v3.24.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net loss $ (184,017) $ (151,528)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 31,437 24,750
Depreciation on property and equipment 167 139
Non-cash lease expense 878 844
Changes in operating assets and liabilities:    
Accounts receivable (437) 11,762
Prepaid expenses and other current assets 10,076 (14,297)
Accounts payable 2,392 (4,495)
Accrued expenses (14,110) 1,278
Operating lease liabilities (914) (853)
Net cash used in operating activities (154,528) (132,400)
Cash flows from investing activities    
Purchase of property and equipment (210) (171)
Net cash used in investing activities (210) (171)
Cash flows from financing activities    
Proceeds from issuance of common stock upon underwritten public offering and private placement   70,500
Payment of offering and private placement costs (6,012) (272)
Proceeds from stock options exercised 4,149 424
Net cash provided by financing activities 470,882 70,652
Effect of exchange rate changes on cash and cash equivalents (1,739) 710
Net change in cash and cash equivalents 314,405 (61,209)
Cash and cash equivalents – beginning of period 376,532 493,817
Cash and cash equivalents – end of period 690,937 $ 432,608
Underwritten Offering    
Cash flows from financing activities    
Proceeds from issuance of common stock upon underwritten public offering and private placement $ 472,745  

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