| Dec'19 | Dec'18 | |||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-55,151 | -28,310 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization of property and equipment | ||||||
902 | 645 | |||||
Amortization of intangible assets | ||||||
236 | 109 | |||||
Foreign exchange gain | ||||||
1,068 | 6,139 | |||||
Stock-based compensation expense | ||||||
7,834 | 9,754 | |||||
Amortization of discount on investments | ||||||
531 | 559 | |||||
Deferred tax expense | ||||||
-89 | -212 | |||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
-633 | 1,573 | |||||
Operating lease right-of-use assets and lease obligations | ||||||
112 | -78 | |||||
Prepaid expenses and other current assets | ||||||
1,029 | 2,830 | |||||
Accounts payable | ||||||
22 | -133 | |||||
Accrued expenses | ||||||
3,317 | -25 | |||||
Deferred revenue | ||||||
-18,012 | -16,901 | |||||
Net cash used in operating activities | ||||||
-63,048 | -46,096 | |||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Purchases of marketable securities | ||||||
60,413 | 89,735 | |||||
Proceeds from maturities of marketable securities | ||||||
87,183 | 68,914 | |||||
Purchases of intangible assets | ||||||
375 | 2,510 | |||||
Purchases of property and equipment | ||||||
2,223 | 1,834 | |||||
Net cash (used in) provided by investing activities | ||||||
24,172 | -25,165 | |||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from issuance of common stock, net of issuance costs | ||||||
74,184 | 62,008 | |||||
Proceeds from stock options exercised | ||||||
48 | 1,035 | |||||
Net cash provided by financing activities | ||||||
74,232 | 63,043 | |||||
Foreign exchange impact on cash, cash equivalents and restricted cash | ||||||
-2,273 | -6,557 | |||||
Net decrease in cash, cash equivalents and restricted cash | ||||||
33,083 | -14,775 | |||||
SUPPLEMENTAL DISCLOSURES: | ||||||
Non-cash lease obligations acquired from operating lease right-of-use assets | ||||||
3,875 | 1,663 | |||||
Non-cash purchases of property, equipment and intangibles | ||||||
187 | 553 | |||||
Non-cash financing costs | ||||||
164 | 0 | |||||
Income taxes paid | ||||||
320 | 737 | |||||