XML 14 R5.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net loss $ (39,652) $ (32,624)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of premium on marketable securities 507 430
Depreciation and amortization 535 536
Stock-based compensation expense 5,374 5,575
Gain on foreign currency translation 349 108
Non-cash operating lease expense 854 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 562 (563)
Accounts payable, accrued expenses and other current liabilities 3,300 471
Deferred revenue (1,527) (1,709)
Deferred rent 0 (50)
Operating lease liabilities (1,075) 0
Net cash used in operating activities (30,773) (27,826)
Investing activities    
Purchase of marketable securities (72,241) (118,705)
Proceeds from maturities of marketable securities 86,335 67,715
Purchase of property and equipment (715) (291)
Net cash provided by (used in) investing activities 13,379 (51,281)
Financing activities    
Proceeds from equity offerings, net of issuance costs 49,784 134,582
Proceeds from issuance of common stock under employee stock plans 786 1,137
Net cash provided by financing activities 50,570 140,409
Net increase inn cash and cash equivalents 33,176 61,302
Cash and cash equivalents at beginning of period 24,027 24,918
Cash and cash equivalents at end of period 57,203 86,220
Supplemental disclosures of non-cash investing and financing information    
Right-of-use asset obtained in exchange for lease obligation (6,585) 0
Issuance costs related to public offering included in accrued expenses 403
At The Market    
Financing activities    
Proceeds from equity offerings, net of issuance costs $ 0 $ 4,690