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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 $ (35,467) $ (42,077)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 12,535 11,661
NonCashLeaseExpense   16
Depreciation and amortization expense 104 7
Accretion of premium and discounts on marketable securities (3,087)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 2,311 275
Other assets (197)  
Accounts payable (1,851) (877)
Accrued expenses and other liabilities (4,157) (28,014)
Operating lease liabilities (41)  
Net cash used in operating activities (29,850) (59,009)
Cash flows from investing activities    
Additions to property and equipment   (44)
Purchases of marketable securities (156,626)  
Sales and maturities of marketable securities 181,106  
Net cash provided by (used in) investing activities 24,480 (44)
Cash flows from financing activities    
Proceeds from issuance of common stock for exercise of stock options   223
Proceeds from issuance of common stock under ESPP 165  
Net cash provided by financing activities 165 223
Net decrease in cash, cash equivalents and restricted cash (5,205) (58,830)
Cash, cash equivalents and restricted cash at the beginning of period 188,658 764,680
Cash, cash equivalents and restricted cash at the end of period 183,453 705,850
Cash, cash equivalents and restricted cash at the end of period:    
Cash and cash equivalents 183,255 705,545
Restricted cash 198 305
Cash, cash equivalents and restricted cash at the end of period $ 183,453 705,850
Supplemental disclosure of noncash financing activities    
Property and equipment purchases unpaid at period end   702
Right of use assets obtained in exchange for operating lease liabilities   $ 2,938