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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss   $ (62,481) $ (96,631)  
Adjustments to reconcile net loss to cash flows from operating activities:        
Depreciation $ 900 1,745 1,175  
Share-based compensation expense   3,389 5,894  
Amortization of discount on marketable securities   (2,369)    
Changes in assets and liabilities:        
Receivable from Former Parent   4,543    
Prepaid expenses   (6,572) 688  
Other current assets   159 (985)  
Right-of-use assets   2,621 4,364  
Other assets   (61)    
Accounts payable and accrued expenses   (3,742) (12,581)  
Operating lease liabilities   (3,929) (2,927)  
Other long-term liabilities     (50)  
Cash flows used in operating activities   (66,697) (101,053)  
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of marketable securities   (143,802)    
Sales and maturities of marketable securities   63,000    
Additions of property and equipment   (55) (1,108)  
Cash flows used in investing activities   (80,857) (1,108)  
CASH FLOWS FROM FINANCING ACTIVITIES:        
Net transfers from Former parent     102,161  
Cash flows provided by financing activities     102,161  
Net decrease in cash, cash equivalents and restricted cash   (147,554)    
Cash, cash equivalents and restricted cash-beginning of period   271,110    
Cash, cash equivalents and restricted cash-end of period 123,556 123,556    
Non-cash investing and financing activities:        
Purchased capital expenditures included in accounts payable and accrued expenses     $ 422  
Reconciliation Of Balance Sheet To Statement Of Cash Flows Abstract        
Cash and cash equivalents 121,587 121,587   $ 270,852
Restricted cash 1,969 1,969   300
Total cash, cash equivalents and restricted cash as shown in the statement of cash flows $ 123,556 $ 123,556   $ 271,110