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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net loss $ (40,928) $ (36,684)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 9,385 7,873
Depreciation and amortization 879 687
Premiums and discounts on available-for-sale marketable securities (1,326) 1,175
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,641) (586)
Contract asset—due from related parties (783) 1,128
Accounts payable 2,217 (1,437)
Accrued expenses and other current liabilities (10,037) (2,278)
Deferred revenue (6,145) (8,359)
Operating lease right-of-use assets 1,138 119
Operating lease liabilities 2,915 (227)
Other assets and liabilities 358 550
Net cash (used in) provided by operating activities (43,968) (40,295)
Investing activities    
Purchase of property and equipment, net (4,009) (482)
Purchases of investments (61,835) (80,118)
Maturities of investments 90,428 106,463
Net cash used in investing activities 24,584 25,863
Financing activities    
Proceeds from stock option exercises 1,486 449
Payments on finance leases (327) (264)
Net cash provided by financing activities 1,159 185
Net (decrease) increase in cash, cash equivalents and restricted cash (18,225) (14,247)
Cash, cash equivalents and restricted cash at beginning of period 74,524 54,092
Cash, cash equivalents and restricted cash at end of period 56,299 39,845
Supplemental disclosure of cash flow activities    
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 48,833 0
Cash paid for interest 52 46
Supplemental disclosure of noncash investing and financing activities    
Property and equipment purchases included in accounts payable and accrued expenses 1,100 126
Cash and cash equivalents 50,152 33,733
Restricted cash 6,147 6,112
Total cash, cash equivalents, and restricted cash $ 56,299 $ 39,845