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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net loss $ (117,255) $ (81,828) $ (41,567)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation expense 1,515 691 249
Non-cash operating lease expense 2,686 571 704
Stock-based compensation expense 14,131 10,336 6,234
Net amortization of premiums and accretion of discounts on investments 1 144 516
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 2,478 (1,725) (2,517)
Other assets (2,358) (1,915) (1,218)
Accounts payable 2,562 2,960 640
Accrued expenses and other current liabilities 1,886 8,914 2,110
Operating lease liabilities (2,238) (565) (589)
Net cash used in operating activities (96,592) (62,417) (35,438)
Cash flows from investing activities      
Purchase of property and equipment (3,370) (1,030) (3,171)
Purchase of investments     (38,492)
Maturities of investments 1,150 28,371 8,308
Net cash (used in) provided by investing activities (2,220) 27,341 (33,355)
Cash flows from financing activities      
Proceeds from issuance of common stock, net of issuance costs 161,803    
Proceeds from issuance of common stock from initial public offering, net of issuance costs     152,753
Proceeds from exercise of stock options and purchases under the employee stock purchase plan 1,995 1,239 468
Payment from Paycheck Protection Program loan     (36)
Net cash provided by financing activities 163,798 1,239 153,185
Net increase (net decrease) in cash, cash equivalents, and restricted cash 64,986 (33,837) 84,392
Cash, cash equivalents, and restricted cash at the beginning of the period 112,250 146,087 61,695
Cash, cash equivalents, and restricted cash at the end of the period 177,236 112,250 146,087
Non-cash financing and investing activities:      
Acquisition of operating lease right-of-use assets 5,971   3,216
Acquisition of property and equipment included in accounts payable and accrued expenses and other current liabilities   2,537  
Remeasurement of operating lease right-of-use assets and lease liability 5,668    
Reconciliation of cash, cash equivalents, and restricted cash:      
Cash and cash equivalents 176,866 111,899 145,736
Restricted cash 370 351 351
Cash, cash equivalents, and restricted cash at the end of the period $ 177,236 $ 112,250 $ 146,087