XML 11 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net loss $ (12,395) $ (74,827)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 7,945 21,847
Depreciation and amortization 1,330 1,457
Amortization of debt discount 180 103
Amortization of debt issuance costs 104  
Accretion of discount on short-term investments (1,211) (835)
Impairment of property and equipment 3,441 309
Loss on disposal of property and equipment   23
Change in operating assets and liabilities:    
Accounts receivable (13,571) (24,644)
Inventory (754) 9,950
Prepaid expenses and other assets 67 10,369
Accounts payable 6,986 (1,268)
Accrued clinical and manufacturing liabilities (4,605) (4,587)
Accrued payroll and employee liabilities (2,139) (3,560)
Other accrued and other non-current liabilities 502 13,598
Net cash used in operating activities (14,120) (52,065)
Investing activities:    
Purchases of short-term investments (65,100) (28,381)
Maturities and sales of short-term investments 69,063 78,935
Purchases of property and equipment (637) (502)
Net cash provided by investing activities 3,326 50,052
Financing activities:    
Receipts (Payments) for stock issued under the equity incentive plan 328 (593)
Proceeds from purchases under the employee stock purchase plan 175 704
Net cash provided by financing activities 503 111
Net decrease increase in cash and cash equivalents (10,291) (1,902)
Cash and cash equivalents at beginning of year 28,677 15,364
Cash and cash equivalents at end of period 18,386 13,462
Supplemental disclosure of cash flow information:    
Interest paid $ 2,426 $ 1,125