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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows used in operating activities:    
Net loss $ (97,739) $ (90,990)
Adjustments to reconcile net loss to cash used in operating activities:    
Stock-based compensation expense 20,876 23,097
Depreciation and amortization expense 1,450 1,155
Reduction in carrying amount of right-of-use asset 4,596 4,394
Net (accretion) amortization of (discounts) premiums on marketable securities (2,817) 1,118
Amortization of debt discount − related party 405 534
Loss on early extinguishment of debt 621 0
Other 120 0
Changes in operating assets and liabilities:    
Accounts receivable 973 4,229
Prepaid expenses and other current and long-term assets 1,404 217
Accounts payable 104 (2,257)
Accrued expenses and other current liabilities (3,866) 2,391
Operating lease liability (3,489) 575
Deferred revenue (5,467) (21,274)
Net cash used in operating activities (82,829) (76,811)
Cash flows provided by investing activities:    
Proceeds from maturities of marketable securities 219,975 216,382
Purchases of marketable securities (92,020) (163,238)
Purchases of property and equipment, net (1,551) (4,006)
Net cash provided by investing activities 126,404 49,138
Cash flows (used in) provided by financing activities:    
Payment of long-term debt − related party (12,500) 0
Payments for repurchase of common stock for tax withholding (110) 0
Proceeds from exercise of stock options 58 730
Other 369 370
Net cash (used in) provided by financing activities (12,183) 1,100
Net change in cash, cash equivalents and restricted cash 31,392 (26,573)
Cash, cash equivalents and restricted cash at beginning of period 33,033 79,403
Cash, cash equivalents and restricted cash at end of period 64,425 52,830
Reconciliation of cash, cash equivalents and restricted cash:    
Cash, cash equivalents and restricted cash at end of period 64,425 52,830
Less: restricted cash (3,454) (3,279)
Cash and cash equivalents at end of the period 60,971 49,551
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 1,003 0
Cash paid for interest − related party 990 1,203
Cash paid for leases 6,421 5,083
Supplemental disclosures of non-cash investing and financing activities:    
Capital expenditures in accounts payable and accrued expenses 54 1,455
Operating lease liabilities arising from obtaining right-of-use assets $ 0 $ 44,067