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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (52,412) $ (42,330)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 8,260 8,642
Depreciation and amortization expense 1,559 1,496
Amortization (accretion) of premium (discount) on investments (25) 61
Non-cash interest expense 204 693
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 287 (384)
Operating lease, right-of-use-asset 1,248 1,347
Accounts payable 124 (757)
Accrued expenses and other current liabilities (5,200) (6,325)
Other long-term liabilities (34) (34)
Operating lease liabilities (1,146) (1,148)
Net cash used in operating activities (47,135) (38,739)
Cash flows from investing activities:    
Purchases of property, plant and equipment (2,402) (748)
Purchases of investments (78,445)  
Sales and maturities of investments   42,500
Net cash provided by (used in) investing activities (80,847) 41,752
Cash flows from financing activities:    
Proceeds from underwritten public offering of common stock, net of commissions and underwriting discounts   188,000
Proceeds from issuance of common stock upon exercise of stock options 76 5,908
Net cash provided by financing activities 76 193,908
Net increase (decrease) in cash, cash equivalents and restricted cash (127,906) 196,921
Cash, cash equivalents and restricted cash at beginning of period 227,583 92,901
Cash, cash equivalents and restricted cash at end of period 99,677 289,822
Supplemental cash flow information:    
Cash paid for interest 1,425 1,054
Cash paid for leases 1,823 1,901
Supplemental disclosure of non-cash investing and financing information:    
Purchases of property, plant and equipment included in accounts payable or accrued expenses $ 1,257 408
Offering costs included in accounts payable and accrued expenses   $ 494