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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net loss $ (46,461) $ (33,045)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 16,440 12,470
Depreciation and amortization 1,776 1,042
Net amortization of premium on available-for-sale securities 439 412
Non-cash operating lease expense 1,004 423
Changes in operating assets and liabilities:    
Accounts receivable, net (846) (896)
Related party receivables 440 (340)
Other receivables (632) (177)
Prepaid expenses and other current assets (2,176) (2,601)
Inventory (3,002) (2,119)
Other assets (295) (16)
Accounts payable 530 (644)
Deferred revenue 53 195
Accrued expenses (466) 335
Operating lease liabilities (153) (187)
Other current liabilities 197  
Other noncurrent liabilities 1 (74)
Net cash used in operating activities (33,151) (25,222)
INVESTING ACTIVITIES    
Purchases of property and equipment (2,606) (2,943)
Purchase of available-for-sale securities (143,651) (129,320)
Proceeds from maturities of available-for-sale securities 24,000 80,000
Net cash used in investing activities (122,257) (52,263)
FINANCING ACTIVITIES    
Proceeds from issuance of common stock upon follow-on public offering, net of issuance costs 0 102,959
Proceeds from return of profit 0 11,403
Repurchase of Class A common stock (20) (13)
Proceeds from exercise of Class A common stock options including early exercised options 1,218 407
Proceeds from issuance of common stock in connection with employee stock purchase plan 420 0
Net cash provided by financing activities 1,618 114,756
Net increase (decrease) in cash, cash equivalents and restricted cash (153,790) 37,271
Cash, cash equivalents and restricted cash, beginning of period 233,337 333,928
Cash, cash equivalents and restricted cash, end of period 79,547 371,199
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Lease liability obtained in exchange for right-of-use assets 6,855 23,232
Accounts Payable    
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Property and equipment purchases included in accounts payable and in accrued expenses 8 246
Accrued Liabilities    
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Property and equipment purchases included in accounts payable and in accrued expenses $ 1,570 $ 361