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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net loss $ (68,184) $ (50,647)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation expense 1,893 1,039
Non-cash lease expense 4,008 2,260
Stock-based compensation 6,816 3,112
Other 163 38
Changes in operating assets and liabilities:    
Operating lease liability (10,594) (1,840)
Prepaid expenses and other current assets 316 (5,537)
Accounts payable and accrued liabilities (542) 333
Other assets (674) (315)
Net cash used in operating activities (66,798) (51,557)
Cash flow from investing activities    
Purchases of marketable securities (5,044) (82,972)
Proceed from maturities of marketable securities 16,130  
Purchases of property and equipment (8,141) (2,726)
Net cash used in investing activities 2,945 (85,698)
Cash flow from financing activities    
Proceeds from issuance of redeemable convertible preferred stock   45,375
Proceeds from the issuance of common stock upon closing of initial public offering, net of underwriter fees   189,199
Payment of initial public offering costs   (2,215)
Proceeds from the issuance of common stock from open market sales agreeement 4,345  
Proceeds from stock option exercises 534 245
Net cash provided by financing activities 4,879 232,604
Net (decrease) increase in cash, cash equivalents and restricted cash equivalents (58,974) 95,349
Cash, cash equivalents and restricted cash equivalents, beginning of period 122,214 50,098
Cash, cash equivalents and restricted cash equivalents, end of period 63,240 145,447
Supplemental disclosure of non-cash activities    
Lease incentive paid by the landlord on behalf of the Company 7,872  
Operating right-of-use assets and operating lease liability recorded upon lease commencement 23,376 35
Purchases of property and equipment in accounts payable and accrued liabilities $ 56 18
Conversion of redeemable convertible preferred stock to common stock upon closing of the initial public offering   $ 152,711