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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net loss $ (115,867) $ (29,864)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,869 4,248
Non-cash research and development arrangements 390 390
Stock-based compensation 38,549 22,561
Change in fair value of warrant liabilities 26,787 (28,358)
Amortization of premiums and accretion of discounts on available-for-sale securities (7,287) (383)
Other, net 1,036 345
Changes in operating assets and liabilities:    
Accounts receivable 946 (1,135)
Prepaid expenses and other current assets (7,545) (1,842)
Accounts payable 975 2,992
Accrued expenses 8,066 1,996
Unearned revenue (4,944) (555)
Other assets and liabilities (156) (180)
Net cash used in operating activities (52,181) (29,785)
Cash flows from investing activities:    
Purchases of property and equipment (6,544) (8,381)
Capitalized software development costs (3,134) (1,491)
Intangible asset acquisition costs (1,057) (598)
Purchases of available-for-sale securities (230,350) (488,887)
Maturities and sales of available-for-sale securities 285,665 185,150
Net cash provided by (used in) investing activities 44,580 (314,207)
Cash flows from financing activities:    
Proceeds from stock options exercised 775 953
Other financing, net 9 1,212
Net cash provided by financing activities 784 2,165
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 3 0
Net change in cash, cash equivalents and restricted cash (6,814) (341,827)
Cash, cash equivalents and restricted cash at the beginning of the period 46,367 399,025
Cash, cash equivalents and restricted cash at the end of the period 39,553 57,198
Supplemental disclosures of non-cash investing and financing transactions:    
Property and equipment purchases in accounts payable and accrued expenses 4,202 186
Intangible asset purchases in accounts payable and accrued expenses 321 256
Operating lease right-of-use assets subject to lease liability 2,380 0
Noncash reclassification of warrant liabilities to equity upon exercise 7 8
Bonus settled in restricted stock units $ 2,641 $ 473