v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net loss $ (74,771) $ (88,105)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 11,764 14,335
Depreciation and amortization expense 1,214 1,591
Accretion of liability related to sale of future revenues 1,204 0
Amortization (accretion) of investment premiums (discounts) (351) 498
Non-cash operating lease expense 2,879 627
Other non-cash items, net 80 7
Changes in operating assets and liabilities:    
Accounts receivable 39,824 318
Inventories (3,754) 0
Prepaid expenses and other current assets (2,584) 609
Other assets (156) 51
Accounts payable (1,886) (4,588)
Accrued compensation (8,746) (8,769)
Accrued research and development expenses (1,226) 539
Other current liabilities (609) (570)
Deferred revenue 2,965 (525)
Operating lease liabilities (4,174) (645)
Other long-term liabilities (102) 98
Net cash used in operating activities (38,429) (84,529)
Investing activities    
Purchases of short-term investments (67,903) (26,427)
Proceeds from maturities and sales of short-term investments 62,295 89,247
Purchases of property and equipment (399) (2,605)
Net cash (used in) provided by investing activities (6,007) 60,215
Financing activities    
Proceeds from issuance of common stock through ATM facilities, net 640 20,539
Proceeds from employee stock awards 0 96
Taxes paid related to net share settlement of restricted stock units (93) (616)
Principal payments on finance lease obligations (312) (64)
Other financing activities, net 0 (104)
Net cash provided by financing activities 235 19,851
Decrease in cash, cash equivalents and restricted cash (44,201) (4,463)
Cash, cash equivalents and restricted cash at beginning of period 93,088 107,478
Cash, cash equivalents and restricted cash at end of period 48,887 103,015
Non-cash investing and financing activities    
Property and equipment purchases included in accounts payable and other accrued liabilities 194 1,188
Accrued costs related to ATM facilities 73 23
Supplemental cash flow disclosure    
Cash paid for interest 112 5
Cash paid for income taxes $ 1 $ 14

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