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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (96,725) $ (18,382)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain from sale of priority review voucher, net   (62,010)
Depreciation and amortization 609 491
Stock-based compensation 22,065 14,426
Foreign currency transactions 3,698 751
Changes in assets and liabilities:    
Accounts receivable, net (1,539) (7,264)
Inventories (730) (4,787)
Other current assets 2,919 4,930
Other assets (2,430) (1,461)
Accounts payable 171 1,652
Accrued liabilities and other 4,702 2,961
NET CASH USED IN OPERATING ACTIVITIES (67,260) (68,693)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment   (512)
Net proceeds from sale of priority review voucher   62,010
NET CASH PROVIDED BY INVESTING ACTIVITIES   61,498
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net of issuance costs   107,725
Proceeds from exercised stock options 84 489
NET CASH PROVIDED BY FINANCING ACTIVITIES 84 108,214
Effect of exchange rates on cash and cash equivalents 138 77
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS (67,038) 101,096
Cash and cash equivalents at the beginning of period 181,564 114,634
Cash and cash equivalents at the end of period 114,526 $ 215,730
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Intangible assets acquisition in accrued milestones 1,500  
Right-of-use assets obtained in exchange for lease obligations 347  
Acquisition of treasury shares upon repayment of secured promissory note - refer to Note 10 $ 963