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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (25,928) $ (16,999)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 536 603
Stock-based compensation expense 3,847 2,073
Net amortization of premiums and discounts on marketable securities 353 74
Changes in operating assets and liabilities:    
Accounts receivable 2,500 2,000
Unbilled accounts receivable 335 (1)
Prepaid expenses and other current assets 96 1,466
Operating lease assets and liabilities 107 (103)
Other assets (274) 15
Accounts payable 509 920
Accrued expenses and other liabilities (2,397) (2,016)
Deferred revenue (1,790) (4,258)
Net cash used in operating activities (22,106) (16,226)
Investing activities    
Purchases of marketable securities (4,990) (2,997)
Maturities of marketable securities 24,895 15,674
Purchases of property and equipment (246) (262)
Net cash used in investing activities 19,659 12,415
Financing activities    
Proceeds from issuance of common stock in connection with follow-on offering, net of issuance costs 0 47,424
Principal payments on capital lease obligations 0 (13)
Proceeds from issuance of common stock under benefit plans, net 348 93
Net cash provided by financing activities 348 47,504
Net increase (decrease) in cash, cash equivalents and restricted cash (2,099) 43,693
Cash, cash equivalents, and restricted cash, beginning of period 36,504 58,144
Cash, cash equivalents, and restricted cash, end of period 34,405 101,837
Supplemental cash flow information    
Cash paid for operating lease liabilities 597 0
Non-cash investing and financing activities:    
Property and equipment purchases unpaid at end of period 847 40
Issuance of common stock receivable 47 0
Offering costs unpaid at end of period 0 18
Cash and cash equivalents 33,313 100,745
Restricted cash $ 1,092 $ 1,092