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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (77,153) $ (71,056)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 8,260 4,120
Non-cash research and development arrangements 260 260
Stock-based compensation 43,040 21,572
(Gain) loss on change in fair value of warrant liabilities (15,266) 19,147
Amortization of premiums and accretion of discounts on available-for-sale securities (4,787) (4,593)
Other, net 1,896 736
Changes in operating assets and liabilities:    
Accounts receivable 3,558 2,074
Prepaid expenses and other current assets (8,341) (2,928)
Accounts payable (165) 479
Accrued expenses (2,116) 2,267
Unearned revenue 1,262 (2,005)
Other assets and liabilities 2,508 26
Net cash provided by (used in) operating activities (47,044) (29,901)
Cash flows from investing activities:    
Purchases of property and equipment (10,629) (2,411)
Capitalized software development costs (2,129) (1,950)
Intangible asset acquisition costs (892) (628)
Purchases of available-for-sale securities (146,098) (185,377)
Maturities of available-for-sale securities 211,572 189,446
Net cash provided by (used in) investing activities 51,824 (920)
Cash flows from financing activities:    
Proceeds from stock options exercised 1,185 541
Other financing, net 141 (1)
Net cash provided by (used in) financing activities 1,326 540
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 4 0
Net change in cash, cash equivalents and restricted cash 6,110 (30,281)
Cash, cash equivalents and restricted cash at the beginning of the period 38,081 46,367
Cash, cash equivalents and restricted cash at the end of the period 44,191 16,086
Supplemental disclosures of non-cash investing and financing transactions    
Property and equipment purchases in accounts payable and accrued expenses 1,814 1,527
Intangible asset purchases in accounts payable and accrued expenses 234 243
Operating lease right-of-use assets subject to lease liability 5,962 2,239
Bonus settled in restricted stock units 11,443 2,500
Net share settled stock option exercises $ 1,016 $ 0