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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (70,875) $ (51,501)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 6,122 6,199
Depreciation and amortization expense 5,069 5,803
Non-cash operating lease cost 1,693 1,683
Accretion of discount on investments (105) (87)
Amortization of debt issuance costs 329  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (3,054) 2,772
Accounts receivable (1,608) (1,717)
Deferred revenue (11,917) (17,709)
Accounts payable 1,032 (1,857)
Operating lease liabilities (3,288) (3,164)
Accrued expenses and other current and long-term liabilities 919 (2,895)
Net cash used in operating activities (75,683) (62,473)
Cash flows from investing activities:    
Purchases of property and equipment (365) (772)
Purchases of investments (125,995) (34,407)
Sales and maturities of investments 42,804 8
Net cash used in investing activities (83,556) (35,171)
Cash flows from financing activities:    
Proceeds from public offering of common stock, net of commissions, underwriting discounts and offering costs 244,020 60,527
Proceeds from Securities Purchase Agreement, net of issuance costs - related party 20,000  
Proceeds from exercise of stock options 12,065 145
Proceeds from issuance of common stock and restricted common stock 120 153
Proceeds from at the market equity offering, net of commissions 24,772  
Issuance of common stock under ESPP plan 462 296
Net cash provided by financing activities 301,439 61,121
Net increase (decrease) in cash and cash equivalents 142,200 (36,523)
Cash, cash equivalents and restricted cash at beginning of period 65,126 85,933
Cash, cash equivalents and restricted cash at end of period 207,326 49,410
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,843  
Supplemental disclosure of non-cash investing and financing activities:    
Issuance costs from public offering included in accounts payable and accrued expenses 272  
Securities Purchase Agreement issuance costs included in accounts payable and accrued expenses - related party 100  
Proceeds from exercise of stock options in prepaid expenses and other current assets $ 61  
Reduction of right-of-use assets and lease liability from operating lease modifications or reassessments   154
Property and equipment purchases included in accounts payable and accrued expenses   $ 54