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Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (223,485) $ (100,077) $ (89,217)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,577 1,800 1,405
Stock-based compensation expense 23,650 10,729 5,434
Non-cash payments for acquired manufacturing rights 7,995 0 0
Change in fair value of redeemable convertible preferred stock warrant 0 0 179
Loss on disposal of assets 44 97 34
Asset impairment charges 213 0 267
Amortization of operating right-of-use assets 6,619 1,657 0
Net amortization of premiums on investments (947) 1,406 0
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 433 (7,369) (58)
Other assets (465) (3,539) (75)
Operating lease liabilities 1,151 (12,856) 0
Accounts payable 2,896 (12,470) 26,102
Accrued compensation (2,275) 3,170 (130)
Accrued manufacturing expenses 3,826 (8,572) 7,235
Accrued expenses 7,171 4,631 2,207
Deferred rent and other long-term liabilities 0 0 (11)
Net cash used in operating activities (170,597) (121,393) (46,628)
Cash flows from investing activities:      
Purchases of property and equipment (5,848) (6,555) (1,155)
Purchases of investments (102,745) (336,341) 0
Maturities of investments 168,691 100,500 0
Sales of investments 14,480 30,062 0
Proceeds from sales of property and equipment 7 26 50
Net cash provided by (used in) investing activities 74,585 (212,308) (1,105)
Cash flows from financing activities:      
Payments of capital lease obligations 0 0 (61)
Proceeds from initial public offering, net of issuance costs 0 0 264,007
Proceeds from issuance of common stock and pre-funded warrants from follow-on offerings, net of issuance costs 759,181 0 0
Proceeds from issuance of common stock under ATM Sales Program, net of issuance costs 97,299 13,896 0
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs 0 0 109,879
Proceeds from exercise of common stock options 4,895 3,012 635
Proceeds from issuance of common stock related to early exercised stock options 0 0 36
Proceeds from issuance of common stock under the Employee Stock Purchase Plan 1,033 888 374
Release of restricted stock units (861) 0 0
Net cash provided by financing activities 861,547 17,796 374,870
Effect of exchange rate changes on cash and cash equivalents 137 (439) 87
Net increase (decrease) in cash, cash equivalents and restricted cash 765,672 (316,344) 327,224
Cash, cash equivalents and restricted cash, beginning of period 69,856 386,200 58,976
Cash, cash equivalents and restricted cash, end of period 835,528 69,856 386,200
Supplemental disclosure of cash flow information:      
Cash paid for interest 2 7 7
Supplemental disclosures of non-cash investing and financing activities:      
Purchases of property and equipment recorded in accounts payable and accrued expenses 110 766 494
Issuance of common stock for acquired manufacturing rights 7,995 0 0
Conversion of convertible preferred stock into common stock 0 0 270,190
Stock issued for payment of accounts payable 0 10,000 0
Deferred offering costs included in accounts payable and accrued expenses $ 0 $ 0 $ 134