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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows used in operating activities:    
Net loss $ (132,493) $ (128,175)
Adjustments to reconcile net loss to cash used in operating activities:    
Stock-based compensation expense 27,235 30,016
Depreciation and amortization 1,880 1,676
Reduction in carrying amount of right-of-use asset 6,159 5,896
Accretion of (premium) discount on marketable securities (3,784) 714
Amortization of debt discount—related party 405 713
Loss on early extinguishment of debt 621 0
Other 77 0
Changes in operating assets and liabilities:    
Accounts receivable (10,327) 4,244
Prepaid expenses and other current and long-term assets 2,723 388
Accounts payable 273 (3,333)
Accrued expenses and other current liabilities 1,316 5,083
Operating lease liability (4,695) (507)
Deferred revenue 3,772 (22,654)
Net cash used in operating activities (106,838) (105,939)
Cash flows provided by investing activities:    
Proceeds from maturities of marketable securities 289,955 283,445
Purchase of marketable securities (129,898) (219,527)
Purchases of property and equipment (1,708) (5,496)
Net cash provided by investing activities 158,349 58,422
Cash flows provided by financing activities:    
Proceeds from issuance of common stock pursuant to the at-the-market equity program, net 57,673 0
Payment of long-term debt − related party (12,500) 0
Proceeds from exercises of stock options 58 777
Payments for repurchase of common stock for tax withholding (110) 0
Other 368 370
Net cash provided by financing activities 45,489 1,147
Net change in cash, cash equivalents and restricted cash 97,000 (46,370)
Cash, cash equivalents and restricted cash at beginning of period 33,033 79,403
Cash, cash equivalents and restricted cash at end of period 130,033 33,033
Reconciliation of cash, cash equivalents and restricted cash:    
Cash, cash equivalents and restricted cash at end of year 130,033 33,033
Less: restricted cash (3,443) (3,279)
Cash and cash equivalents at end of the year 126,590 29,754
Supplemental disclosure of cash flow information:    
Deferred revenue in accounts receivable 10,000 0
Cash paid for interest - related party 990 1,624
Cash paid for income taxes 1,003 0
Supplemental disclosures of non-cash investing and financing activities:    
Capital expenditures in accounts payable and accrued expenses 18 473
Operating lease liabilities arising from obtaining right-of-use assets $ 0 $ 44,067