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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows used in operating activities:    
Net loss $ (115,438) $ (111,694)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,324 915
Noncash lease expense 1,718 1,328
Stock-based compensation 25,144 20,931
Amortization of premium and discount on marketable securities, net 2,591 1,364
Changes in operating assets and liabilities:    
Prepaid expenses and other current and long-term assets (3,843) (1,382)
Accounts payable (347) 3,903
Accrued expenses and other liabilities 6,833 2,463
Operating lease liabilities (1,711) (1,359)
Net cash used in operating activities (83,729) (83,531)
Cash flows provided by (used in) investing activities:    
Purchases of marketable securities (119,223) (261,480)
Proceeds from maturities of marketable securities 203,933  
Purchases of property and equipment (3,019) (2,323)
Net cash provided by (used in) investing activities 81,691 (263,803)
Cash flows provided by financing activities:    
Proceeds from the sale of common stock, net of offering costs   161,424
Payment of offering costs   (303)
Proceeds from issuance of common stock in connection with the exercise of stock options 389 3,504
Proceeds from the issuance of common stock under ESPP 426 272
Net cash provided by financing activities 815 164,897
Net (decrease) increase in cash and cash equivalents (1,223) (182,437)
Cash, cash equivalents and restricted cash at beginning of year 35,872 218,309
Cash, cash equivalents and restricted cash at end of year 34,649 35,872
Supplemental disclosures:    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 1,803 567
Property and equipment in accounts payable 90 806
Unrealized loss on marketable securities $ (981) $ (711)