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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (157,771) $ (48,511)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,375 5,604
Non-cash research and development arrangements 520 520
Stock-based compensation 69,743 31,456
(Gain) loss on change in fair value of warrant liabilities 19,206 (30,136)
Amortization of premiums and accretion of discounts on available-for-sale securities (9,746) (1,577)
Other, net 1,474 441
Changes in operating assets and liabilities:    
Accounts receivable (8,175) (1,510)
Prepaid expenses and other current assets (14,413) (7,012)
Accounts payable 2,188 1,060
Accrued expenses 3,319 1,344
Unearned revenue 2,604 3,892
Other assets and liabilities 1,865 (269)
Net cash provided by (used in) operating activities (78,811) (44,698)
Cash flows from investing activities:    
Purchases of property and equipment (13,703) (9,336)
Capitalized software development costs (4,558) (2,179)
Intangible asset acquisition costs (1,288) (1,049)
Purchases of available-for-sale securities (298,445) (605,689)
Maturities and sales of available-for-sale securities 386,760 310,045
Business acquired 0 (848)
Net cash provided by (used in) investing activities 68,766 (309,056)
Cash flows from financing activities:    
Proceeds from stock options exercised 1,954 1,059
Other financing, net (193) 37
Net cash provided by (used in) financing activities 1,761 1,096
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (2) 0
Net change in cash, cash equivalents and restricted cash (8,286) (352,658)
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 38,081 46,367
Supplemental disclosures of non-cash investing and financing transactions    
Property and equipment purchases in accounts payable and accrued expenses 773 485
Intangible asset purchases in accounts payable and accrued expenses 254 164
Operating lease right-of-use assets subject to lease liability 2,380 0
Remeasurement of operating lease right-of-use assets due to lease modification (849) 0
Noncash reclassification of warrant liabilities to equity upon exercise 20 8
Bonus settled in restricted stock units 3,923 473
Net share settled stock option exercises $ 291 $ 0