Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 02, 2022
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 385,293 $ 29,143
Deferred contract costs 4,554 2,955
Prepaid expenses and other current assets 8,274 946
Total current assets 398,121 33,044
Property and equipment, net 76,613 31,290
Operating lease, right-of-use assets 6,669 0
Deferred contract costs, non-current   495
Other assets, non-current 1,162 135
Total assets 482,565 64,964
Current liabilities:    
Accounts payable 3,144 2,083
Accrued expenses 7,109 1,999
Accrued compensation 4,101 1,268
Deferred revenue 5,575 5,410
Other liabilities 707 108
Total current liabilities 20,636 10,868
Deferred rent, non-current   1,567
Warrant liability 124,260 15,995
Operating lease liabilities, non-current 9,071 0
Deferred revenue, non-current 2,290 85
Other liabilities, non-current 191 233
Total liabilities 156,448 28,748
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 152,272,287 and 100,016,559 as of January 2, 2022 and December 31, 2020, respectively 15 10
Preferred stock, $0.0001 par value; authorized shares of 10,000,000 and 0 as of January 2, 2022 and December 31, 2020; none issued and outstanding shares as of January 2, 2022 and December 31, 2020, respectively 0 0
Additional paid-in-capital 659,254 243,484
Accumulated deficit (333,152) (207,278)
Total stockholders’ equity 326,117 36,216
Total liabilities, convertible preferred stock and stockholders’ equity $ 482,565 $ 64,964