v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (34,305) $ (11,153)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 1,295 1,801
Share-based compensation expense 22,395 19,376
Non-cash lease expense 2,369 2,317
Amortization of premiums and accretion of discounts on short-term investments (378) (772)
Gain on disposal of property and equipment (25)  
Loss on disposal of property and equipment 1 175
Deferred income taxes 11,295 (8,079)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (16,509) (15,912)
Accounts receivable, net (3,622) 9,619
Inventory 2,442 (3,984)
Contract asset   7,656
Other long-term assets (7,211) 3,178
Accounts payable (22) (6,887)
Accrued expenses, accrued collaboration expenses and other current liabilities 32,736 11,654
Operating lease liabilities (3,196) (2,555)
Deferred revenue (450) 2,436
Other long-term liabilities 104 106
Net cash provided by operating activities 6,919 8,976
Cash flows from investing activities:    
Proceeds from sale of property and equipment 25  
Purchases of property and equipment (84) (74)
Purchases of short-term investments (180,020) (144,116)
Proceeds from the maturities of short-term investments 152,458 129,527
Net cash used in investing activities (27,621) (14,663)
Cash flows from financing activities:    
Proceeds from issuance of Class A ordinary shares under incentive award plans and employee share purchase plan 14,530 2,744
Payments in connection with Ordinary Stock tendered for employee tax obligations (4,406) (1,944)
Net cash provided by financing activities 10,124 800
Net decrease in cash and cash equivalents (10,578) (4,887)
Cash and cash equivalents at beginning of period 107,954 122,715
Cash and cash equivalents at end of period 97,376 117,828
Supplemental information:    
Cash paid for income taxes 741 6,917
Supplemental disclosure of non-cash investing and financing activities:    
Change in right-of-use asset as a result of new, modified, and terminated leases 1,533 9,600
Additions to property and equipment included in accounts payable and accrued expenses and other liabilities $ 201 $ 59