XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net loss $ (89,188) $ (50,828)
Items not involving cash:    
Depreciation 956 751
Deferred income tax expense 64 154
Stock-based compensation 14,447 8,822
Unrealized foreign exchange (gain) loss (452) 492
Unrealized fair value (gain) loss on trading securities (2,914) 4,650
Changes in operating assets and liabilities:    
Accounts receivable 269 235
Prepaid expenses and other current assets 4,199 439
Accounts payable and accrued expenses 4,987 (11)
Net cash used in operating activities (67,632) (35,296)
Investing activities:    
Purchases of property, plant and equipment (4,339) (756)
Purchases of marketable securities (270,554) (141,638)
Proceeds from marketable securities 349,417 94,823
Net cash provided by (used in) investing activities 74,524 (47,571)
Financing activities:    
Issuance of common shares and pre-funded warrants, net of issuance costs (note 8a and note 8c)   277,766
Net cash provided by financing activities   277,766
Effect of exchange rate changes on cash and cash equivalents 418 (600)
Increase in cash and cash equivalents 7,310 194,299
Cash and cash equivalents, beginning of period 57,242 175,688
Cash and cash equivalents, end of period 64,552 369,987
Supplemental disclosures:    
Interest received 6,366 3,509
Cash paid for operating lease 709 410
Supplemental disclosures of non-cash transactions:    
Fair value of stock options exercised on a cashless basis 3,114 $ 2,409
Fair value of pre-funded warrants exercised 14,758  
Increase in operating lease liability and accounts receivable related to lease incentives claimed in the period $ 1,380