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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flow from operating activities    
Net loss $ (40,406) $ (51,769)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 4,809 7,592
Depreciation 4,016 2,459
Amortization of premiums and discounts on marketable securities 2 213
Other non-cash items (2,469) (2,460)
Changes in operating assets and liabilities:    
Related party collaboration receivable 581 6,254
Prepaid expenses and other current assets 6 893
Operating lease, right-of-use asset 2,556 1,922
Other non-current assets   69
Accounts payable 644 156
Accrued expenses (3,652) (3,357)
Operating lease liabilities (2,647) (1,891)
Other non-current liabilities (287)  
Deferred revenue 52,787 (4,092)
Net cash provided by (used in) operating activities 15,941 (44,011)
Cash flow from investing activities    
Purchases of property and equipment (1,280) (602)
Purchases of marketable securities (54,848)  
Proceeds from sales and maturities of marketable securities   57,632
Net cash (used in) provided by investing activities (56,128) 57,030
Cash flow from financing activities    
Proceeds from the exercise of stock options 587 28
Proceeds from the purchase of common stock under ESPP 232 357
Net cash provided by financing activities 819 385
Net (decrease) increase in cash, cash equivalents, and restricted cash (39,368) 13,404
Cash, cash equivalents, and restricted cash beginning of period 119,212 106,219
Cash, cash equivalents, and restricted cash end of period 79,844 119,623
Supplemental disclosure of cash and non-cash activities    
Capital expenditures incurred but not yet paid $ 113 $ 111