XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (53,772) $ (49,555)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 9,475 8,846
Depreciation and amortization 736 621
Net amortization of premiums and discounts on short-term investments (2,788) (4,091)
Noncash interest expense 383 257
Unrealized foreign currency transaction (gains) losses (406) (1,374)
Changes in operating assets and liabilities:    
Research and development incentives receivable (437) (393)
Prepaid expenses and other current assets 1,817 (1,577)
Operating lease, right-of-use-asset 164 148
Finance lease, right-of-use-asset 607 607
Accounts payable (1,615) (816)
Accrued expenses and other current liabilities (3,160) (1,215)
Operating lease liabilities (171) (153)
Other non-current liabilities 0 107
Net cash used in operating activities (49,167) (48,588)
Cash flows from investing activities:    
Purchases of property, plant and equipment and software capitalization (1,669) (449)
Purchase of short-term investments (105,475) (169,330)
Proceeds from sales and maturities of short-term investments 136,910 177,140
Net cash provided by investing activities 29,766 7,361
Cash flows from financing activities:    
Proceeds from issuance of common stock in connection with private placement, net of placement agent fees and offering costs 48,204 0
Proceeds from issuance of prefunded warrants to purchase common stock, net of placement agent fees and offering costs 48,500 0
Principal payment of finance lease obligation (134) (104)
Proceeds from exercise of stock options and pre-funded warrants 67 1,209
Net cash provided by financing activities 96,637 1,105
Effect of exchange rate changes on cash, cash equivalents and restricted cash (35) 13
Net increase (decrease) in cash, cash equivalents and restricted cash 77,201 (40,109)
Cash, cash equivalents and restricted cash at beginning of period 76,157 148,226
Cash, cash equivalents and restricted cash at end of period 153,358 108,117
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 1,052 653
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued expenses $ 87 $ 412