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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net loss $ (58,235) $ (51,972)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 897 718
Noncash operating lease expense 1,069 907
Stock-based compensation 7,833 1,764
Other, net 254 (17)
Changes in operating assets and liabilities:    
Accounts receivable   (2,000)
Prepaid expenses and other current assets (3,159) (81)
Other long-term assets (139) (38)
Accounts payable 1,232 1,171
Accrued expenses and other liabilities 3,829 1,196
Operating lease liabilities (1,066) (655)
Deferred revenue (12,042) 119,081
Net cash (used in) provided by operating activities (59,527) 70,074
Cash flows from investing activities    
Purchase of property and equipment (1,837) (1,106)
Sales and maturities of marketable securities 190,764 63,220
Purchases of marketable securities (372,361) (207,540)
Other   (40)
Net cash used in investing activities (183,434) (145,466)
Cash flows from financing activities    
Proceeds from issuance of preferred stock, net of issuance costs 29,990 80,844
Proceeds from issuance of common stock upon exercise of stock options 1,058 40
Business Combination and PIPE Financing, gross proceeds 342,113  
Payment of Business Combination and PIPE Financing transaction costs (15,836)  
Net cash provided by financing activities 357,325 80,884
Net change in cash, cash equivalents and restricted cash 114,364 5,492
Cash, cash equivalents and restricted cash, beginning of period 30,660 25,168
Cash, cash equivalents and restricted cash, end of period 145,024 30,660
Supplemental cash flow information:    
Cash paid for leases 1,835 1,782
Supplemental disclosure of noncash investing and financing activity:    
Conversion of Preferred Shares to Common Shares 166,534  
Revaluation of right-of-use asset and lease liability upon lease modification 5,315  
Purchases of property and equipment included in accounts payable and accrued expenses $ 154 $ 29