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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (14,803) $ (32,117)
Adjustments to reconcile net loss to net cash from operating activities:    
Stock-based compensation expense 5,017 4,963
Non-cash interest expense 182 270
Depreciation and amortization expense 2,128 2,759
Non-cash manufacturing expense 462  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 757 (947)
Prepaid manufacturing services 13  
Operating right-of-use assets 654 484
Accounts payable (650) (54)
Accrued expenses (1,900) (459)
Deferred revenue (26,016) (11,835)
Operating lease liabilities (1,292) (384)
Net cash used in operating activities (35,448) (37,320)
Cash flows from investing activities:    
Purchases of property and equipment (353) (2,365)
Net cash used in investing activities (353) (2,365)
Cash flows from financing activities:    
Proceeds from exercise of common stock options   2,770
Net cash received from Employee Stock Purchase Program (ESPP) 126  
Proceeds from issuance of common stock, net of issuance costs 522 61,681
Net cash provided by financing activities 648 64,451
Net (decrease) increase in cash, cash equivalents and restricted cash (35,153) 24,766
Cash, cash equivalents and restricted cash, beginning of period 81,108 93,085
Cash, cash equivalents and restricted cash, end of period 45,955 117,851
Supplemental disclosures:    
Cash paid for interest 516 1,138
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses 4 368
Deferred offering costs included in accrued expenses   16
Reconciliation to amounts within the consolidated balance sheets    
Cash and cash equivalents 41,785 113,681
Restricted cash 4,170 4,170
Cash, cash equivalents and restricted cash at end of period $ 45,955 $ 117,851