (58) 933
Other non-current assets (154) 29
Accounts payable 1,604 (1,244)
Accrued liabilities (5,102) 362
Lease liabilities, net (708) (944)
Deferred Revenue (522) 0
Net cash used in operating activities (50,997) (38,889)
Cash flows from investing activities:    
Purchase of property, plant and equipment (3,937) (2,977)
Purchases of marketable securities (89,274) (40,126)
Proceeds from maturities of marketable securities 163,035 24,000
Net cash provided by (used in) investing activities 69,824 (19,103)
Cash flows from financing activities:    
Proceeds from exercise of stock options 75 133
Payment of deferred offering costs 0 (61)
Net cash provided by financing activities 75 72
Net increase (decrease) in cash, cash equivalents, and restricted cash 18,902 (57,920)
Beginning of period 121,920 134,035
End of period 140,822 76,115
Cash and cash equivalents 140,164 75,417
Restricted cash 658 698
Cash, cash equivalents, and restricted cash 140,822 76,115
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets recognized in exchange for lease obligations 830 2,093
Unpaid amounts related to purchase of property, plant and equipment 2,439 231
Unpaid amounts related to offering costs for public offering $ 0 $ 460