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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (62,181) $ (98,903)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 6,280 5,909
Noncash lease expense 869 686
Stock-based compensation expense 12,582 9,682
Accretion of discount (amortization of premium) on short-term investments 664 (197)
Loss on disposal of property and equipment 6 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (2,133) 938
Accounts payable (1,123) 486
Accrued expenses and other liabilities 225 924
Deferred revenue (32,609) (590)
Operating lease liabilities (1,901) (1,655)
Net cash used in operating activities (79,321) (82,720)
Cash flows from investing activities:    
Purchases of short-term investments (97,391) (19,991)
Maturities of short-term investments 5,000 228,620
Purchases of property and equipment (2,058) (2,778)
Net cash (used in) provided by investing activities (94,449) 205,851
Cash flows from financing activities:    
Proceeds from issuance of common stock in follow-on public offering, net of discounts and issuance costs 49,744
Proceeds from issuance of common stock pursuant to employee stock purchase plan 825 938
Proceeds from issuance of common stock from option exercises 145 160
Net cash provided by financing activities 52,168 1,098
Net change in cash, cash equivalents and restricted cash (121,602) 124,229
Cash, cash equivalents and restricted cash, beginning of period 218,705 55,048
Cash, cash equivalents and restricted cash, end of period 97,103 179,277
Supplemental disclosures of noncash investing and financing activities:    
Reclassification of liability for common stock vested 12 21
Property and equipment additions included in accounts payable 34 677
Property and equipment additions included in accrued expenses and other liabilities 0 126
Unrealized gain (loss) on available for sale securities, net (5) (183)
A T M    
Cash flows from financing activities:    
Proceeds from issuance of common stock in follow-on public offering, net of discounts and issuance costs $ 1,454