Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Oct. 03, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 338,746,000 $ 29,143,000
Deferred contract costs 4,371,000 2,955,000
Prepaid expenses and other current assets 3,771,000 946,000
Total current assets 346,888,000 33,044,000
Property and equipment, net 61,596,000 31,290,000
Operating lease, right-of-use assets 6,796,000 0
Deferred contract costs, non-current 0 495,000
Other assets, non-current 141,000 135,000
Total assets 415,421,000 64,964,000
Current liabilities:    
Accounts payable 1,713,000 2,083,000
Accrued expenses 4,520,000 1,999,000
Accrued compensation 3,107,000 1,268,000
Deferred revenue 5,495,000 5,410,000
Other liabilities 660,000 108,000
Total current liabilities 15,495,000 10,868,000
Deferred rent, non-current 0 1,567,000
Warrant liability 64,440,000 15,995,000
Operating lease liabilities, non-current 9,263,000 0
Deferred revenue, non-current 2,290,000 85,000
Other liabilities, non-current 227,000 233,000
Total liabilities 91,715,000 28,748,000
Commitments and Contingencies (Note 8)
Stockholders' equity:    
Common stock, $0.0001 par value; authorized shares of 1,000,000,000; issued and outstanding shares of 145,185,904 and 100,016,559 as of October 3, 2021 and December 31, 2020, respectively 14,000 10,000
Preferred stock, $0.0001 par value; authorized shares of 10,000,000 and 0 as of October 3, 2021 and December 31, 2020; none issued and outstanding shares as of October 3, 2021 and December 31, 2020, respectively 0 0
Additional paid in capital 572,276,000 243,484,000
Accumulated deficit (248,584,000) (207,278,000)
Total stockholders' equity 323,706,000 36,216,000
Total liabilities, convertible preferred stock and stockholders' equity $ 415,421,000 $ 64,964,000