Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (33,005) $ (26,417)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 893 63
Stock-based compensation 2,794 2,620
Changes in operating assets and liabilities:    
Prepaid expenses and other (1,206) (2,166)
Accounts payable 575 (3,113)
Lease liabilities and ROU asset, net (5) (1)
Accrued expenses and other current liabilities (2,957) (2,032)
Net cash used in operating activities (32,911) (31,046)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (3,799) (20,217)
Net cash used in investing activities (3,799) (20,217)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of common stock (13,965)
Proceeds from ESPP 29 40
Proceeds, net of expenses of $101 and $8,328, from sale of common stock and warrants 2,436 13,023
Net cash (used in) provided by financing activities (11,500) 13,063
Effect of currency rate change on cash (43) (25)
Net decrease in cash, cash equivalents and restricted cash (48,253) (38,225)
Cash, cash equivalents and restricted cash beginning of the period 120,470 178,900
Cash, cash equivalents and restricted cash end of period 72,217 140,675
Non-cash financing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities $ 363 $ (1,124)