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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net loss $ (71,056) $ (5,881)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,120 2,717
Non-cash research and development arrangements 260 260
Stock-based compensation 21,572 12,556
Change in fair value of warrant liabilities 19,147 (29,509)
Amortization of premiums and accretion of discounts on available-for-sale securities (4,593) 108
Other, net 736 (1,726)
Changes in operating assets and liabilities:    
Accounts receivable 2,074 (801)
Prepaid expenses and other current assets (2,928) 3,576
Accounts payable 479 1,156
Accrued expenses 2,267 484
Unearned revenue (2,005) 264
Other assets and liabilities 26 (133)
Net cash used in operating activities (29,901) (16,929)
Cash flows from investing activities:    
Purchases of property and equipment (2,411) (7,022)
Capitalized software development costs (1,950) (982)
Intangible asset acquisition costs (628) (370)
Purchases of available-for-sale securities (185,377) (403,899)
Maturities and sales of available-for-sale securities 189,446 73,090
Net cash used in investing activities (920) (339,183)
Cash flows from financing activities:    
Proceeds from stock options exercised 541 567
Other financing, net (1) 488
Net cash provided by financing activities 540 1,055
Net change in cash, cash equivalents and restricted cash (30,281) (355,057)
Cash, cash equivalents and restricted cash at the beginning of the period 46,367 399,025
Cash, cash equivalents and restricted cash at the end of the period 16,086 43,968
Supplemental disclosures of non-cash investing and financing transactions:    
Property and equipment purchases in accounts payable and accrued expenses 1,527 1,284
Intangible asset purchases in accounts payable and accrued expenses 243 73
Operating lease right-of-use assets subject to lease liability 2,239 0
Noncash reclassification of warrant liabilities to equity upon exercise 0 8
Bonus settled in restricted stock units $ 2,500 $ 473