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Unaudited Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net loss $ (40,876) $ (32,066)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 233 87
Stock-based compensation expenses 9,382 3,279
Amortization of premiums and discounts on marketable securities, net (4,996)  
Noncash lease expense 436  
Changes in operating assets and liabilities:    
Accounts receivable 1,029 (209)
Prepaid expenses and other current assets (1,328) 388
Accounts payable 464 746
Accrued compensation (2,779) (3,762)
Accrued expenses and other current liabilities (693) 4,071
Deferred revenue (340) (1,937)
Operating lease liabilities (76) 15
Net cash used in operating activities (39,544) (29,388)
Cash flows from investing activities    
Purchases of property and equipment (530) (955)
Proceeds from maturities of short term investments 82,600  
Purchases of short term investments (274,403)  
Net cash used in investing activities (192,333) (955)
Cash flows from financing activities    
Proceeds from sale of common stock in public offerings, gross 53,159  
Payment of financing costs (3,253) (226)
Proceeds from issuance of common stock upon stock option exercises 2,893 349
Net cash provided by financing activities 52,799 123
Net decrease in cash and cash equivalents (179,078) (30,220)
Cash and cash equivalents at beginning of period 292,423 257,254
Cash and cash equivalents cash at end of period 113,345 227,034
Supplemental disclosures    
Cash paid for income taxes   4
Right-of-use assets obtained in exchange for lease liabilities   14,597
Supplemental schedule of non-cash investing and financing activities    
Vesting of early exercised stock options 5 6
Financing costs incurred, but not paid, included in accrued expenses and accounts payable   339
Costs incurred, but not paid, in connection with capital expenditures included in accounts payable $ 34 $ 291