Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
| Cash flows from operating activities: |
|
|
|
| Net loss |
$ 62,742
|
$ 22,370
|
$ 29,086
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
| Depreciation and amortization |
1,973
|
379
|
59
|
| Amortization of debt issuance costs |
175
|
0
|
0
|
| Warrant issuance cost and change in fair value |
(31,784)
|
0
|
0
|
| Stock-based compensation |
27,405
|
2,977
|
3,404
|
| Decrease (increase) in accounts receivable |
402
|
(5,017)
|
(840)
|
| Increase in other current assets |
(8,053)
|
(695)
|
(216)
|
| Increase in accounts payable |
503
|
2,561
|
3,277
|
| Increase in deferred revenues |
2,014
|
2,028
|
1,193
|
| Increase in accrued expenses and other current liabilities |
4,396
|
4,962
|
1,017
|
| Net cash used in operating activities |
(65,711)
|
(15,175)
|
(21,192)
|
| Cash flows from investing activities: |
|
|
|
| Purchase of property and equipment |
(663)
|
(126)
|
(138)
|
| Acquisition of business |
0
|
(10,685)
|
0
|
| Purchase of an intangible asset |
0
|
(939)
|
0
|
| Proceeds from restricted long-term bank deposit |
0
|
447
|
0
|
| Net cash used in investing activities |
(663)
|
(11,303)
|
(138)
|
| Cash flows from financing activities: |
|
|
|
| Proceeds from reverse capitalization, net of transaction costs |
249,334
|
0
|
0
|
| Proceeds from issuance of convertible preferred stock, net |
0
|
0
|
51,204
|
| Proceeds from borrowings |
6,000
|
0
|
0
|
| Repayment of borrowings |
(6,000)
|
0
|
0
|
| Payment of debt issuance costs |
(50)
|
0
|
0
|
| Proceeds from exercise of stock options |
2,098
|
94
|
297
|
| Net cash provided by financing activities |
251,382
|
94
|
51,501
|
| Net increase (decrease) in cash and cash equivalents |
185,008
|
(26,384)
|
30,171
|
| Cash and cash equivalents at the beginning of the year |
13,248
|
39,632
|
9,461
|
| Cash and cash equivalents at the end of the year |
198,256
|
13,248
|
39,632
|
| Supplemental cash flow data: |
|
|
|
| Cash paid during the year for interest |
538
|
37
|
45
|
| Non-cash financing activity: |
|
|
|
| Employee taxes withheld related to restricted stock units vested |
491
|
0
|
0
|
| Deferred issuance cost on credit |
0
|
692
|
0
|
| Conversion of preferred stock to common stock |
$ 111,282
|
$ 0
|
$ 0
|