v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net loss $ (40,373) $ (30,471)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 7,687 3,861
Depreciation on property and equipment 44 26
Non-cash lease expense 279 274
Other non-cash items 0 571
Changes in operating assets and liabilities:    
Accounts receivable (947) (210)
Prepaid expenses and other current assets (9,201) 3,249
Accounts payable (17,485) 675
Accrued expenses (5,542) 1,171
Operating lease liabilities (281) (360)
Net cash used in operating activities (65,819) (21,214)
Cash flows from investing activities    
Purchase of property and equipment (42) (18)
Net cash used in investing activities (42) (18)
Cash flows from financing activities    
Capital contributions 0 91
Proceeds from stock options exercised 21 0
Net cash provided by financing activities 21 91
Effect of exchange rate changes on cash (772) 0
Net change in cash (66,612) (21,141)
Cash – beginning of period 493,817 400,146
Cash – end of period $ 427,205 $ 379,005

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