| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net loss | ||||||
-145,437 | -36,556 | -10,406 | -33,809 | |||
Items not involving cash: | ||||||
Depreciation and amortization of property and equipment | ||||||
2,312 | 1,880 | 1,681 | 541 | |||
Amortization of intangible assets | ||||||
3,113 | 1,750 | 1,058 | 484 | |||
Impairment on acquired IPR&D | ||||||
768 | - | 1,536 | 768 | |||
Stock-based compensation (recovery) expense | ||||||
48,996 | 13,441 | 3,429 | 4,291 | |||
Amortization of operating lease right-of-use assets | ||||||
1,906 | - | - | - | |||
Deferred income tax expense | ||||||
726 | 17 | -15 | -5,505 | |||
Change in fair value of contingent consideration | ||||||
271 | 237 | 470 | - | |||
Change in fair value of warrant liabilities (note 10) | ||||||
- | 3,565 | -2,450 | 808 | |||
Equity loss on investment | ||||||
- | - | - | -98 | |||
Gain on fair value of equity investment | ||||||
- | - | - | 177 | |||
Accretion on long-term debt | ||||||
- | - | 248 | 576 | |||
Loss on debt extinguishment | ||||||
- | - | -3,114 | - | |||
Unrealized foreign exchange (gain) loss | ||||||
-504 | 48 | 254 | 954 | |||
Changes in non-cash operating working capital: | ||||||
Accounts receivable | ||||||
1,828 | 119 | -2,409 | 592 | |||
SR&ED receivables | ||||||
- | - | - | 780 | |||
Prepaid expenses and other current assets | ||||||
8,680 | 251 | 202 | 3,141 | |||
Accounts payable and accrued liabilities | ||||||
21,572 | 3,684 | -358 | 1,934 | |||
Operating lease liabilities | ||||||
-795 | - | - | - | |||
Deferred revenue | ||||||
-3,530 | 36,471 | - | - | |||
Income taxes payable | ||||||
-299 | 140 | -71 | 212 | |||
Net cash used in operating activities | ||||||
-81,853 | 24,177 | 219 | -35,246 | |||
Cash flows from financing activities: | ||||||
Proceeds from initial public offering, net of issuance costs (note 11a) | ||||||
- | - | 55,791 | - | |||
Proceeds from subsequent public offerings, net of issuance costs (note 11a) | ||||||
188,231 | 90,752 | - | - | |||
Issuance of preferred shares from private placement, net of issuance costs | ||||||
- | - | - | 58,860 | |||
Issuance of common shares on exercise of options (note 8e) | ||||||
5,498 | 682 | 965 | 17 | |||
Issuance of common shares on exercise of warrants (note 10) | ||||||
- | - | 1,018 | - | |||
Issuance of common shares through employee stock purchase plan | ||||||
598 | 233 | - | - | |||
Debt financing (note 9a) | ||||||
- | - | - | 6,953 | |||
Repayment of debt (note 10) | ||||||
- | - | 7,814 | - | |||
Deferred financing fees | ||||||
650 | 225 | - | 1,046 | |||
Finance lease payments | ||||||
16 | 11 | 9 | 7 | |||
Net cash provided by financing activities | ||||||
193,661 | 91,431 | 49,951 | 64,777 | |||
Cash flows from investing activities: | ||||||
Purchase of short-term investments | ||||||
11,714 | 105,626 | 27,767 | 20,067 | |||
Acquisition of property and equipment | ||||||
6,322 | 803 | 2,015 | 4,425 | |||
Acquisition of intangible assets | ||||||
7,556 | 2,617 | 1,106 | 1,039 | |||
Cash acquired from Kairos, net of cash consideration | ||||||
- | - | - | -78 | |||
Net cash (used in) provided by investing activities | ||||||
-25,592 | -109,046 | -30,888 | -25,453 | |||
Effect of exchange rate changes on cash and cash equivalents | ||||||
30 | -303 | 227 | 840 | |||
Net change in cash and cash equivalents | ||||||
86,246 | 6,259 | 19,509 | 4,918 | |||
Supplemental disclosure of non-cash investing and financing items: | ||||||
Leased assets obtained in exchange for operating lease liabilities | ||||||
7,026 | - | - | - | |||
Share issue costs and deferred financing fees in accounts payable and accrued liabilities | ||||||
- | - | - | 910 | |||
Acquisition of property and equipment in accounts payable and accrued liabilities | ||||||
607 | 382 | 123 | 2,055 | |||
Cashless exercise of warrants (note 10) | ||||||
- | 4,913 | - | - | |||
Class A Preferred Shares Warrant issued in connection with debt | ||||||
- | - | - | 3,266 | |||
Common Shares issued in connection with the Kairos acquisition | ||||||
- | - | - | 22,973 | |||