v3.21.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (37,763) $ (28,167)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,436 1,711
Share-based compensation expense 5,334 1,448
Unrealized foreign exchange (gains) losses 1,249 (1,745)
Amortization (accretion) on available-for-sale debt securities 1,499 150
Other 1,299 175
Changes in operating assets and liabilities:    
Increase in receivables and other operating assets (11,155) (3,193)
Increase in non-current operating assets   (259)
Decrease in payables and other current liabilities (8,601) (2,708)
Increase in deferred revenue 162 49,445
Net cash (used in) provided by operating activities (46,540) 16,857
Cash flows from investing activities    
Acquisition of property, plant and equipment (1,152) (192)
Acquisition of intangibles (133) (152)
Maturity or redemption of marketable securities 84,646 26,364
Investment in marketable securities (61,599) (97,967)
Net cash provided by (used in) investing activities 21,762 (71,947)
Cash flows from financing activities    
Proceeds from issuance of common stock, net of issuance costs   90,550
Proceeds from exercise of stock options 534 894
Net cash provided by financing activities 534 91,444
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash (204) (502)
Net increase (decrease) in cash, cash equivalents and restricted cash (24,448) 35,852
Cash, cash equivalents and restricted cash at start of period 61,484 54,908
Cash, cash equivalents and restricted cash at end of period $ 37,036 $ 90,760

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