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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net loss $ (60,062) $ (124,964)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,790 3,563
Depreciation and amortization 1,343 410
Non-cash lease expense 1,008 528
Changes in operating assets and liabilities:    
Accounts receivable (453) 354
Inventory (2,219) 0
Prepaid expenses and other current assets (2,350) (103)
Prepaid research and development 0 9,583
Other long-term assets 980 (981)
Accounts payable (1,144) 6,633
Accrued expenses and other liabilities (5,429) 49,428
Lease liabilities (235) (346)
Net cash used in operating activities (65,771) (55,895)
Investing activities    
Purchase of property and equipment (706) (1,120)
Net cash used in investing activities (706) (1,120)
Financing activities    
Proceeds from initial public offering, net of issuance costs 0 232,546
Proceeds from stock option exercises 98 211
Proceeds from stock issuances pursuant to employee stock purchase plan 216 0
Net cash provided by financing activities 314 232,757
Net (decrease) increase in cash, cash equivalents and restricted cash (66,163) 175,742
Cash, cash equivalents and restricted cash at beginning of period 233,312 173,133
Cash, cash equivalents and restricted cash at end of period 167,149 348,875
Supplemental disclosure of noncash investing and financing activities    
Right-of-use assets obtained in exchange for lease liability 19,245 13,499
Property and equipment purchases included in accounts payable and accrued expenses 265 354
Remeasurement of operating lease right-of-use asset for lease modification $ 0 $ 208