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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (51,501) $ (77,655)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 6,199 12,887
Depreciation and amortization expense 5,803 5,869
Non-cash operating lease cost 1,683  
Accretion of discount on investments (87) (199)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 2,772 (1,461)
Accounts receivable (1,717)  
Deferred revenue (17,709) (16,328)
Accounts payable (1,857) 106
Operating lease liabilities (3,164)  
Accrued expenses and other current and long-term liabilities (2,895) 1,261
Net cash (used in) operating activities (62,473) (75,520)
Cash flows from investing activities:    
Purchases of property and equipment (772) (2,133)
Purchases of investments (34,407) (21,832)
Sales and maturities of investments 8 118,887
Net cash (used in) provided by investing activities (35,171) 94,922
Cash flows from financing activities:    
Proceeds from public offering of common stock, net of commissions, underwriting discounts and offering costs 60,527  
Proceeds from exercise of stock options 145 136
Proceeds from issuance of common stock and restricted common stock 153 26
Payments of employee tax obligations related to vesting of restricted stock units   (196)
Issuance of common stock under ESPP plan 296 257
Net cash provided by (used in) financing activities 61,121 223
Net increase (decrease) in cash and cash equivalents (36,523) 19,625
Cash, cash equivalents and restricted cash at beginning of period 85,933 37,601
Cash, cash equivalents and restricted cash at end of period 49,410 57,226
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment purchases included in accounts payable and accrued expenses 54 $ 242
Reduction of right-of-use assets and lease liability from operating lease modifications or reassessments $ 154