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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (48,411) $ (44,989)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 560 647
Stock-based compensation 6,484 6,530
Change in fair value of warrant liability 171 142
Non-cash change in fair value of term loan 441 (268)
Non-cash lease expense 647 619
Other 236 1
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (570) 129
Accounts payable 3,921 2,365
Accrued expenses and other liabilities (1,393) (1,955)
Deferred revenue (4,288) (4,523)
Net cash used in operating activities (42,202) (41,302)
Cash flows from investing activities    
Purchase of property, plant and equipment (380) (341)
Other 71  
Net cash used in investing activities (309) (341)
Cash flows from financing activities    
Proceeds from issuance of common stock and pre-funded warrants from underwritten public offering, net of underwriting discounts and sales commissions and other offering costs 216,170 70,481
Debt issuance costs for term loan   (18)
Payment of shelf registration costs (47)  
Proceeds from common stock issuances under ESPP 75 26
Other 38 (43)
Net cash provided by financing activities 216,236 70,446
Net increase in cash, cash equivalents and restricted cash 173,725 28,803
Cash, cash equivalents and restricted cash at the beginning of the period 141,636 146,540
Cash, cash equivalents and restricted cash at the end of the period 315,361 175,343
Cash and cash equivalents 312,761 172,743
Restricted cash 2,600 2,600
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,586 2,655
Supplemental disclosure of noncash investing and financing activities:    
Offering costs not yet paid $ 411 $ 445