XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flow from operating activities    
Net loss $ (22,782) $ (76,906)
Adjustments to reconcile net loss (income) to net cash used in operating activities:    
Stock-based compensation expense 6,998 9,670
Depreciation 5,357 3,683
Amortization of premiums and discounts on marketable securities (23) 324
Other non-cash items (2,468) (2,460)
Changes in operating assets and liabilities:    
Accounts receivable (10,000)  
Related party collaboration receivable 507 6,847
Prepaid expenses and other current assets (1,652) 1,731
Operating lease, right-of-use asset 3,005 2,265
Other non-current assets   69
Accounts payable 763 (42)
Accrued expenses 1,536 (2,912)
Operating lease liabilities (3,280) (2,348)
Other non-current liabilities (151)  
Deferred revenue 21,925 (4,641)
Net cash used in operating activities (265) (64,720)
Cash flow from investing activities    
Purchases of property and equipment (1,558) (1,262)
Purchases of marketable securities (54,848)  
Proceeds from sales and maturities of marketable securities 35,000 72,632
Net cash (used in) provided by investing activities (21,406) 71,370
Cash flow from financing activities    
Proceeds from the exercise of stock options 602 28
Proceeds from the purchase of common stock under ESPP 232 357
Net cash provided by financing activities 834 385
Net (decrease) increase in cash, cash equivalents, and restricted cash (20,837) 7,035
Cash, cash equivalents, and restricted cash beginning of period 119,212 106,219
Cash, cash equivalents, and restricted cash end of period 98,375 113,254
Supplemental disclosure of cash and non-cash activities    
Capital expenditures incurred but not yet paid $ 40 $ 22