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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net loss $ (110,559) $ (182,024)
Adjustments to reconcile net loss to net cash used for operating activities:    
Stock-based compensation expense 32,854 42,980
Depreciation and amortization 2,899 2,889
Amortization of debt discount 133  
Amortization of debt issuance costs 206 202
Accretion of discount on short-term investments (1,739) (736)
Impairment of property and equipment 617 209
Loss on disposal of property and equipment 10 74
Change in operating assets and liabilities:    
Accounts receivable (8,088) (16,550)
Inventory 12,463 (6,191)
Prepaid expenses and other assets 15,426 1,010
Accounts payable 15 (578)
Accrued clinical and manufacturing liabilities (2,177) 752
Accrued payroll and employee liabilities (4,192) (1,847)
Other accrued liabilities 3,343 12,898
Net cash used in operating activities (58,789) (146,912)
Investing activities:    
Purchases of short-term investments (87,658) (145,683)
Maturities and sales of short-term investments 107,185 143,957
Purchases of property and equipment (1,545) (1,825)
Proceeds from the sale of property and equipment 13 227
Net cash provided by (used in) investing activities 17,995 (3,324)
Financing activities:    
Net proceeds from sale of common stock 29,755 75,145
Net proceeds from notes financing 24,350  
Proceeds from purchases under the Employee Stock Purchase Plan 904 1,444
Payments for stock issued under the equity incentive plan (903) (1,530)
Proceeds from warrant exercises 1  
Net cash provided by financing activities 54,107 75,059
Net increase (decrease) in cash and cash equivalents 13,313 (75,177)
Cash and cash equivalents at beginning of year 15,364 90,541
Cash and cash equivalents at end of year 28,677 15,364
Supplemental disclosure of cash flow information:    
Interest paid $ 3,059 $ 2,250