Investments |
Investments Cash, cash equivalents and investments as of September 30, 2022 included the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | GROSS | | GROSS | | | | | AMORTIZED | | UNREALIZED | | UNREALIZED | | FAIR | (in thousands) | | COST | | GAINS | | LOSSES | | VALUE | Cash and cash equivalents: | | | | | | | | | Cash and cash equivalents | | $ | 54,093 | | | $ | — | | | $ | — | | | $ | 54,093 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total cash and cash equivalents | | $ | 54,093 | | | $ | — | | | $ | — | | | $ | 54,093 | | Investments: | | | | | | | | | Certificates of deposit (due within 1 year) | | $ | 1,500 | | | $ | — | | | $ | (1) | | | $ | 1,499 | | | | | | | | | | | Commercial paper (due within 1 year) | | 49,174 | | | — | | | (251) | | | 48,923 | | Corporate bonds (due within 1 year) | | 21,240 | | | — | | | (241) | | | 20,999 | | | | | | | | | | | U.S. Government and government agencies (due within 1 year) | | 47,260 | | | — | | | (310) | | | 46,950 | | Total investments | | $ | 119,174 | | | $ | — | | | $ | (803) | | | $ | 118,371 | | Total cash, cash equivalents, and investments | | $ | 173,267 | | | $ | — | | | $ | (803) | | | $ | 172,464 | |
Cash, cash equivalents and investments as of December 31, 2021 included the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | GROSS | | GROSS | | | | | AMORTIZED | | UNREALIZED | | UNREALIZED | | FAIR | (in thousands) | | COST | | GAINS | | LOSSES | | VALUE | Cash and cash equivalents: | | | | | | | | | Cash and cash equivalents | | $ | 37,187 | | | $ | — | | | $ | — | | | $ | 37,187 | | Total cash and cash equivalents | | $ | 37,187 | | | $ | — | | | $ | — | | | $ | 37,187 | | Investments: | | | | | | | | | Certificates of deposit (due within 1 year) | | $ | 9,047 | | | $ | — | | | $ | (9) | | | $ | 9,038 | | | | | | | | | | | Commercial paper (due within 1 year) | | 50,975 | | | — | | | (55) | | | 50,920 | | Corporate bonds (due within 1 year) | | 42,718 | | | — | | | (62) | | | 42,656 | | | | | | | | | | | | | | | | | | | | Total investments | | $ | 102,740 | | | $ | — | | | $ | (126) | | | $ | 102,614 | | Total cash, cash equivalents, and investments | | $ | 139,927 | | | $ | — | | | $ | (126) | | | $ | 139,801 | |
Interest income earned on the Company’s cash, cash equivalents, and investments was $0.5 million and $0.9 million during the three and nine months ended September 30, 2022, respectively, and was immaterial for each of the three and nine months ended September 30, 2021. Realized gains or losses were immaterial during the three and nine months ended September 30, 2022 and 2021. As of September 30, 2022 and December 31, 2021, the Company did not hold any equity securities.
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