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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Cash flows from operating activities    
Net loss $ (16,109) $ (10,814)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 132 128
Stock-based compensation expense 2,795 1,188
Realized loss (gain) from sale of marketable securities 23 (70)
Non-cash operating lease expense 22 8
Amortization of premium on marketable securities 753 68
Foreign currency exchange loss (gain) 14 (432)
Changes in operating assets and liabilities:    
Research and development tax credit receivable (3,211) 4,462
Prepaid expenses and other current assets (625) 1,301
Accounts payable (528) 35
Accrued expenses (1,001) 538
Net cash used in operating activities (17,735) (3,588)
Cash flows from investing activities    
Purchases of marketable securities (19,036) (9,807)
Sales and maturities of marketable securities 34,204 15,342
Acquisition of property and equipment (287) (22)
Net cash provided by investing activities 14,881 5,513
Cash flows from financing activities    
Issuance of common stock from equity incentive plans 608 46
Net cash provided by financing activities 608 46
Effect of exchange rate changes on cash and cash equivalents (3) 254
Net (decrease) increase in cash and cash equivalents (2,249) 2,225
Cash and cash equivalents at beginning of period 50,592 15,789
Cash and cash equivalents at end of period $ 48,343 $ 18,014