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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (36,684) $ (13,075)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 7,873 3,172
Depreciation and amortization 687 485
Premiums and discounts on available-for-sale marketable securities 1,175 1,279
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (586) (816)
Receivables—due from related parties (279)
Contract asset—due from related parties (1,128) (22)
Accounts payable (1,437) 4,150
Accrued expenses and other current liabilities (2,278) 235
Deferred revenue (8,359) (17,822)
Operating lease right-of-use assets 119 95
Operating lease liabilities (227) (368)
Other assets and liabilities 550 143
Net cash (used in) provided by operating activities (40,295) (22,823)
Investing activities    
Purchase of property and equipment, net (482) (164)
Purchases of investments (80,118) (16,013)
Maturities of investments 106,463 60,500
Net cash used in investing activities 25,863 44,323
Financing activities    
Proceeds from stock option exercises 449 1,147
Payments of offering costs in connection with initial public offering (397)
Payments on finance leases (264) (155)
Net cash provided by financing activities 185 595
Net increase (decrease) in cash, cash equivalents and restricted cash (14,247) 22,095
Cash, cash equivalents and restricted cash at beginning of period 54,092 32,593
Cash, cash equivalents and restricted cash at end of period 39,845 54,688
Supplemental disclosure of cash flow activities    
Cash paid for interest 46 24
Supplemental disclosure of noncash investing and financing activities    
Property and equipment purchases included in accounts payable and accrued expenses 126 259
Supplemental disclosure of noncash operating activities    
Cash and cash equivalents 33,733 53,098
Restricted cash 6,112 1,590
Total cash, cash equivalents, and restricted cash $ 39,845 $ 54,688