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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net loss $ (23,646) $ (16,429)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 8,062 6,039
Depreciation and amortization 875 482
Net amortization of premium on available-for-sale securities 314 152
Non-cash operating lease expense 551 78
Changes in operating assets and liabilities:    
Accounts receivable, net (298) 0
Related party receivables 157 (2)
Other receivables (174) (249)
Prepaid expenses and other current assets (2,850) (2,589)
Inventory 300 (990)
Other assets 11 30
Accounts payable (479) (234)
Deferred revenue 18 6
Accrued expenses (2,038) (990)
Operating lease liabilities 46 (93)
Other noncurrent liabilities 0 (83)
Net cash used in operating activities (19,151) (14,872)
INVESTING ACTIVITIES    
Purchases of property and equipment (1,080) (838)
Purchase of available-for-sale securities 0 (30,279)
Proceeds from maturities of available-for-sale securities 12,000 43,000
Net cash provided by investing activities 10,920 11,883
FINANCING ACTIVITIES    
Proceeds from issuance of common stock upon follow-on public offering, net of issuance costs 0 103,595
Proceeds from return of profit 0 11,403
Repurchase of Class A common stock (21) (2)
Proceeds from exercise of Class A common stock options including early exercised options 773 171
Net cash provided by financing activities 752 115,167
Net increase (decrease) in cash, cash equivalents and restricted cash (7,479) 112,178
Cash, cash equivalents and restricted cash, beginning of period 233,337 333,928
Cash, cash equivalents and restricted cash, end of period 225,858 446,106
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Lease liability obtained in exchange for right-of-use assets 6,855 7,823
Accounts Payable    
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Property and equipment purchases included in accounts payable and in accrued expenses 204 9
Offering costs in accounts payable and in accrued expenses 0 158
Accrued Liabilities    
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Property and equipment purchases included in accounts payable and in accrued expenses 183 49
Offering costs in accounts payable and in accrued expenses $ 0 $ 478