Rocket Pharmaceuticals, Inc(NASDAQ:RCKT)
Rocket Pharmaceuticals, Inc., together with its subsidiaries, operates as a multi-platform biotechnology company that focuses on developing gene therapies for rare and devastating pediatric diseases. It has four clinical-stage ex vivo lentiviral vector programs for fanconi anemia, a genetic defect i...
Website: http://www.rocketpharma.com
Founded: 1999
Full Time Employees: 84
Sector: Healthcare
Industry: Biotechnology
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | ||||||||||||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||||||||
qoq | ||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||
research and development | 31,454,000 | 29,347,000 | 34,068,000 | 42,658,000 | 35,942,000 | 37,357,000 | 42,315,000 | 46,345,000 | 45,227,000 | 41,744,000 | 46,844,000 | 51,383,000 | 46,371,000 | 50,037,000 | 43,383,000 | 41,356,000 | 30,794,000 | 32,161,000 | 39,975,000 | 24,798,000 | 28,542,000 | 51,037,000 | 21,657,000 | 16,731,000 | 16,957,000 | 14,668,000 | 14,829,000 | 13,989,000 | 15,137,000 | 23,680,000 | 13,065,000 | 10,772,000 | 5,743,000 | -654,000 | -2,818,000 | -9,493,000 | -8,412,000 | -6,465,000 | -7,615,000 | -5,919,000 | -3,612,000 | -1,954,000 | -1,069,000 | |
general and administrative | 17,057,000 | 14,684,000 | 18,351,000 | 25,020,000 | 28,446,000 | 25,337,000 | 27,109,000 | 27,367,000 | 22,148,000 | 21,535,000 | 18,585,000 | 17,374,000 | 15,823,000 | 19,045,000 | 15,105,000 | 12,854,000 | 11,770,000 | 12,172,000 | 9,671,000 | 9,250,000 | 10,680,000 | 8,201,000 | 5,730,000 | 6,828,000 | 7,163,000 | 4,981,000 | 4,336,000 | 4,403,000 | 3,808,000 | 2,865,000 | 2,268,000 | 4,100,000 | 8,662,000 | -3,548,000 | -3,895,000 | -2,746,000 | -2,311,000 | -2,315,000 | -2,522,000 | -2,309,000 | -1,825,000 | -1,728,000 | -1,980,000 | |
total operating expenses | 48,511,000 | 43,963,000 | 52,247,000 | 71,149,000 | 64,388,000 | 62,694,000 | 69,424,000 | 73,712,000 | 67,375,000 | 63,279,000 | 65,429,000 | 68,757,000 | 62,194,000 | 69,082,000 | 58,488,000 | 54,210,000 | 42,564,000 | 44,333,000 | 49,646,000 | 34,048,000 | 39,222,000 | 59,238,000 | 27,387,000 | 23,559,000 | 24,120,000 | 19,649,000 | 19,165,000 | 18,392,000 | 18,945,000 | 26,545,000 | 15,333,000 | 14,872,000 | 14,405,000 | |||||||||||
income from operations | -48,511,000 | -43,963,000 | -52,247,000 | -71,149,000 | -64,388,000 | -62,694,000 | -69,424,000 | -73,712,000 | -67,375,000 | -63,279,000 | -65,429,000 | -68,757,000 | -62,194,000 | -69,082,000 | -58,488,000 | -54,210,000 | -42,564,000 | -44,333,000 | -49,646,000 | -34,048,000 | -39,222,000 | -59,238,000 | -27,387,000 | -23,559,000 | -24,120,000 | -19,649,000 | -19,165,000 | -18,392,000 | -18,945,000 | -26,545,000 | -15,333,000 | -14,872,000 | -14,405,000 | -4,202,000 | -6,713,000 | -12,239,000 | -10,723,000 | -8,780,000 | -10,137,000 | -8,228,000 | -5,437,000 | -3,682,000 | -3,049,000 | |
yoy | -24.66% | -29.88% | -24.74% | -3.48% | -4.43% | -0.92% | 6.11% | 7.21% | 8.33% | -8.40% | 11.87% | 26.83% | 46.12% | 55.83% | 17.81% | 59.22% | 8.52% | -25.16% | 81.28% | 44.52% | 62.61% | 201.48% | 42.90% | 28.09% | 27.32% | -25.98% | 24.99% | 23.67% | 31.52% | 531.72% | 128.41% | 21.51% | 34.34% | -52.14% | -33.78% | 48.75% | 97.22% | 138.46% | 232.47% | |||||
qoq | 10.35% | -15.86% | -26.57% | 10.50% | 2.70% | -9.69% | -5.82% | 9.41% | 6.47% | -3.29% | -4.84% | 10.55% | -9.97% | 18.11% | 7.89% | 27.36% | -3.99% | -10.70% | 45.81% | -13.19% | -33.79% | 116.30% | 16.25% | -2.33% | 22.75% | 2.53% | 4.20% | -2.92% | -28.63% | 73.12% | 3.10% | 3.24% | 242.81% | -37.41% | -45.15% | 14.14% | 22.13% | -13.39% | 23.20% | 51.33% | 47.66% | 20.76% | ||
operating margin % | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | |
interest expense | -473,000 | -473,000 | -473,000 | -473,000 | -472,000 | -473,000 | -471,000 | -471,000 | -471,000 | -470,000 | -469,000 | -468,000 | -468,000 | -467,000 | -465,000 | -465,000 | -464,000 | -463,000 | -534,000 | -251,000 | -1,729,000 | -1,641,000 | -1,967,000 | -1,786,000 | -1,573,000 | -1,343,000 | -1,466,000 | -1,544,000 | -1,604,000 | -2,029,000 | -1,176,000 | -1,363,000 | -1,427,000 | -913,000 | -901,000 | -893,000 | -525,000 | -192,000 | -564,000 | -474,000 | ||||
interest and other income | 161,000 | 690,000 | 709,000 | 483,000 | 1,336,000 | 1,617,000 | 1,327,000 | 2,294,000 | 3,029,000 | 814,000 | 1,720,000 | 846,000 | 1,908,000 | 1,245,000 | 1,353,000 | 669,000 | 623,000 | 429,000 | 630,500 | 979,000 | 1,000,000 | |||||||||||||||||||||||
accretion of discount on investments | 1,229,000 | 1,208,000 | 1,679,000 | 2,220,000 | 2,190,000 | 1,713,750 | 1,849,000 | 2,243,000 | 2,763,000 | -124,000 | 62,000 | 245,000 | 368,000 | 256,000 | 247,000 | |||||||||||||||||||||||||||||
net income | -47,594,000 | -42,538,000 | -50,332,000 | -68,919,000 | -61,334,000 | -60,327,000 | -66,719,000 | -69,646,000 | -62,054,000 | -59,660,000 | -61,899,000 | -65,701,000 | -58,335,000 | -66,723,000 | -57,756,000 | -54,402,000 | -42,982,000 | -44,247,000 | -50,118,000 | -34,525,000 | -40,179,000 | -60,916,000 | -29,080,000 | -25,040,000 | -24,664,000 | -19,855,000 | -19,284,000 | -18,680,000 | -19,451,000 | -27,319,000 | -16,089,000 | -15,767,000 | -15,343,000 | -4,870,000 | -7,395,000 | -12,974,000 | -11,128,000 | -8,684,000 | -10,068,000 | -8,172,000 | -55,961,000 | -2,387,000 | -1,462,000 | |
yoy | -22.40% | -29.49% | -24.56% | -1.04% | -1.16% | 1.12% | 7.79% | 6.00% | 6.38% | -10.59% | 7.17% | 20.77% | 35.72% | 50.80% | 15.24% | 57.57% | 6.98% | -27.36% | 72.35% | 37.88% | 62.91% | 206.80% | 50.80% | 34.05% | 26.80% | -27.32% | 19.86% | 18.48% | 26.77% | 460.97% | 117.57% | 21.53% | 37.88% | -43.92% | -26.55% | 58.76% | -80.11% | 263.80% | 588.65% | |||||
qoq | 11.89% | -15.49% | -26.97% | 12.37% | 1.67% | -9.58% | -4.20% | 12.23% | 4.01% | -3.62% | -5.79% | 12.63% | -12.57% | 15.53% | 6.17% | 26.57% | -2.86% | -11.71% | 45.16% | -14.07% | -34.04% | 109.48% | 16.13% | 1.52% | 24.22% | 2.96% | 3.23% | -3.96% | -28.80% | 69.80% | 2.04% | 2.76% | 215.05% | -34.14% | -43.00% | 16.59% | 28.14% | -13.75% | 23.20% | -85.40% | 2244.41% | 63.27% | ||
net income margin % | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | |
net income per share | -0.42 | -0.38 | -0.45 | -0.62 | -0.56 | -0.62 | -0.71 | -0.74 | -0.66 | -0.62 | -0.75 | -0.82 | -0.73 | -0.89 | -0.87 | -0.83 | -0.67 | -0.68 | -0.79 | -0.55 | -0.65 | -1.09 | -0.53 | -0.45 | -0.45 | -0.39 | -0.38 | -0.38 | -0.43 | -0.67 | -0.4 | -0.4 | -0.42 | -0.228 | -0.27 | -0.28 | -0.41 | -0.33 | -0.38 | 0.13 | -2.48 | -0.15 | -0.21 | |
weighted-average common shares outstanding - basic and diluted | 112,134,059 | 111,123,770 | 111,571,136 | 111,019,647 | 110,093,461 | 94,807,773 | 94,158,491 | 93,746,243 | 93,549,884 | 84,009,004 | 82,636,120 | 80,472,362 | 79,453,519 | 68,148,925 | 66,215,535 | 65,476,531 | 64,509,721 | 63,235,417 | 63,825,429 | 63,061,232 | 61,574,405 | 55,380,740 | 55,188,956 | 55,158,459 | 54,883,120 | 49,010,358 | 50,364,649 | 49,267,247 | 45,122,815 | 39,377,666 | 39,900,551 | 39,483,006 | 36,137,120 | |||||||||||
restructuring | -68,000 | -172,000 | 3,471,000 | |||||||||||||||||||||||||||||||||||||||||
accretion of discount and amortization of premium on investments | 3,275,000 | 2,279,000 | 2,678,000 | 2,419,000 | ||||||||||||||||||||||||||||||||||||||||
research and development incentives | 500,000 | 500,000 | 250,000 | 186,000 | ||||||||||||||||||||||||||||||||||||||||
amortization of premium on investments - net | -282,000 | -156,000 | -396,000 | -577,000 | -527,750 | -744,000 | -727,000 | |||||||||||||||||||||||||||||||||||||
interest and other income - net | 554,500 | 806,000 | 501,000 | |||||||||||||||||||||||||||||||||||||||||
interest and other income net | 911,000 | 237,000 | 518,000 | 967,000 | 601,000 | |||||||||||||||||||||||||||||||||||||||
(amortization of premium) accretion of discount on investments - net | -639,000 | -274,000 | -244,000 | |||||||||||||||||||||||||||||||||||||||||
interest income | 316,000 | 459,000 | 473,000 | 288,000 | 245,000 | 219,000 | 158,000 | 120,000 | 96,000 | 69,000 | 56,000 | 33,000 | ||||||||||||||||||||||||||||||||
other income net | -7,000 | -39,000 | ||||||||||||||||||||||||||||||||||||||||||
other income | -5,000 | 15,000 | ||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding—basic and diluted | 27,041,324 | 26,930,730 | 26,423,394 | 18,311,333 | 22,573,195 | 16,327,003 | 7,677,575 | |||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -3,716,000 | -683,000 | ||||||||||||||||||||||||||||||||||||||||||
change in fair value of warrant liabilities | 267,000 | |||||||||||||||||||||||||||||||||||||||||||
change in fair value of convertible bridge notes redemption rights derivative | 480,000 | |||||||||||||||||||||||||||||||||||||||||||
change in fair value of 2020 convertible notes derivative liability | -46,649,000 | 1,859,000 | ||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding–basic and diluted | 26,623,280 | |||||||||||||||||||||||||||||||||||||||||||
change in fair value of 2020 convertible notes derivative | 1,997,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 49,610,000 | 77,558,000 | 75,948,000 | 32,819,000 | 49,810,000 | 163,635,000 | 65,599,000 | 38,607,000 | 35,276,000 | 55,904,000 | 225,657,000 | 45,076,000 | 64,579,000 | 140,517,000 | 196,669,000 | 187,548,000 | 130,552,000 | 232,694,000 | 245,644,000 | 264,608,000 | 252,540,000 | 297,098,000 | 82,226,000 | 163,203,000 | 190,520,000 | 185,383,000 | 89,195,000 | 64,833,000 | 124,464,000 | 111,355,000 | 38,076,000 | 52,548,000 | 171,136,000 | 78,720,000 | 49,146,000 | 27,610,000 | 25,273,000 | 29,798,000 | 83,004,000 | 38,519,000 | 58,706,000 | 80,042,000 | 89,248,000 | 49,012,000 | 53,139,000 | 3,618,000 |
investments | 94,769,000 | 111,371,000 | 146,810,000 | 238,675,000 | 268,354,000 | 208,701,000 | 170,063,000 | 240,218,000 | 295,037,000 | 317,271,000 | 211,514,000 | 261,964,000 | 266,505,000 | 215,877,000 | 109,865,000 | 133,820,000 | 216,041,000 | 156,046,000 | 175,815,000 | 162,222,000 | 213,813,000 | 185,621,000 | 146,464,000 | 86,600,000 | 85,375,000 | 118,732,000 | 151,366,000 | 192,950,000 | 72,126,000 | 94,375,000 | 89,402,000 | 79,555,000 | ||||||||||||||
prepaid expenses and other current assets | 5,448,000 | 3,805,000 | 4,922,000 | 5,661,000 | 6,329,000 | 5,847,000 | 6,092,000 | 13,900,000 | 14,846,000 | 5,047,000 | 9,694,000 | 5,034,000 | 6,949,000 | 7,666,000 | 4,597,000 | 4,403,000 | 7,255,000 | 3,319,000 | 3,610,000 | 3,596,000 | 1,033,000 | 747,000 | 1,067,000 | 1,928,000 | 1,876,000 | 1,341,000 | 480,000 | 982,000 | 1,086,000 | 859,000 | 465,000 | 301,000 | 52,000 | |||||||||||||
total current assets | 149,827,000 | 192,734,000 | 227,680,000 | 277,155,000 | 324,493,000 | 378,183,000 | 241,754,000 | 292,725,000 | 345,159,000 | 378,222,000 | 446,865,000 | 312,074,000 | 338,033,000 | 364,060,000 | 311,131,000 | 325,771,000 | 353,848,000 | 392,059,000 | 425,069,000 | 430,426,000 | 471,822,000 | 487,345,000 | 233,214,000 | 255,436,000 | 279,805,000 | 307,754,000 | 245,591,000 | 263,629,000 | 199,619,000 | 209,088,000 | 128,821,000 | 134,608,000 | 184,828,000 | 101,047,000 | 103,872,000 | 109,821,000 | 116,633,000 | 128,349,000 | 138,924,000 | 98,702,000 | 103,247,000 | 112,366,000 | 119,224,000 | 49,477,000 | 53,440,000 | 3,670,000 |
property and equipment | 26,655,000 | 28,170,000 | 29,768,000 | 32,524,000 | 34,565,000 | 36,786,000 | 38,514,000 | 39,548,000 | 39,337,000 | 39,172,000 | 36,534,000 | 32,986,000 | 30,588,000 | 29,009,000 | 25,613,000 | 24,851,000 | 24,354,000 | 22,299,000 | 22,090,000 | 20,989,000 | 19,833,000 | 19,206,000 | 15,803,000 | 14,314,000 | 11,140,000 | 29,295,000 | 19,270,000 | 9,844,000 | 7,077,000 | 2,027,000 | 1,245,000 | 976,000 | 1,146,000 | 563,000 | 615,000 | 1,076,000 | 1,122,000 | 1,130,000 | 1,045,000 | 976,000 | 790,000 | 812,000 | 756,000 | 29,000 | ||
goodwill | 39,154,000 | 39,154,000 | 39,154,000 | 39,154,000 | 39,154,000 | 39,154,000 | 39,154,000 | 39,154,000 | 39,154,000 | 39,154,000 | 39,154,000 | 39,154,000 | 39,154,000 | 39,154,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | 30,815,000 | |||||||||||||
intangible assets | 25,150,000 | 25,150,000 | 25,150,000 | 25,150,000 | 25,150,000 | 25,150,000 | 25,150,000 | 25,150,000 | 25,150,000 | 25,150,000 | 25,150,000 | 25,724,000 | 25,724,000 | 25,724,000 | ||||||||||||||||||||||||||||||||
restricted cash | 1,341,000 | 1,340,000 | 1,365,000 | 1,365,000 | 1,362,000 | 1,362,000 | 1,362,000 | 1,362,000 | 1,362,000 | 1,372,000 | 1,372,000 | 1,362,000 | 1,340,000 | 1,340,000 | 1,354,000 | 1,343,000 | 1,343,000 | 1,343,000 | 1,334,000 | 1,334,000 | 1,461,000 | 1,568,000 | 1,568,000 | 1,525,000 | 1,525,000 | 1,525,000 | 1,525,000 | 1,525,000 | 1,525,000 | 1,436,000 | 1,645,000 | 1,644,000 | 208,000 | |||||||||||||
deposits | 482,000 | 482,000 | 515,000 | 515,000 | 514,000 | 529,000 | 503,000 | 481,000 | 533,000 | 533,000 | 542,000 | 542,000 | 459,000 | 608,000 | 455,000 | 455,000 | 455,000 | 455,000 | 455,000 | 455,000 | 455,000 | 455,000 | 455,000 | 455,000 | 455,000 | 455,000 | 455,000 | 455,000 | 455,000 | 545,000 | 455,000 | 168,000 | 168,000 | |||||||||||||
operating lease right-of-use assets | 3,127,000 | 3,210,000 | 3,653,000 | 3,830,000 | 4,003,000 | 4,173,000 | 4,349,000 | 4,551,000 | 4,768,000 | 3,901,000 | 4,089,000 | 4,345,000 | 4,369,000 | 1,972,000 | 1,022,000 | 1,207,000 | 1,390,000 | 1,569,000 | 1,467,000 | 1,628,000 | 1,787,000 | 914,000 | 1,094,000 | 1,270,000 | 1,470,000 | 2,051,000 | 2,254,000 | 2,452,000 | 2,647,000 | |||||||||||||||||
finance lease right-of-use asset | 39,671,000 | 40,209,000 | 40,748,000 | 41,286,000 | 41,825,000 | 42,363,000 | 42,902,000 | 43,440,000 | 43,979,000 | 44,517,000 | 45,056,000 | 45,594,000 | 46,133,000 | 46,664,000 | 46,875,000 | 47,410,000 | 47,945,000 | 48,480,000 | 49,011,000 | 49,507,000 | 50,311,000 | 50,521,000 | 52,547,000 | 49,250,000 | 47,541,000 | |||||||||||||||||||||
total assets | 285,407,000 | 330,449,000 | 368,033,000 | 420,979,000 | 471,066,000 | 527,700,000 | 393,688,000 | 446,411,000 | 499,442,000 | 566,341,000 | 598,762,000 | 461,781,000 | 514,757,000 | 551,807,000 | 417,265,000 | 431,852,000 | 460,150,000 | 497,020,000 | 530,241,000 | 535,154,000 | 576,484,000 | 590,824,000 | 335,496,000 | 353,065,000 | 372,751,000 | 372,121,000 | 299,910,000 | 308,720,000 | 242,138,000 | 251,313,000 | 194,981,000 | 207,574,000 | 217,165,000 | 101,778,000 | 104,655,000 | 111,065,000 | 117,923,000 | 129,647,000 | 140,139,000 | 99,851,000 | 104,207,000 | 113,321,000 | 120,124,000 | 51,688,000 | 55,526,000 | 5,520,000 |
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 21,542,000 | 27,291,000 | 28,258,000 | 40,505,000 | 32,435,000 | 37,827,000 | 37,133,000 | 34,733,000 | 30,085,000 | 45,789,000 | 30,624,000 | 31,353,000 | 28,609,000 | 36,660,000 | 27,823,000 | 21,840,000 | 20,031,000 | 19,615,000 | 22,008,000 | 17,884,000 | 33,168,000 | 25,472,000 | 24,830,000 | 18,245,000 | 18,819,000 | 17,352,000 | 21,246,000 | 14,168,000 | 19,680,000 | 15,372,000 | 9,765,000 | 8,285,000 | 4,762,000 | |||||||||||||
operating lease liabilities, current | 998,000 | 1,003,000 | 1,015,000 | 1,010,000 | 1,006,000 | 1,001,000 | 1,005,000 | 1,033,000 | 1,064,000 | 925,000 | 1,079,000 | 1,233,000 | 849,000 | 773,000 | 634,000 | 737,000 | 838,000 | 863,000 | 804,000 | 792,000 | 683,000 | 626,000 | 728,000 | 819,000 | 817,000 | 957,000 | 935,000 | 913,000 | 892,000 | |||||||||||||||||
finance lease liability, current | 1,926,000 | 1,912,000 | 1,897,000 | 1,884,000 | 1,870,000 | 1,856,000 | 1,842,000 | 1,826,000 | 1,808,000 | 1,791,000 | 1,773,000 | 1,760,000 | 1,748,000 | 1,736,000 | 1,724,000 | 1,712,000 | 1,701,000 | 1,689,000 | 1,677,000 | 1,666,000 | 1,655,000 | |||||||||||||||||||||||||
total current liabilities | 24,466,000 | 30,206,000 | 31,170,000 | 43,399,000 | 35,311,000 | 40,684,000 | 39,980,000 | 37,592,000 | 32,957,000 | 48,505,000 | 33,476,000 | 34,346,000 | 31,206,000 | 39,169,000 | 30,181,000 | 24,289,000 | 22,570,000 | 22,167,000 | 24,489,000 | 25,444,000 | 40,492,000 | 32,617,000 | 31,955,000 | 20,685,000 | 21,114,000 | 18,309,000 | 22,181,000 | 15,081,000 | 20,572,000 | 15,372,000 | 10,294,000 | 10,146,000 | 7,337,000 | 4,070,000 | 3,767,000 | 4,016,000 | 5,268,000 | 7,212,000 | 5,944,000 | 4,071,000 | 4,614,000 | 4,141,000 | 3,243,000 | 2,452,000 | 2,457,000 | 7,220,000 |
operating lease liabilities, non-current | 2,493,000 | 2,600,000 | 2,758,000 | 2,928,000 | 3,095,000 | 3,258,000 | 3,413,000 | 3,565,000 | 3,714,000 | 2,973,000 | 2,990,000 | 3,074,000 | 3,506,000 | 1,088,000 | 492,000 | 606,000 | 719,000 | 905,000 | 891,000 | 1,096,000 | 1,299,000 | 498,000 | 599,000 | 706,000 | 917,000 | 1,443,000 | 1,691,000 | 1,933,000 | 2,169,000 | |||||||||||||||||
finance lease liability, non-current | 19,347,000 | 19,362,000 | 19,375,000 | 19,380,000 | 19,381,000 | 19,383,000 | 19,382,000 | 19,374,000 | 19,363,000 | 19,353,000 | 19,341,000 | 19,319,000 | 19,294,000 | 19,269,000 | 19,242,000 | 19,210,000 | 19,176,000 | 19,144,000 | 19,109,000 | 19,070,000 | ||||||||||||||||||||||||||
other liabilities | 1,062,000 | 1,060,000 | 1,061,000 | 1,061,000 | 1,141,000 | 1,141,000 | 1,142,000 | 1,245,000 | 1,906,000 | 2,936,000 | 1,869,000 | 2,072,000 | 1,875,000 | 2,595,000 | 37,000 | 51,000 | 65,000 | 80,000 | 94,000 | 107,000 | 122,000 | 136,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 | 22,000 | 23,000 | |||||||||||||||||
total liabilities | 47,368,000 | 53,228,000 | 54,364,000 | 66,768,000 | 58,928,000 | 64,466,000 | 63,917,000 | 61,776,000 | 57,940,000 | 73,767,000 | 57,676,000 | 58,811,000 | 55,881,000 | 62,121,000 | 49,952,000 | 44,156,000 | 42,530,000 | 42,296,000 | 44,583,000 | 45,717,000 | 96,485,000 | 87,305,000 | 93,655,000 | 86,542,000 | 86,700,000 | 64,824,000 | 67,992,000 | 60,216,000 | 65,061,000 | 57,276,000 | 51,361,000 | 50,498,000 | 47,019,000 | 54,014,000 | 53,580,000 | 53,535,000 | 54,659,000 | 56,479,000 | 55,085,000 | 4,407,000 | 4,965,000 | 4,508,000 | 3,649,000 | 19,969,000 | 21,574,000 | 10,278,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred stock; 300,000 shares designated; 0 shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock; 300,000 shares designated; 0 shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 1,091,000 | 1,083,000 | 1,082,000 | 1,079,000 | 1,068,000 | 1,065,000 | 911,000 | 910,000 | 906,000 | 903,000 | 901,000 | 805,000 | 804,000 | 791,000 | 678,000 | 658,000 | 645,000 | 645,000 | 644,000 | 634,000 | 619,000 | 610,000 | 552,000 | 551,000 | 551,000 | 548,000 | 503,000 | 503,000 | 451,000 | 452,000 | 398,000 | 395,000 | 394,000 | 163,000 | 10,000 | |||||||||||
additional paid-in capital | 1,725,893,000 | 1,717,408,000 | 1,711,297,000 | 1,701,608,000 | 1,690,547,000 | 1,680,219,000 | 1,486,436,000 | 1,475,013,000 | 1,462,155,000 | 1,450,722,000 | 1,440,403,000 | 1,240,745,000 | 1,230,319,000 | 1,203,074,000 | 1,014,283,000 | 977,099,000 | 952,498,000 | 946,152,000 | 932,776,000 | 886,431,000 | 842,477,000 | 825,794,000 | 503,223,000 | 498,590,000 | 493,811,000 | 489,925,000 | 394,930,000 | 392,205,000 | 302,039,000 | 300,253,000 | 221,983,000 | 219,225,000 | 216,440,000 | 316,086,000 | 314,332,000 | 313,441,000 | 312,613,000 | 311,829,000 | 310,686,000 | 309,933,000 | 305,069,000 | 304,583,000 | 304,062,000 | 163,446,000 | 163,292,000 | 76,472,000 |
accumulated other comprehensive income | -112,000 | -31,000 | -9,000 | -107,000 | -27,000 | 66,000 | 213,000 | -218,000 | -135,000 | 319,000 | -42,000 | 20,000 | 117,000 | 144,000 | 10,000 | 2,000 | 17,000 | |||||||||||||||||||||||||||||
accumulated deficit | -1,488,833,000 | -1,441,239,000 | -1,398,701,000 | -1,348,369,000 | -1,279,450,000 | -1,218,116,000 | -1,157,789,000 | -1,091,070,000 | -1,021,424,000 | -959,370,000 | -899,710,000 | -837,811,000 | -772,110,000 | -713,775,000 | -647,052,000 | -589,296,000 | -534,894,000 | -491,912,000 | -447,665,000 | -397,547,000 | -363,022,000 | -322,843,000 | -261,927,000 | -232,847,000 | -207,807,000 | -183,143,000 | -163,288,000 | -144,004,000 | -125,324,000 | -105,873,000 | -78,554,000 | -62,465,000 | -46,698,000 | -268,374,000 | -263,504,000 | -256,109,000 | -249,547,000 | -238,877,000 | -225,903,000 | -214,775,000 | -206,091,000 | -196,023,000 | -187,851,000 | -131,890,000 | -129,503,000 | -128,041,000 |
total stockholders’ equity | 238,039,000 | 277,221,000 | 313,669,000 | 354,211,000 | 402,970,000 | 458,876,000 | 489,686,000 | 367,313,000 | 387,696,000 | 417,620,000 | 454,724,000 | 503,519,000 | 307,297,000 | 231,918,000 | 248,504,000 | 47,764,000 | 51,075,000 | 57,530,000 | 63,264,000 | 73,168,000 | 85,054,000 | 95,444,000 | 99,242,000 | 108,813,000 | 116,475,000 | 31,719,000 | 33,952,000 | |||||||||||||||||||
total liabilities and stockholders’ equity | 285,407,000 | 330,449,000 | 368,033,000 | 420,979,000 | 461,781,000 | 514,757,000 | 551,807,000 | 417,265,000 | 431,852,000 | 460,150,000 | 497,020,000 | 590,824,000 | 372,121,000 | 299,910,000 | 308,720,000 | 101,778,000 | 104,655,000 | 111,065,000 | 117,923,000 | 129,647,000 | 140,139,000 | 99,851,000 | 104,207,000 | |||||||||||||||||||||||
total stockholders' equity | 412,138,000 | 463,234,000 | 329,771,000 | 384,635,000 | 441,502,000 | 492,574,000 | 541,086,000 | 485,658,000 | 489,437,000 | 479,999,000 | 241,841,000 | 266,523,000 | 286,051,000 | |||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 471,066,000 | 527,700,000 | 393,688,000 | 446,411,000 | 499,442,000 | 566,341,000 | 598,762,000 | 530,241,000 | 535,154,000 | 576,484,000 | 335,496,000 | 353,065,000 | 372,751,000 | |||||||||||||||||||||||||||||||||
series a convertible preferred stock; 300,000 shares designated as series a; 0 shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock; 300,000 shares designated as series b; 0 shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||
treasury stock | -47,000 | -47,000 | -47,000 | -76,000 | -429,000 | -53,000 | -344,000 | -344,000 | -668,000 | |||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -508,000 | -722,000 | -90,000 | -357,000 | -596,000 | -765,000 | -629,000 | -161,000 | -97,000 | -81,000 | -75,000 | 69,000 | 229,000 | -75,000 | -89,000 | -127,000 | -207,000 | -79,000 | -16,000 | -25,000 | -72,000 | -72,000 | -54,000 | |||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||
convertible notes, net of unamortized discount, current | 5,102,000 | 4,986,000 | 4,875,000 | 4,765,000 | ||||||||||||||||||||||||||||||||||||||||||
convertible notes, net of unamortized discount, non-current | 35,544,000 | 35,066,000 | 42,132,000 | |||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 5,469,000 | 4,626,000 | 4,524,000 | 5,633,000 | 3,910,000 | 3,639,000 | 5,030,000 | 5,846,000 | 3,029,000 | 3,358,000 | 1,343,000 | 2,505,000 | 2,131,000 | |||||||||||||||||||||||||||||||||
finance lease liabilities, non-current | 19,028,000 | 18,988,000 | 18,946,000 | 18,900,000 | 18,852,000 | |||||||||||||||||||||||||||||||||||||||||
finance lease liabilities, current | 1,644,000 | 1,632,000 | 1,621,000 | 1,478,000 | ||||||||||||||||||||||||||||||||||||||||||
convertible notes, net of unamortized discount | 46,228,000 | 45,794,000 | 45,049,000 | 44,097,000 | 43,180,000 | 42,297,000 | 41,447,000 | 40,629,000 | 39,842,000 | |||||||||||||||||||||||||||||||||||||
internal use software | 226,000 | |||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred shares; 300,000 shares designated as series b; 0 shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred stock; 300,000 shares designated as series a; 0 shares issued and outstanding at june 30, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred stock; 300,000 shares designated as series b; 0 shares issued and outstanding at june 30, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||
preferred shares, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred shares; 300,000 shares designated as series a; 0 shares issued and outstanding at march 31, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred shares; 300,000 shares designated as series b; 0 shares issued and outstanding at march 31, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 177,077,000 | 157,076,000 | 170,146,000 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 242,138,000 | 207,574,000 | 217,165,000 | |||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||
deferred rent and lease obligations | 457,000 | 438,000 | 510,000 | |||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred shares; 300,000 shares designated as series a; 0 and 128,738 shares issued and outstanding at december 31, 2018 and 2017, respectively | ||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred shares; 300,000 shares designated as series b; 0 and 126,909 shares issued and outstanding at december 31, 2018 and 2017, respectively | ||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 194,037,000 | 143,620,000 | ||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 251,313,000 | 194,981,000 | ||||||||||||||||||||||||||||||||||||||||||||
accrued research and development costs | 529,000 | 1,861,000 | 2,575,000 | |||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred shares; 300,000 shares designated as series b; 0 and 126,909 shares issued and outstanding at september 30, 2018 and december 31, 2017, respectively | ||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred shares; 300,000 shares designated as series a; 0 and 128,738 shares issued and outstanding at june 30, 2018 and december 31, 2017, respectively | ||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred shares; 300,000 shares designated as series b; 0 and 126,909 shares issued and outstanding at june 30, 2018 and december 31, 2017, respectively | ||||||||||||||||||||||||||||||||||||||||||||||
short term investments | 11,561,000 | |||||||||||||||||||||||||||||||||||||||||||||
convertible notes,net of unamortized discount | 39,084,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred rent and lease liability | 598,000 | |||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred shares; 300,000 shares designated as series a; 0 and 128,738 shares issued and outstanding at march 31, 2018 and december 31, 2017, respectively | ||||||||||||||||||||||||||||||||||||||||||||||
series b convertible preferred shares; 300,000 shares designated as series b; 0 and 126,909 shares issued and outstanding at march 31, 2018 and december 31, 2017, respectively | ||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 21,294,000 | 53,979,000 | 81,144,000 | 89,432,000 | 96,675,000 | 54,579,000 | 59,703,000 | 43,559,000 | 31,238,000 | 29,117,000 | ||||||||||||||||||||||||||||||||||||
other assets | 168,000 | 168,000 | 168,000 | 168,000 | 168,000 | 170,000 | 173,000 | 170,000 | 143,000 | 144,000 | 2,182,000 | 2,086,000 | 1,850,000 | |||||||||||||||||||||||||||||||||
accounts payable | 451,000 | 383,000 | 368,000 | 1,902,000 | 1,592,000 | 1,777,000 | 921,000 | 1,376,000 | 1,633,000 | 1,709,000 | 813,000 | 1,301,000 | 1,146,000 | |||||||||||||||||||||||||||||||||
accrued expenses and other current liabilities | 2,373,000 | 2,900,000 | 2,423,000 | 2,886,000 | 4,416,000 | 3,716,000 | 3,150,000 | 3,238,000 | 2,508,000 | 1,534,000 | 1,273,000 | 1,052,000 | 992,000 | |||||||||||||||||||||||||||||||||
accrued interest | 1,246,000 | 484,000 | 1,225,000 | 480,000 | 1,204,000 | 451,000 | 366,000 | 104,000 | ||||||||||||||||||||||||||||||||||||||
2021 convertible notes, net of issuance costs | 49,541,000 | 49,390,000 | 49,242,000 | 49,099,000 | 48,960,000 | 48,820,000 | ||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 403,000 | 423,000 | 277,000 | 292,000 | 307,000 | 321,000 | 336,000 | 351,000 | 367,000 | 406,000 | 24,000 | 24,000 | 24,000 | |||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 5,000,000 shares authorized and no shares issued or outstanding | ||||||||||||||||||||||||||||||||||||||||||||||
common stock | 68,000 | 272,000 | 270,000 | 270,000 | 270,000 | 269,000 | 269,000 | 264,000 | 264,000 | 264,000 | 163,000 | |||||||||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||
notes payable, current portion | 3,063,000 | |||||||||||||||||||||||||||||||||||||||||||||
convertible bridge notes | ||||||||||||||||||||||||||||||||||||||||||||||
convertible bridge notes redemption rights derivative | ||||||||||||||||||||||||||||||||||||||||||||||
notes payable, net of current portion | 2,550,000 | |||||||||||||||||||||||||||||||||||||||||||||
warrant liabilities | 482,000 | |||||||||||||||||||||||||||||||||||||||||||||
series aa redeemable convertible preferred stock, 0.001 par value... | 46,253,000 | |||||||||||||||||||||||||||||||||||||||||||||
series x redeemable convertible preferred stock, 0.001 par value... | 548,000 | |||||||||||||||||||||||||||||||||||||||||||||
total redeemable convertible preferred stock | 46,801,000 | |||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss | -11,000 | |||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders’ equity | 113,321,000 | 120,124,000 | 51,688,000 | 55,526,000 | ||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value: 5,000,000 shares authorized and 0 shares issued or outstanding | ||||||||||||||||||||||||||||||||||||||||||||||
2020 convertible notes, net of debt discount of 12,074 | 8,926,000 | |||||||||||||||||||||||||||||||||||||||||||||
2020 convertible notes derivative liability | 8,567,000 | |||||||||||||||||||||||||||||||||||||||||||||
2020 convertible notes, net of debt discount of 12,333 | 8,667,000 | |||||||||||||||||||||||||||||||||||||||||||||
2020 convertible notes derivative | 10,426,000 | |||||||||||||||||||||||||||||||||||||||||||||
preferred stock. 0.001 par value: 5,000,000 shares authorized and 0 shares issued or outstanding | ||||||||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ deficit | ||||||||||||||||||||||||||||||||||||||||||||||
convertible notes payable | 1,541,000 | |||||||||||||||||||||||||||||||||||||||||||||
convertible notes redemption rights derivative | 480,000 | |||||||||||||||||||||||||||||||||||||||||||||
stockholders’ deficit: | ||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -51,559,000 | |||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders’ deficit | 5,520,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
net loss | -47,594,000 | -42,538,000 | -50,332,000 | -68,919,000 | -61,334,000 | -60,327,000 | -66,719,000 | -69,646,000 | -62,054,000 | -59,660,000 | -61,899,000 | -65,701,000 | -58,335,000 | -66,723,000 | -57,756,000 | -54,402,000 | -42,982,000 | -44,247,000 | -50,118,000 | -34,525,000 | -40,179,000 | -60,916,000 | -29,080,000 | -25,040,000 | -24,664,000 | -19,855,000 | -19,284,000 | -18,680,000 | -19,451,000 | -27,319,000 | -16,089,000 | -15,767,000 | -15,343,000 | -4,870,000 | -7,395,000 | -6,562,000 | -10,670,000 | -12,974,000 | -11,128,000 | -8,684,000 | -10,068,000 | -8,172,000 | -55,961,000 | -2,387,000 | -1,462,000 |
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of property and equipment | 1,608,000 | 1,678,000 | 2,702,000 | 2,040,000 | 2,451,000 | 1,822,000 | 1,851,000 | 1,832,000 | 1,716,000 | 1,396,000 | 1,221,000 | 1,192,000 | 1,135,000 | 1,049,000 | 1,085,000 | 1,031,000 | 767,000 | ||||||||||||||||||||||||||||
amortization of finance lease right of use asset | 538,000 | 539,000 | 538,000 | 539,000 | 538,000 | 539,000 | 538,000 | 539,000 | 538,000 | 539,000 | 538,000 | 539,000 | 538,000 | ||||||||||||||||||||||||||||||||
stock-based compensation | 8,493,000 | 6,112,000 | 9,759,000 | 10,857,000 | 10,331,000 | 11,088,000 | 11,248,000 | 11,332,000 | 10,252,000 | 9,930,000 | 10,316,000 | 10,245,000 | 8,915,000 | 9,693,000 | 7,677,000 | 7,369,000 | 6,270,000 | 7,037,000 | 6,989,000 | 7,311,000 | 7,900,000 | 6,070,000 | 4,047,000 | 4,489,000 | 3,961,000 | 1,548,000 | 911,000 | 793,000 | 784,000 | 931,000 | 805,000 | 687,000 | 486,000 | 448,000 | 374,000 | 194,000 | 1,364,000 | ||||||||
accretion of discount on investments | -1,020,000 | -1,088,000 | -1,599,000 | -2,212,000 | -2,075,000 | -1,849,000 | -2,242,000 | -2,754,000 | 155,000 | 400,000 | 577,000 | 744,000 | 126,000 | -63,000 | -231,000 | -332,000 | -256,000 | -247,000 | -317,000 | -366,000 | |||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | -1,643,000 | 1,150,000 | 739,000 | 667,000 | -467,000 | 354,000 | -286,000 | 422,000 | -1,151,000 | 4,656,000 | -4,660,000 | 1,832,000 | 866,000 | -2,315,000 | -194,000 | 2,852,000 | -3,936,000 | 291,000 | -14,000 | 1,872,000 | -842,000 | -102,000 | 1,107,000 | -2,251,000 | -271,000 | 666,000 | 815,000 | -2,091,000 | -307,000 | -2,016,000 | 1,162,000 | -185,000 | 342,000 | 848,000 | -45,000 | -608,000 | -840,000 | 448,000 | 52,000 | -288,000 | -394,000 | -303,000 | -271,000 | ||
accounts payable and accrued expenses | -5,749,000 | -967,000 | -12,247,000 | 8,121,000 | -5,258,000 | 774,000 | 3,171,000 | 4,535,000 | -2,413,000 | 15,758,000 | -1,134,000 | 3,273,000 | -7,750,000 | 2,485,000 | 4,641,000 | 3,039,000 | -491,000 | -1,985,000 | 6,140,000 | -16,029,000 | 7,047,000 | 9,263,000 | 4,940,000 | -1,256,000 | -1,932,000 | -4,700,000 | 4,243,000 | -2,181,000 | -84,000 | 3,148,000 | 1,479,000 | 3,524,000 | -2,261,000 | ||||||||||||
operating lease liabilities and right of use assets | -29,000 | 11,000 | 12,000 | 10,000 | 12,000 | 17,000 | 22,000 | 37,000 | 13,000 | ||||||||||||||||||||||||||||||||||||
finance lease liability | -1,000 | 2,000 | 8,000 | 13,000 | 12,000 | 15,000 | 24,000 | 29,000 | 27,000 | 30,000 | 35,000 | 37,000 | 37,000 | 38,000 | 44,000 | 45,000 | 45,000 | -1,443,000 | 460,000 | 1,247,000 | -63,000 | 3,992,000 | 568,000 | 846,000 | 151,000 | ||||||||||||||||||||
other liabilities | 2,000 | -1,000 | 0 | -1,877,000 | -103,000 | -661,000 | -1,030,000 | 1,067,000 | -203,000 | 197,000 | -720,000 | -14,000 | |||||||||||||||||||||||||||||||||
net cash from operating activities | -45,394,000 | -34,840,000 | -50,420,000 | -48,964,000 | -55,790,000 | -46,942,000 | -52,103,000 | -53,823,000 | -56,856,000 | -29,339,000 | -57,148,000 | -50,869,000 | -57,560,000 | -56,021,000 | -43,859,000 | -39,039,000 | -39,223,000 | -30,941,000 | -27,413,000 | -38,526,000 | -24,283,000 | -13,109,000 | -17,253,000 | -22,033,000 | -22,245,000 | -19,733,000 | -10,849,000 | -18,104,000 | -15,977,000 | -20,814,000 | -11,635,000 | -9,738,000 | -11,601,000 | -2,988,000 | -5,585,000 | -5,920,000 | -11,619,000 | -11,138,000 | -9,132,000 | -8,003,000 | -8,993,000 | -7,039,000 | -4,327,000 | -4,057,000 | -1,993,000 |
capital expenditures | -93,000 | -80,000 | 54,000 | -50,000 | -313,000 | -389,000 | -2,359,000 | -1,817,000 | -1,112,000 | -5,240,000 | -4,250,000 | -4,648,000 | -1,221,000 | -3,003,000 | 839,000 | -4,127,000 | -320,000 | -3,091,000 | -3,624,000 | -186,000 | 9,000 | -17,824,000 | 1,830,000 | -746,000 | -2,411,000 | -8,365,000 | -3,891,000 | -10,221,000 | 3,632,000 | -883,000 | -453,000 | -109,000 | -8,000 | 0 | 0 | -17,000 | -53,000 | 0 | -108,000 | -221,000 | -15,000 | -94,000 | -288,000 | 0 | 0 |
free cash flows | -45,487,000 | -34,920,000 | -50,366,000 | -49,014,000 | -56,103,000 | -47,331,000 | -54,462,000 | -55,640,000 | -57,968,000 | -34,579,000 | -61,398,000 | -55,517,000 | -58,781,000 | -59,024,000 | -43,020,000 | -43,166,000 | -39,543,000 | -34,032,000 | -31,037,000 | -38,712,000 | -24,274,000 | -30,933,000 | -15,423,000 | -22,779,000 | -24,656,000 | -28,098,000 | -14,740,000 | -28,325,000 | -12,345,000 | -21,697,000 | -12,088,000 | -9,847,000 | -11,609,000 | -2,988,000 | -5,585,000 | -5,937,000 | -11,672,000 | -11,138,000 | -9,240,000 | -8,224,000 | -9,008,000 | -7,133,000 | -4,615,000 | -4,057,000 | -1,993,000 |
investing activities: | |||||||||||||||||||||||||||||||||||||||||||||
purchases of investments | -48,709,000 | -54,495,000 | -29,438,000 | -52,689,000 | -139,931,000 | -124,045,000 | -19,320,000 | -38,574,000 | -63,947,000 | -208,502,000 | -13,488,000 | -72,896,000 | -96,034,000 | -198,867,000 | -34,437,000 | 0 | -143,023,000 | -19,391,000 | -67,913,000 | -54,756,000 | -103,815,000 | -77,242,000 | -75,665,000 | -32,955,000 | -23,481,000 | -34,052,000 | -9,910,000 | 0 | -22,268,000 | ||||||||||||||||
proceeds from maturities of investments | 66,250,000 | 91,000,000 | 123,000,000 | 84,500,000 | 82,260,000 | 86,483,000 | 99,827,000 | 96,128,000 | 101,016,000 | 72,344,000 | 66,397,000 | 108,250,000 | 62,335,000 | 50,820,000 | 58,405,000 | 81,686,000 | 81,983,000 | 38,297,000 | 53,562,000 | 105,615,000 | 74,969,000 | 37,700,000 | 15,397,000 | 31,909,000 | 56,805,000 | 66,820,000 | 51,800,000 | 20,001,000 | 29,935,000 | 20,021,000 | 20,023,000 | ||||||||||||||
purchases of property and equipment | -93,000 | -80,000 | 54,000 | -50,000 | -364,000 | -309,000 | -1,588,000 | -1,930,000 | -2,035,000 | -4,647,000 | -4,655,000 | -4,119,000 | -3,015,000 | -3,003,000 | -503,000 | -2,897,000 | -1,955,000 | -2,713,000 | -3,458,000 | -1,121,000 | -328,000 | -13,653,000 | 161,000 | -1,908,000 | -5,207,000 | -9,254,000 | -6,710,000 | -6,545,000 | -760,000 | -883,000 | -453,000 | -109,000 | -8,000 | 0 | -17,000 | -53,000 | -108,000 | -221,000 | -15,000 | ||||||
net cash from investing activities | 17,448,000 | 36,425,000 | 93,616,000 | 31,761,000 | -58,035,000 | -37,871,000 | 78,919,000 | 55,624,000 | 35,034,000 | -140,805,000 | 48,254,000 | 31,206,000 | -36,721,000 | -108,585,000 | 23,465,000 | 78,789,000 | -62,995,000 | 16,864,000 | -18,189,000 | 49,352,000 | -29,174,000 | -54,462,000 | -64,193,000 | -5,435,000 | 27,499,000 | 23,514,000 | 35,180,000 | -126,880,000 | 29,175,000 | 19,049,000 | -2,985,000 | -107,414,000 | 86,078,000 | 32,562,000 | 27,137,000 | 8,222,000 | 7,094,000 | -42,281,000 | 4,931,000 | -16,366,000 | -12,343,000 | ||||
financing activities: | |||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -1,000 | 0 | -67,000 | 182,849,000 | 176,000 | 1,530,000 | 1,184,000 | 391,000 | 189,485,000 | 182,000 | 18,343,000 | 108,440,000 | 29,526,000 | 17,246,000 | 76,000 | 1,136,000 | 26,638,000 | 1,115,000 | 8,792,000 | 282,443,000 | 512,000 | 151,000 | -117,000 | 92,407,000 | 31,000 | 74,835,000 | 149,000 | 0 | 78,518,000 | -16,000 | 48,686,000 | ||||||||||||||
net change in cash, cash equivalents and restricted cash | -27,947,000 | 1,585,000 | 43,129,000 | -16,988,000 | -113,825,000 | 98,036,000 | 26,992,000 | 3,331,000 | -20,638,000 | -169,753,000 | 180,591,000 | -19,481,000 | -75,938,000 | -56,166,000 | 9,132,000 | 56,996,000 | -102,142,000 | -12,941,000 | -18,964,000 | 11,941,000 | -44,665,000 | 214,872,000 | -80,934,000 | -27,317,000 | 5,137,000 | 96,188,000 | 24,362,000 | -59,631,000 | 13,198,000 | 73,070,000 | -14,471,000 | ||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 78,898,000 | 0 | 0 | 0 | 164,997,000 | 0 | 0 | 0 | 57,276,000 | 0 | 0 | 0 | 141,857,000 | 0 | 0 | 0 | 234,037,000 | 0 | 0 | 0 | 298,666,000 | 0 | 0 | 0 | 186,908,000 | 0 | 0 | 112,791,000 | 0 | 0 | 18,349,000 | ||||||||||||||
cash, cash equivalents and restricted cash at end of period | 50,951,000 | 1,585,000 | 43,129,000 | -16,988,000 | 51,172,000 | 98,036,000 | 26,992,000 | 3,331,000 | 36,638,000 | -169,753,000 | 180,591,000 | -19,481,000 | 65,919,000 | -56,166,000 | 9,132,000 | 56,996,000 | 131,895,000 | -12,941,000 | -18,964,000 | 11,941,000 | 254,001,000 | 214,872,000 | -80,934,000 | -27,317,000 | 192,045,000 | 24,362,000 | -59,631,000 | 125,989,000 | -14,471,000 | -117,152,000 | 171,344,000 | ||||||||||||||
supplemental disclosure of non-cash financing and investing activities: | |||||||||||||||||||||||||||||||||||||||||||||
accrued purchases of property and equipment, ending balance | 51,000 | -80,000 | -771,000 | 113,000 | 923,000 | -593,000 | 405,000 | -529,000 | 1,794,000 | ||||||||||||||||||||||||||||||||||||
impairment of operating lease right-of-use asset | |||||||||||||||||||||||||||||||||||||||||||||
change in fair value of warrant liabilities | 0 | 0 | 0 | -267,000 | |||||||||||||||||||||||||||||||||||||||||
issuance of common stock, net of issuance costs | 1,000 | 0 | 279,889,000 | 587,000 | |||||||||||||||||||||||||||||||||||||||||
issuance of common stock pursuant to exercise of stock options | |||||||||||||||||||||||||||||||||||||||||||||
return of related party short-swing profits | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
repurchase of restricted stock units to satisfy tax withholding | 0 | ||||||||||||||||||||||||||||||||||||||||||||
receivables from sale of property and equipment, ending balance | |||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 0 | 0 | 0 | 1,134,000 | 2,809,000 | 18,000 | 5,000 | 97,000 | -24,000 | -32,000 | -31,000 | -33,000 | -28,000 | -33,000 | 65,000 | -15,000 | -25,000 | -20,000 | 358,000 | -452,000 | -25,000 | -22,000 | 170,000 | -210,000 | |||||||||||||||||||||
operating lease right-of-use assets | |||||||||||||||||||||||||||||||||||||||||||||
net unrealized loss on investments | -22,000 | 98,000 | -80,000 | -93,000 | |||||||||||||||||||||||||||||||||||||||||
operating lease right of use assets | |||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock, pursuant to exercise of stock options | 321,000 | 176,000 | 1,530,000 | 1,184,000 | 390,000 | 545,000 | 182,000 | 1,114,000 | 323,000 | 229,000 | 3,000 | 76,000 | 1,136,000 | 284,000 | 1,115,000 | 8,792,000 | |||||||||||||||||||||||||||||
investment maturity receivables and purchase payables, ending balance | -576,000 | 8,648,000 | |||||||||||||||||||||||||||||||||||||||||||
impairment of acquired intangible asset | 0 | ||||||||||||||||||||||||||||||||||||||||||||
write down of property and equipment | 20,000 | 59,000 | 0 | 137,000 | 40,000 | 357,000 | 0 | -1,000 | 63,000 | ||||||||||||||||||||||||||||||||||||
accretion of discount and amortization of premium on investments | |||||||||||||||||||||||||||||||||||||||||||||
cash proceeds from acquisition of business, net of cash paid | |||||||||||||||||||||||||||||||||||||||||||||
payments made to acquire right of use asset | 0 | 0 | -29,000 | -7,000 | -77,000 | 43,000 | -1,913,000 | -3,808,000 | -2,201,000 | -530,000 | |||||||||||||||||||||||||||||||||||
treasury stock repurchase | |||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock, pursuant to sale of treasury stock | 0 | ||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock, pursuant to the at-the-market offering program, net of issuance costs | 0 | ||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock, pursuant to exercise of warrants | 0 | ||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on investments | -454,000 | 267,000 | -64,000 | -16,000 | -111,000 | -160,000 | 304,000 | -95,000 | -97,000 | -27,000 | 233,000 | 38,000 | |||||||||||||||||||||||||||||||||
issuance of common stock related to acquisition | |||||||||||||||||||||||||||||||||||||||||||||
reclassification of construction in process from finance right of use asset | |||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on investments | 431,000 | 214,000 | 239,000 | 169,000 | -136,000 | -468,000 | -33,000 | ||||||||||||||||||||||||||||||||||||||
accretion of discount on convertible notes | 1,000 | 47,000 | 116,000 | 589,000 | 673,000 | 669,000 | 572,000 | 844,000 | 952,000 | 917,000 | 883,000 | 850,000 | 818,000 | 787,000 | 758,000 | 696,000 | |||||||||||||||||||||||||||||
expense in connection with warrant issuance | |||||||||||||||||||||||||||||||||||||||||||||
operating lease liability and right of use asset | |||||||||||||||||||||||||||||||||||||||||||||
conversion of convertible notes into common stock | |||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 0 | -1,199,000 | 0 | 1,347,000 | 0 | 1,465,000 | 0 | 1,495,000 | 0 | 1,495,000 | 0 | 1,495,000 | 1,495,000 | 1,495,000 | 0 | 1,495,000 | 0 | 1,495,000 | 0 | 1,462,000 | 0 | 0 | 0 | 89,000 | |||||||||||||||||||||
amortization of premium and accretion of discount on investments | -2,245,000 | -2,488,000 | -2,343,000 | ||||||||||||||||||||||||||||||||||||||||||
exercise of warrants | 0 | 7,000 | |||||||||||||||||||||||||||||||||||||||||||
issuance of common stock pursuant to the at-the-market offering program, net of issuance costs | 0 | 17,222,000 | 26,000 | 29,297,000 | |||||||||||||||||||||||||||||||||||||||||
amortization of right of use asset | 535,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization of premium on investments | |||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of acquisition: | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of treasury stock, net of cash paid | |||||||||||||||||||||||||||||||||||||||||||||
payment of withholding tax on option exercise | 0 | -76,000 | |||||||||||||||||||||||||||||||||||||||||||
convertible notes refinancing costs to the lender | 0 | 0 | -139,000 | -98,000 | |||||||||||||||||||||||||||||||||||||||||
finance lease right of use asset and lease liability | 0 | 0 | 0 | 20,179,000 | |||||||||||||||||||||||||||||||||||||||||
right of use asset | 535,000 | ||||||||||||||||||||||||||||||||||||||||||||
accrued purchases of property and equipment | 1,342,000 | -1,230,000 | 1,635,000 | -378,000 | -166,000 | 935,000 | 337,000 | -4,171,000 | 1,669,000 | 1,162,000 | 2,796,000 | 889,000 | 2,819,000 | -3,676,000 | 4,392,000 | ||||||||||||||||||||||||||||||
unrealized loss on marketable securities | |||||||||||||||||||||||||||||||||||||||||||||
other long term liabilities | -14,000 | -15,000 | -14,000 | -13,000 | -15,000 | -14,000 | |||||||||||||||||||||||||||||||||||||||
reclassification of construction in process to finance right of use asset | 59,000 | 325,000 | |||||||||||||||||||||||||||||||||||||||||||
expense in connection with warrant issuances | |||||||||||||||||||||||||||||||||||||||||||||
accretion of discount (amortization of premium) on investments | 620,000 | 274,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock repurchase | 0 | 0 | 0 | -72,000 | 0 | ||||||||||||||||||||||||||||||||||||||||
proceeds from sale of treasury stock | 0 | 0 | 538,000 | 53,000 | |||||||||||||||||||||||||||||||||||||||||
payment of withholding tax on option exercises | |||||||||||||||||||||||||||||||||||||||||||||
retirement of treasury stock | 72,000 | 0 | -2,000 | 0 | 1,395,000 | ||||||||||||||||||||||||||||||||||||||||
treasury stock purchases paid in prior year | |||||||||||||||||||||||||||||||||||||||||||||
withholding tax payable on shares withheld in treasury stock | |||||||||||||||||||||||||||||||||||||||||||||
conversion of 2021 and 2022 convertible notes into common stock | 81,387,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 0 | ||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization expense | 808,000 | 706,000 | 674,000 | 630,000 | 273,000 | ||||||||||||||||||||||||||||||||||||||||
purchases of internal use software | -423,000 | -278,000 | -280,000 | -88,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of options | -1,000 | ||||||||||||||||||||||||||||||||||||||||||||
accrued purchases of internal use software | -96,000 | -189,000 | 311,000 | 200,000 | -22,000 | -52,000 | 174,000 | ||||||||||||||||||||||||||||||||||||||
reclassification of construction in process (from) to finance right of use asset | |||||||||||||||||||||||||||||||||||||||||||||
witholding tax payable on shares witheld in treasury stock | 429,000 | ||||||||||||||||||||||||||||||||||||||||||||
expense in connection with warrant issue | |||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of property and equipment | 5,000 | 107,000 | |||||||||||||||||||||||||||||||||||||||||||
cash acquired in connection with the reverse merger | 0 | 0 | 0 | 76,348,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | 0 | 0 | 0 | 20,000 | |||||||||||||||||||||||||||||||||||||||||
payment of security deposit | -89,000 | ||||||||||||||||||||||||||||||||||||||||||||
conversion of convertible preferred stock into common stock | 0 | 0 | 0 | 41,466,000 | |||||||||||||||||||||||||||||||||||||||||
net exercise of options | 0 | ||||||||||||||||||||||||||||||||||||||||||||
reclassification of construction in process of finance right of use asset | 0 | 0 | 26,465,000 | ||||||||||||||||||||||||||||||||||||||||||
increase in lease liability | |||||||||||||||||||||||||||||||||||||||||||||
depreciation expense | 118,000 | 101,000 | 121,000 | 102,000 | 102,000 | 97,000 | 76,000 | 74,000 | 83,000 | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of issuance costs | 91,680,000 | 0 | 75,504,000 | 0 | 0 | 78,518,000 | |||||||||||||||||||||||||||||||||||||||
payment of witholding tax on option exercise | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 2,693,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization of operating lease right-of-use assets | 190,000 | ||||||||||||||||||||||||||||||||||||||||||||
share-based compensation expense | 3,180,000 | 2,821,000 | 2,612,000 | 2,786,000 | 5,382,000 | ||||||||||||||||||||||||||||||||||||||||
amortization of premium on short term investments | 12,000 | ||||||||||||||||||||||||||||||||||||||||||||
series a preferred shares issued for services | |||||||||||||||||||||||||||||||||||||||||||||
deferred rent | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of series a convertible preferred shares net | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of series b convertible preferred shares net | |||||||||||||||||||||||||||||||||||||||||||||
payments from related party payable | |||||||||||||||||||||||||||||||||||||||||||||
payment to acquire treasury stock | |||||||||||||||||||||||||||||||||||||||||||||
(increase in) / reduction of lease liability | -71,000 | ||||||||||||||||||||||||||||||||||||||||||||
accrued research and development costs | -1,332,000 | -714,000 | 116,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible preferred stock | |||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash financing activities: | |||||||||||||||||||||||||||||||||||||||||||||
reduction of lease liability | -20,000 | ||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses | -266,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of short term investments | 9,718,000 | ||||||||||||||||||||||||||||||||||||||||||||
net change in cash and restricted cash | 152,995,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
noncash interest expense | 151,000 | 148,000 | 143,000 | 139,000 | 140,000 | 0 | 555,000 | 303,000 | 274,000 | ||||||||||||||||||||||||||||||||||||
noncash rent | -14,000 | ||||||||||||||||||||||||||||||||||||||||||||
noncash asset impairment charge | 14,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization of premium on marketable securities | 33,000 | 51,000 | 62,000 | 71,000 | 61,000 | 52,000 | 69,000 | 43,000 | |||||||||||||||||||||||||||||||||||||
depreciation | 38,000 | 38,000 | 63,000 | 61,000 | 58,000 | 39,000 | 35,000 | 37,000 | 38,000 | 6,000 | |||||||||||||||||||||||||||||||||||
accounts payable | 68,000 | 15,000 | -1,534,000 | 310,000 | -185,000 | 856,000 | -455,000 | -257,000 | -76,000 | 896,000 | -487,000 | 154,000 | |||||||||||||||||||||||||||||||||
accrued expenses and other liabilities | 229,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||
purchases of short-term investments | 0 | 0 | -14,482,000 | -12,722,000 | -53,207,000 | -11,656,000 | -33,253,000 | -24,161,000 | |||||||||||||||||||||||||||||||||||||
proceeds from the maturities of short-term investments | 32,562,000 | 27,137,000 | 22,721,000 | 19,869,000 | 11,069,000 | 16,695,000 | 17,108,000 | 11,833,000 | |||||||||||||||||||||||||||||||||||||
purchase of property and equipment | -94,000 | -288,000 | |||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of 2021 convertible notes | 0 | ||||||||||||||||||||||||||||||||||||||||||||
payments of 2021 convertible notes issuance costs | 0 | ||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of common stock | 0 | -52,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock pursuant to stock option plans | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock pursuant to employee stock purchase plan | |||||||||||||||||||||||||||||||||||||||||||||
payments made for taxes of employees who surrendered shares related to settlement of restricted stock | |||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities: | -40,000 | 51,514,000 | |||||||||||||||||||||||||||||||||||||||||||
net change in cash and cash equivalents | 29,574,000 | 21,536,000 | 2,337,000 | -4,525,000 | -53,206,000 | 44,485,000 | -20,187,000 | -21,336,000 | -9,206,000 | 40,236,000 | -4,127,000 | 49,521,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 29,798,000 | 0 | 0 | 0 | 80,042,000 | 0 | 0 | 0 | 3,618,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 29,574,000 | 21,536,000 | 2,337,000 | 25,273,000 | -53,206,000 | 44,485,000 | -20,187,000 | 58,706,000 | -9,206,000 | 40,236,000 | -4,127,000 | 53,139,000 | |||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of noncash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||
net unrealized gain on marketable securities | 9,000 | 47,000 | 0 | -18,000 | -15,000 | 17,000 | 11,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock pursuant to stock option plans | 0 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock pursuant to employee stock purchase plan | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
payments made for taxes of employees who surrendered shares related to unrestricted stock | |||||||||||||||||||||||||||||||||||||||||||||
noncash rent expense | -15,000 | -15,000 | -14,000 | ||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other current liabilities | 282,000 | -2,254,000 | 1,453,000 | 1,017,000 | -88,000 | 730,000 | 951,000 | -164,000 | 481,000 | 170,000 | |||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 3,717,000 | 0 | 522,000 | |||||||||||||||||||||||||||||||||||||||||
change in fair value of convertible bridge notes redemption rights derivative | 0 | 0 | 0 | -480,000 | |||||||||||||||||||||||||||||||||||||||||
change in fair value of 2020 convertible notes derivative liability | 0 | 46,649,000 | |||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of common stock in initial public offering | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of 2020 convertible notes in initial public offering | 0 | 21,000,000 | |||||||||||||||||||||||||||||||||||||||||||
payments of 2020 convertible notes issuance costs | 0 | 0 | 0 | -1,841,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock pursuant to stock option plan | |||||||||||||||||||||||||||||||||||||||||||||
principal payments on notes payable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
acquisition of leasehold improvements | 0 | ||||||||||||||||||||||||||||||||||||||||||||
conversion of series aa preferred stock into common stock upon initial public offering | 1,000 | 0 | 0 | 46,383,000 | |||||||||||||||||||||||||||||||||||||||||
conversion of series x preferred stock into common stock upon initial public offering | 0 | 0 | 0 | 548,000 | |||||||||||||||||||||||||||||||||||||||||
conversion of convertible bridge notes into common stock upon initial public offering | -1,000 | 0 | 0 | 2,028,000 | |||||||||||||||||||||||||||||||||||||||||
conversion of 2020 convertible notes into common stock | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||
accretion of series aa preferred stock to redemption value | 1,000 | 0 | 0 | 130,000 | |||||||||||||||||||||||||||||||||||||||||
reclassification of fair value of warrant liability to equity upon initial public offering | 0 | 0 | 0 | 215,000 | |||||||||||||||||||||||||||||||||||||||||
reclassification of deferred public offering costs to stockholders’ equity | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
reclassification of deferred public offering costs to other assets | 0 | 0 | 0 | 256,000 | |||||||||||||||||||||||||||||||||||||||||
net unrealized loss on marketable securities | |||||||||||||||||||||||||||||||||||||||||||||
reclassification of deferred public offering costs to stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||
deferred rent and lease incentives | -15,000 | -16,000 | |||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to cash used by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | -4,576,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of common stock in follow-on public offering | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of shares pursuant to stock option plans | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of shares pursuant to employee stock purchase plan | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of warrants for series aa preferred stock | |||||||||||||||||||||||||||||||||||||||||||||
accrual of series aa preferred stock dividends | |||||||||||||||||||||||||||||||||||||||||||||
reclassification of fair value of warrant liability related to exercise of preferred stock warrants | |||||||||||||||||||||||||||||||||||||||||||||
unrealized comprehensive loss on marketable securities | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock in initial public offering, net of issuance costs | -30,000 | -40,000 | 38,155,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock in follow-on public offering, net of issuance costs | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of 2020 convertible notes in initial public offering, net of underwriting discounts | |||||||||||||||||||||||||||||||||||||||||||||
change in fair value of 2020 convertible notes derivative | -1,997,000 | ||||||||||||||||||||||||||||||||||||||||||||
principal and termination payments on notes payable | -5,800,000 | ||||||||||||||||||||||||||||||||||||||||||||
reclassification of deferred public offering costs to stockholders’s equity | 1,590,000 | ||||||||||||||||||||||||||||||||||||||||||||
change in fair value of warrant liabilities and convertible notes redemption rights derivative | |||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of notes payable and series aa preferred stock warrants | |||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of series aa preferred stock and series aa preferred stock warrants | |||||||||||||||||||||||||||||||||||||||||||||
issuance of 2,677,731 shares of series aa preferred stock upon conversion of convertible notes and accrued interest | |||||||||||||||||||||||||||||||||||||||||||||
conversion of series aa preferred stock to common stock |
