XML 13 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (67,354) $ (58,298)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock-based compensation expense 12,048 9,190
Vesting of common stock warrant in return for services 44 44
Change in fair value of derivative liability 13 0
Depreciation and amortization 2,367 2,108
Amortization of right-of-use assets 851 732
Net amortization (accretion) of premium (discount) on marketable securities (3,092) (615)
Changes in operating assets and liabilities    
Prepaid expenses and other current assets (2,330) (475)
Other assets (1,636) 0
Accounts payable (83) 614
Accrued and other liabilities 785 (2,239)
Deferred revenue 72 (538)
Operating lease liabilities (1,016) (494)
Net cash used in operating activities (59,331) (49,971)
Cash flows from investing activities    
Purchase of marketable securities (374,084) (20,156)
Maturities of marketable securities 38,346 114,391
Acquisition of property and equipment (1,059) (1,817)
Net cash provided by (used in) investing activities (336,797) 92,418
Cash flows from financing activities    
Issuance of Common Stock upon Exercise of Stock Options and Warrants 3,963 2,029
Issuance of common stock - 2020 ESPP 707 658
Net cash provided by financing activities 336,081 141,513
Net increase (decrease) in cash and cash equivalents (60,047) 183,960
Cash and cash equivalents, beginning of period 249,108 52,351
Cash and cash equivalents, end of period 189,061 236,311
Supplemental disclosures of noncash investing and financing information    
Unpaid offering costs 0 183
Purchases of property and equipment in accounts payable and accrued and other liabilities 177 312
Public offering    
Cash flows from financing activities    
Issuance of common stock for the offering program, net of issuance costs 316,148 129,720
Payments Of Stock Issuance Costs 0 (329)
ATM Offering Program    
Cash flows from financing activities    
Issuance of common stock for the offering program, net of issuance costs 15,263 9,647
Payments Of Stock Issuance Costs $ 0 $ (212)