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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities    
Net loss $ (74,123) $ (87,021)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 10,155 10,515
Stock-based compensation 14,384 8,237
Goodwill impairment 0 21,335
Accretion of discount on short-term investments (2,961) (2,275)
Other 1,320 (479)
Changes in operating assets and liabilities:    
Receivables under development arrangements 739 723
Prepaid expenses and other current assets (992) 1,460
Operating lease right-of-use assets and liabilities (635) (635)
Other long-term assets (72) (255)
Accounts payable 161 (380)
Accrued expenses and other liabilities (1,055) (839)
Deferred revenue (2,359) (100)
Net cash used in operating activities (55,438) (49,714)
Cash Flows From Investing Activities    
Purchases of property and equipment (381) (843)
Investment in short-term investments (159,483) (122,196)
Proceeds from maturities of short-term investments 99,000 185,897
Proceeds from sales of property and equipment 244 128
Net cash (used in) provided by investing activities (60,620) 62,986
Cash Flows From Financing Activities    
Principal payments on long-term debt (2,489) (2,168)
Principal payments on finance lease obligations (578) (1,805)
Proceeds from issuance of common stock, net of issuance costs 84,607 725
Net cash provided by (used in) financing activities 81,540 (3,248)
Net (decrease) increase in cash, cash equivalents, and restricted cash (34,518) 10,024
Cash, cash equivalents and restricted cash - Beginning of year 89,667 76,842
Cash, cash equivalents, and restricted cash - End of period 55,149 86,866
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Right-of-use assets obtained in exchange for operating lease obligation 433 0
Property and equipment purchases included in accounts payable $ 8 $ 0