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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows used in operating activities:    
Net loss $ (46,077) $ (70,702)
Adjustments to reconcile net loss to cash used in operating activities:    
Stock-based compensation expense 12,596 12,676
Depreciation and amortization expense 896 1,003
Reduction in carrying amount of right-of-use asset 3,176 3,048
Net accretion of discounts on marketable securities (2,930) (1,724)
Amortization of debt discount − related party 0 354
Other 22 68
Changes in operating assets and liabilities:    
Accounts receivable 10,632 445
Prepaid expenses and other current and long-term assets (5,116) 2,096
Accounts payable (533) 941
Accrued expenses and other current liabilities (9,414) (3,133)
Operating lease liability (2,560) (2,299)
Deferred revenue 16,216 5,105
Net cash used in operating activities (23,092) (52,122)
Cash flows (used in) provided by investing activities:    
Proceeds from maturities of marketable securities 110,067 129,708
Purchases of marketable securities (174,972) (60,078)
Purchases of property and equipment, net (197) (951)
Net cash (used in) provided by investing activities (65,102) 68,679
Cash flows provided by (used in) financing activities:    
Proceeds from exercise of stock options 654 58
Payments for repurchase of common stock for tax withholding (109) (94)
Payment of long-term debt − related party 0 (1,500)
Other 84 106
Net cash provided by (used in) financing activities 34,718 (1,430)
Net change in cash, cash equivalents and restricted cash (53,476) 15,127
Cash, cash equivalents and restricted cash at beginning of period 130,033 33,033
Cash, cash equivalents and restricted cash at end of period 76,557 48,160
Reconciliation of cash, cash equivalents and restricted cash:    
Cash, cash equivalents and restricted cash at end of period 76,557 48,160
Less: restricted cash (3,443) (3,279)
Cash and cash equivalents at end of the period 73,114 44,881
Supplemental disclosures of cash flow information:    
Cash paid for leases 4,399 4,271
Cash paid for interest − related party 0 852
Supplemental disclosures of non-cash investing activities:    
Capital expenditures in accounts payable and accrued expenses 13 223
Stock Purchase Agreement    
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of common stock 20,000 0
At-The-Market    
Cash flows provided by (used in) financing activities:    
Proceeds from issuance of common stock $ 14,089 $ 0