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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (33,051) $ (60,492)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,545 1,772
Depreciation and amortization 363 216
Non-cash lease expense 409 143
Changes in operating assets and liabilities:    
Accounts receivable (2,417) 471
Inventory (3,499) 0
Prepaid expenses and other current assets (3,748) (342)
Prepaid research and development 0 (6,803)
Other long-term assets 981 (981)
Accounts payable 141 5,821
Accrued expenses and other liabilities (4,463) 24,283
Lease liabilities (19) (179)
Net cash used in operating activities (43,758) (22,485)
Investing activities    
Purchase of property and equipment (507) (698)
Net cash used in investing activities (507) (698)
Financing activities    
Proceeds from initial public offering, net of issuance costs 0 233,348
Proceeds from stock option exercises 98 131
Proceeds from stock option issuances pursuant to employee stock purchase plan 216 0
Net cash provided by financing activities 314 233,479
Net increase (decrease) in cash, cash equivalents and restricted cash (43,951) 210,296
Cash, cash equivalents and restricted cash at beginning of period 233,312 173,133
Cash, cash equivalents and restricted cash at end of period 189,361 383,429
Supplemental disclosure of noncash investing and financing activities    
Property and equipment purchases included in accounts payable and accrued expenses 94 117
Deferred initial public offering costs included in accounts payable and accrued expenses 0 802
Remeasurement of operating lease right-of-use asset for lease modification $ 285 $ 0