XML 13 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (57,917) $ (63,284)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 3,253 2,764
Noncash lease expense 1,570 1,335
Stock-based compensation expense 11,683 9,788
Amortization of deferred debt issuance costs 39 28
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,723) 186
Other non-current assets 190 177
Accounts payable (775) (1,624)
Operating lease liabilities (1,792) 1,618
Accrued and other current and non-current liabilities (799) 19
Net cash used in operating activities (46,271) (48,993)
Cash flows from investing activities    
Purchases of property and equipment (541) (3,422)
Net cash used in investing activities (541) (3,422)
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 195 4
Proceeds from Employee Stock Purchase Plan 198 225
Taxes withheld and paid related to net share settlement of equity awards (141) (10)
Net cash provided by financing activities 111,170 219
Net change in cash and cash equivalents 64,358 (52,196)
Cash and cash equivalents at the beginning of period 159,711 257,656
Cash and cash equivalents, at the end of period 224,069 205,460
Supplemental disclosures of noncash investing and financing activities    
Purchases of property and equipment included in accounts payable and accrued expenses $ 256 $ 670