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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net loss $ (146,962) $ (154,808) $ (100,217)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 43,118 35,480 24,972
Depreciation and amortization 3,565 2,977 2,397
Premiums and discounts on available for sale marketable securities (5,229) 889 5,807
Loss on disposal of property and equipment 0 0 18
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (1,961) (992) (4,016)
Accounts receivable due from related party (15,000) 0 577
Contract asset-due from related party (1,226) (2,401) 721
Accounts payable 2,038 253 54
Accrued expenses and other current liabilities 3,180 4,519 12,599
Deferred revenue (8,609) (37,774) (69,356)
Operating lease right-of-use assets 4,797 517 419
Operating lease liabilities 18,582 (1,004) (1,015)
Other non-current assets 909 (998) (1,992)
Other non-current liabilities (28) 257 86
Net cash (used in) provided by operating activities (102,826) (153,085) (128,946)
Investing activities      
Purchase of property and equipment, net (34,480) (2,836) (1,597)
Purchase of marketable securities (189,151) (445,972) (456,404)
Maturities of marketable securities 363,517 469,327 358,166
Net cash provided by (used in) investing activities 139,886 20,519 (99,835)
Financing activities      
Proceeds from issuance of common stock and accompanying pre-funded warrants from private placement, net of issuance costs 0 149,825 0
Proceeds from stock option exercises 2,860 3,154 7,632
Proceeds from employee stock purchase plan 1,408 1,150 788
Payments of offering costs in connection with initial public offering 0 0 (397)
Payments on financing leases (76) (1,130) (849)
Proceeds from follow-on public offering, net of underwriting discounts and offering costs 0 0 240,760
Proceeds from concurrent private placement 0 0 2,346
Net cash provided by financing activities 4,192 152,999 250,280
Net increase (decrease) in cash, cash equivalents and restricted cash 41,252 20,433 21,499
Cash, cash equivalents and restricted cash at beginning of period 74,525 54,092 32,593
Cash, cash equivalents and restricted cash at end of period 115,777 74,525 54,092
Supplemental disclosure of cash flow activities      
Cash paid for interest 162 179 158
Supplemental disclosure of noncash investing and financing activities      
Purchases of property and equipment through finance and lease liabilities 0 1,506 1,918
Property and equipment purchases included in accounts payable and accrued expenses 4,016 87 42
Supplemental disclosure of noncash operating activities      
Reduction of right-of-use asset and liability due to lease modification 48,833 0 0
Cash and cash equivalents 109,966 68,395 47,976
Restricted cash 5,811 6,130 6,116
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Total $ 115,777 $ 74,525 $ 54,092