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Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net loss $ (63,073) $ (71,571)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 7,247 8,717
Depreciation 3,152 2,533
Amortization of right-of-use lease assets 2,041 3,036
Gain on lease modification (1,590) 0
Accretion of discount on short-term investments (1,255) (46)
Long-lived asset impairment 182 1,900
Accretion of debt issuance costs 119 110
Lease incentives received 0 1,840
Changes in operating assets and liabilities:    
Accounts receivable 382 514
Inventory, net (1,622) (940)
Prepaid expenses and other current assets 575 312
Other noncurrent assets 83 1,040
Accounts payable (147) (1,314)
Accrued expenses (1,032) 370
Other current liabilities (340) 139
Lease liabilities (6,332) (1,422)
Other noncurrent liabilities 81 37
Net cash used in operating activities (61,529) (54,745)
Investing activities    
Purchases of short-term investments (37,853) (129,099)
Maturities of shot-term investments 135,553 122,846
Sales of short-term investments 169 19,987
Purchases of property and equipment (33) (578)
Net cash provided by investing activities 97,836 13,156
Financing activities    
Proceeds from issuance of common stock under employee stock purchase plan 80 624
Proceeds from issuance of common stock under equity incentive plans 0 13
Repurchases of common stock under equity incentive plans 0 (13)
Net cash provided by financing activities 80 624
Net increase in cash and cash equivalents and restricted cash 36,387 (40,965)
Cash and cash equivalents and restricted cash, beginning of year 16,833 75,977
Cash and cash equivalents and restricted cash, end of year 53,220 35,012
Supplemental disclosure for cash activities    
Interest paid 821 777
Supplemental disclosure for non-cash activities    
Increase (decrease) in lease liability on lease modifications (14,729) 19,475
Inventory transferred to property and equipment 1,643 6,498
Purchase of property and equipment included in accounts payable 447 0
Purchases of inventory included in accounts payable 135 647
Vesting of common stock issued for early exercise of stock options $ 65 $ 300