XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (35,465) $ (19,881)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 3,624 1,959
Depreciation and amortization expense 1,476 1,802
Non-cash operating lease cost 655 536
Accretion of discount on investments 851 (66)
Non-cash interest expense 118 314
Changes in operating assets and liabilities:    
Prepaid expenses and other current and long-term assets (1,402) 203
Accounts receivable 6,783 (237)
Deferred revenue (4,648) (6,634)
Accounts payable 973 590
Operating lease liabilities (1,232) (1,066)
Accrued expenses and other current and long-term liabilities (1,229) (1,771)
Net cash used in operating activities (29,496) (24,251)
Cash flows from investing activities:    
Purchases of property and equipment (1,342) (71)
Purchases of investments (46,944) (12,931)
Sales and maturities of investments 27,548 22,439
Net cash (used in) provided by investing activities (20,738) 9,437
Cash flows from financing activities:    
Proceeds from exercise of stock options 372 60
Proceeds from issuance of common stock and restricted common stock   120
Proceeds from at the market equity offering, net of commissions   4,116
Issuance of common stock under ESPP plan 392 249
Net cash provided by financing activities 764 4,545
Net decrease in cash and cash equivalents (49,470) (10,269)
Cash, cash equivalents and restricted cash at beginning of period 116,049 65,126
Cash, cash equivalents and restricted cash at end of period 66,579 54,857
Supplemental disclosure of cash flow information:    
Cash paid for interest 603 610
Supplemental disclosure of non-cash investing and financing activities:    
Unsettled issuance of common stock from the at the market offering   62
Property and equipment purchases included in accounts payable and accrued expenses $ 268 $ 133