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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net loss $ (113,837) $ (86,075)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation expense 16,856 14,461
Depreciation and amortization expense 2,637 1,756
Accretion of discount and amortization of premium on investments, net (818) 3,237
Non-cash lease expense 3,935 367
Realized loss on investments 490  
Others   (30)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,489) (4,435)
Operating lease liabilities 32,469  
Accounts payable and accrued and other liabilities 2,757 2,792
Net cash used in operating activities (57,000) (67,927)
Cash flows from investing activities:    
Purchases of available-for-sale securities (385,887) (227,282)
Proceeds from maturities of available-for-sale securities 248,309 264,841
Purchase of property and equipment (47,111) (5,025)
Net cash provided by (used in) investing activities (184,689) 32,534
Cash flows from financing activities:    
Proceeds from secondary offering, net of issuance costs 215,611  
Proceeds from ATM offering, net of issuance costs 1,559  
Proceeds from ESPP purchases 445  
Proceeds from stock option exercises 1,397 1,479
Payments of deferred offering costs   (277)
Net cash provided by financing activities 219,012 1,202
Net decrease in cash and cash equivalents (22,677) (34,191)
Cash, cash equivalents and restricted cash at beginning of year 62,914 97,105
Cash, cash equivalents and restricted cash at end of year 40,237 62,914
Reconciliation of cash, cash equivalents and restricted cash to the balance sheets:    
Cash and cash equivalents 37,494 60,816
Restricted cash 2,743 2,098
Total cash, cash equivalents and restricted cash 40,237 62,914
Supplemental disclosures of non-cash investing and financing activities:    
Acquisitions of property and equipment in accounts payable $ 4,579 $ 238