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Condensed 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 $ (61,803) $ (46,608)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 2,370 2,795
Accretion of marketable securities (846)  
Non-cash interest expense related to note payable 401 432
Stock-based compensation 4,312 2,367
Changes in current assets and liabilities:    
Accounts receivable   (31,926)
Prepaid expenses and other assets 240 1,728
Right-of-use assets and lease liabilities, net 605 240
Accounts payable (14) 862
Accrued expense and other liabilities 343 1,520
Deferred revenue (1,100) 22,981
Net cash used in operating activities (55,492) (45,609)
Cash flows from investing activities:    
Purchases of property and equipment (1,567) (1,258)
Purchases of marketable securities (57,133)  
Maturities of marketable securities 61,147  
Net cash provided by (used in) investing activities 2,447 (1,258)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 33,131 42,600
Proceeds from issuance of pre-funded warrants, net of offering costs 128,272 92,394
Proceeds from exercise of stock options 442 682
Net cash provided by financing activities 161,845 135,676
Net increase (decrease) in cash, cash equivalents and restricted cash 108,800 88,809
Cash, cash equivalents, and restricted cash - beginning of period 138,390 125,064
Cash, cash equivalents, and restricted cash - end of period 247,190 213,873
Summary of cash, cash equivalents and restricted cash reported within the consolidated balance sheets:    
Cash and cash equivalents 242,159 208,842
Restricted cash 5,031 5,031
Total cash, cash equivalents, and restricted cash 247,190 213,873
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,510 1,502
Supplemental disclosure of non-cash investing and financing activities:    
Purchase of property and equipment in accounts payable and accrued liabilities $ 977 87
Issuance costs included in accounts payable and accrued liabilities   $ 262