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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows used in operating activities:    
Net loss $ (20,971) $ (11,912)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Depreciation expense 451 416
Stock-based compensation expense 3,845 116
Accretion of discount on marketable securities 102  
Reduction in carrying amount of right-of-use assets 320 298
Amortization of debt discount 182  
Changes in operating assets and liabilities:    
Accounts receivable 828 1,303
Prepaid expenses and other current assets (40) (281)
Accounts payable (1,965) (2,100)
Accrued expenses and other current liabilities (3,666) (1,298)
Operating lease liability (251) (212)
Deferred revenue (3,769) (2,996)
Net cash used in operating activities (24,934) (16,666)
Cash flows used in investing activities:    
Sales and maturities of marketable securities 114,994  
Purchases of marketable securities (176,303)  
Purchases of property and equipment (421) (184)
Net cash used in investing activities (61,730) (184)
Cash flows (used in) provided by financing activities:    
Proceeds from exercises of stock options 166 156
Payment of initial public offering costs (314)  
Other (3)  
Net cash (used in) provided by financing activities (151) 156
Net change in cash, cash equivalents and restricted cash (86,815) (16,694)
Cash, cash equivalents and restricted cash at beginning of period 184,304 93,126
Cash, cash equivalents and restricted cash at end of period 97,489 76,432
Reconciliation of cash, cash equivalents and restricted cash:    
Cash, cash equivalents and restricted cash at end of period 97,489 76,432
Less: restricted cash (2,577) (2,577)
Cash and cash equivalents at end of the period 94,912 73,855
Supplemental disclosures of cash flow information:    
Cash paid for interest 358  
Supplemental disclosures of non-cash investing and financing activities:    
Capital expenditures in accounts payable and accrued expenses $ 722 12
Stock option repurchases included in accrued expenses   202
Vested stock option liability included in accrued expenses   $ 728