XML 288 R6.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (25,794) $ (16,743)
Adjustments to reconcile net income to net cash used in operating activities:    
Foreign exchange loss/(gain) 219 (932)
Other non-cash items 82 73
Accretion of redemption premium on debt 90 18
Share-based compensation 4,258 4,290
Depreciation 263 157
Changes in operating assets and liabilities:    
Prepaid expenses (5) 938
Tax incentive receivable (585) (2,313)
Other current assets 942 1,362
Accounts payable 1,255 4,327
Accrued expenses 4,762 3,951
Operating lease liabilities (152) (165)
Income taxes 754 141
Other current liabilities 301 (886)
Net cash used in operating activities (13,610) (5,782)
Cash flows from investing activities:    
Purchases of furniture and equipment 16 0
Net cash used in investing activities (16) 0
Cash flows from financing activities:    
Proceeds from issuance of stock 0 56,862
Proceeds from Oxford Term Loan 0 9,996
Payments of withholding taxes from share-based awards (3,575) 0
Proceeds from exercise of share options 816 1,827
Net cash (used in)/provided by financing activities (3,123) 68,685
Effect of exchange rate changes on cash and cash equivalents (141) 685
Net change in cash and cash equivalents (16,890) 63,588
Cash and cash equivalents at beginning of the period 271,772 227,827
Cash and cash equivalents at end of the period 254,882 291,415
Supplemental Cash Flow Information [Abstract]    
Interest paid 933 244
Payment of debt issuance costs $ (364) $ 0