v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Net loss $ (73,937) $ (40,373)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 10,688 7,687
Depreciation on property and equipment 53 44
Non-cash lease expense 290 279
Changes in operating assets and liabilities:    
Accounts receivable (142) (947)
Prepaid expenses and other current assets 8,262 (9,201)
Accounts payable 25,011 (17,485)
Accrued expenses (17,294) (5,542)
Operating lease liabilities (301) (281)
Net cash used in operating activities (47,370) (65,819)
Cash flows from investing activities    
Purchase of property and equipment (45) (42)
Net cash used in investing activities (45) (42)
Cash flows from financing activities    
Proceeds from stock options exercised 890 21
Net cash provided by financing activities 890 21
Effect of exchange rate changes on cash and cash equivalents (47) (772)
Net change in cash and cash equivalents (46,572) (66,612)
Cash and cash equivalents – beginning of period 376,532 493,817
Cash and cash equivalents – end of period $ 329,960 $ 427,205

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