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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (5,005) $ (95,764)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,293 8,353
Noncash lease expense 1,306 1,191
Loss from equity method investment (5,488) 0
Stock-based compensation expense 13,054 17,245
(Accretion of discount) amortization of premium on short-term investments (1,947) (894)
Loss on disposal of property and equipment 49 133
Gain on sale of business (131,249) 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 840 (4,996)
Accounts payable (981) (2,487)
Accrued expenses and other liabilities 7,418 1,500
Deferred revenue (3,208) (33,411)
Operating lease liabilities (719) (2,409)
Net cash used in operating activities (113,661) (109,751)
Cash flows from investing activities:    
Purchases of short-term investments (157,460) (97,392)
Maturities of short-term investments 65,461 49,000
Proceeds from sale of business 130,000 0
Purchases of property and equipment (1,285) (2,396)
Net cash provided by (used in) investing activities 36,716 (50,788)
Cash flows from financing activities:    
Proceeds from issuance of common stock in follow-on public offering, net of discounts and issuance costs 0 49,744
Proceeds from issuance of common stock pursuant to ATM financing, net of discounts and issuance costs 0 1,454
Proceeds from issuance of common stock from option exercises 1 145
Proceeds from issuance of common stock pursuant to employee stock purchase plan 595 826
Net cash provided by financing activities 596 52,169
Net change in cash, cash equivalents and restricted cash (76,349) (108,370)
Cash, cash equivalents and restricted cash, beginning of period 110,335 218,705
Cash, cash equivalents and restricted cash, end of period 33,986 110,335
Supplemental disclosures of noncash investing and financing activities:    
Cash paid for income taxes 720 0
Reclassification of liability for common stock vested 0 13
Property and equipment additions included in accounts payable 0 241
Property and equipment additions included in accrued expenses and other liabilities 8 116
Unrealized loss on available for sale securities, net $ (397) $ (7)