XML 13 R7.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (28,016) $ (30,881)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 1,651 1,254
Noncash lease expense 777 561
Stock-based compensation expense 5,679 4,765
Amortization of deferred debt issuance costs 39 17
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (200) 214
Other non-current assets 92 84
Accounts payable (208) (2,333)
Operating lease liabilities (888) 2,474
Accrued and other current and non-current liabilities (1,775) (249)
Net cash used in operating activities (22,849) (24,094)
Cash flows from investing activities    
Purchases of property and equipment (239) (1,915)
Net cash provided by (used in) investing activities (239) (1,915)
Cash flows from financing activities    
Proceeds from issuance of common stock pursuant to at-the-market offering, net of issuance costs 19,266 0
Proceeds from issuance of common stock and pre-funded warrants pursuant to underwritten public offering, net of issuance costs 91,652 0
Proceeds from exercise of stock options 189 3
Taxes withheld and paid related to net share settlement of equity awards (141) (10)
Net cash provided by (used in) financing activities 110,966 (7)
Net change in cash and cash equivalents 87,878 (26,016)
Cash and cash equivalents at the beginning of period 159,711 257,656
Cash and cash equivalents, at the end of period 247,589 231,640
Supplemental disclosures of noncash investing and financing activities    
Purchases of property and equipment included in accounts payable and accrued expenses $ 320 $ 1,081