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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net loss $ (92,094) $ (68,899)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation expense 2,525 1,434
Non-cash lease expense 6,435 3,017
Stock-based compensation 10,695 4,315
Other (12) 174
Changes in operating assets and liabilities:    
Operating lease liability (13,311) (2,559)
Prepaid expenses and other current assets 225 (6,363)
Accounts payable and accrued liabilities 1,114 405
Other assets (721) (668)
Net cash used in operating activities (85,144) (69,144)
Cash flow from investing activities    
Purchases of marketable securities (123,189) (87,757)
Proceed from maturities of marketable securities 37,560  
Purchases of property and equipment (8,462) (3,894)
Net cash used in investing activities (94,091) (91,651)
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   189,198
Payment of initial public offering costs   (2,215)
Proceeds from the issuance of common stock from public offering and concurrent private placement, net of underwriter fees and issuance costs 111,524  
Proceeds from the issuance of common stock from at-the-market sales agreements, net of issuance costs 4,451  
Proceeds from stock option exercises and issuance of common stock under ESPP 1,165 553
Net cash provided by financing activities 117,140 232,911
Net (decrease) increase in cash, cash equivalents and restricted cash equivalents (62,095) 72,116
Cash, cash equivalents and restricted cash equivalents, beginning of period 122,214 50,098
Cash, cash equivalents and restricted cash equivalents, end of period 60,119 122,214
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 38 194
Financing costs associated with the sale of common stock included in accounts payable and accrued expenses $ 812  
Conversion of redeemable convertible preferred stock to common stock upon closing of the initial public offering   $ 152,711