10-Q Filing

IRHYTHM TECHNOLOGIES, INC. CIK: 1388658 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001388658-23-000051`
Period End Date	20230331
Filing Date	20230504
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	irtc-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 34 Cash Flow Statement 76 Stockholders Equity 21 Comprehensive Income 6

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$78.83M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$134.31M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$123.53M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$49.92M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$49.56M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory	`InventoryNet`	$16.39M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventory	`InventoryNet`	$15.15M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.55M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.61M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	30.46M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	30.19M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$288.77M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	30.19M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	30.46M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$253.89M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$82.21M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$75.67M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$60.67M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$59.30M	USD	Point-in-time
Goodwill	`Goodwill`	$862.00K	USD	Point-in-time
Goodwill	`Goodwill`	$862.00K	USD	Point-in-time
Total	`OtherAssetsNoncurrent`	$25.44M	USD	Point-in-time
Total	`OtherAssetsNoncurrent`	$22.25M	USD	Point-in-time
Total assets	`Assets`	$421.70M	USD	Point-in-time
Total assets	`Assets`	$448.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.52M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$65.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$54.61M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.05M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$3.49M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$13.03M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$14.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$81.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$89.10M	USD	Point-in-time
Debt, noncurrent portion	`LongTermDebtNoncurrent`	$34.94M	USD	Point-in-time
Debt, noncurrent portion	`LongTermDebtNoncurrent`	$34.94M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.01M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.31M	USD	Point-in-time
Operating lease liabilities, noncurrent portion	`OperatingLeaseLiabilityNoncurrent`	$82.01M	USD	Point-in-time
Operating lease liabilities, noncurrent portion	`OperatingLeaseLiabilityNoncurrent`	$83.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$208.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$199.87M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value - 5,000 shares authorized; none issued and outstanding at March 31, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value - 5,000 shares authorized; none issued and outstanding at March 31, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value - 100,000 shares authorized; 30,463 shares at March 31, 2023 and 30,193 at December 31, 2022 issued and outstanding	`CommonStockValue`	$30.00K	USD	Point-in-time
Common stock, $0.001 par value - 100,000 shares authorized; 30,463 shares at March 31, 2023 and 30,193 at December 31, 2022 issued and outstanding	`CommonStockValue`	$28.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$762.38M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$783.18M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-396.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-69.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-561.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-522.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$244.84M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$279.51M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$221.83M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$239.81M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$421.70M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$448.22M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$92.38M	USD	1 Quarter
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$111.44M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$30.62M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$35.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$75.68M	USD	1 Quarter
Gross profit	`GrossProfit`	$61.76M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$10.54M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$14.84M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$100.34M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$73.16M	USD	1 Quarter
Impairment and restructuring charges	`RestructuringCostsAndAssetImpairmentCharges`	$26.61M	USD	1 Quarter
Impairment and restructuring charges	`RestructuringCostsAndAssetImpairmentCharges`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$115.19M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$110.31M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-39.50M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-48.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.03M	USD	1 Quarter
Interest expense	`InterestExpense`	$950.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.43M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$16.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-39.02M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-50.56M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$87.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$47.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-50.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-39.11M	USD	1 Quarter
Net loss per common share, basic (in USD per share)	`EarningsPerShareBasic`	$-1.29	USD	1 Quarter
Net loss per common share, basic (in USD per share)	`EarningsPerShareBasic`	$-1.71	USD	1 Quarter
Net loss per common share, diluted (in USD per share)	`EarningsPerShareDiluted`	$-1.29	USD	1 Quarter
Net loss per common share, diluted (in USD per share)	`EarningsPerShareDiluted`	$-1.71	USD	1 Quarter
Weighted-average shares, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	29.60M	shares	1 Quarter
Weighted-average shares, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.30M	shares	1 Quarter
Weighted-average shares, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.60M	shares	1 Quarter
Weighted-average shares, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.30M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-39.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-50.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.58M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$18.25M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$13.90M	USD	1 Quarter
Amortization of premium and accretion of discounts on investments, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-432.00K	USD	1 Quarter
Amortization of premium and accretion of discounts on investments, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.14M	USD	1 Quarter
Provision for doubtful accounts and contractual allowances	`ProvisionForBadDebtAndContractualAllowance`	$21.43M	USD	1 Quarter
Provision for doubtful accounts and contractual allowances	`ProvisionForBadDebtAndContractualAllowance`	$14.02M	USD	1 Quarter
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$6.55M	USD	1 Quarter
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$1.36M	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	$23.16M	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	-	USD	1 Quarter
Other	`OtherNoncashExpense`	-	USD	1 Quarter
Other	`OtherNoncashExpense`	$176.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.88M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$21.06M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.40M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.38M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$146.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.05M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.19M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.06M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.26M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.31M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-9.43M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-11.23M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-116.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$435.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-59.00K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-6.17M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.88M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-30.75M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.42M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.57M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$33.76M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$45.97M	USD	1 Quarter
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$15.02M	USD	1 Quarter
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	-	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$28.00M	USD	1 Quarter
Maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$46.00M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.53M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.82M	USD	1 Quarter
Payment of loans	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payment of loans	`RepaymentsOfLongTermDebt`	$21.39M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Proceeds from term loan	`ProceedsFromIssuanceOfDebt`	$35.00M	USD	1 Quarter
Proceeds from issuance of common stock in connection with employee equity incentive plans	`ProceedsFromStockPlans`	$905.00K	USD	1 Quarter
Proceeds from issuance of common stock in connection with employee equity incentive plans	`ProceedsFromStockPlans`	$1.08M	USD	1 Quarter
Payments of issuance costs for long-term debt	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments of issuance costs for long-term debt	`PaymentsOfDebtIssuanceCosts`	$51.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$905.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.64M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-26.03M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-32.78M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$127.56M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$94.79M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.83M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$52.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$127.56M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$94.79M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$78.83M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$52.80M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$678.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$1.97M	USD	1 Quarter
Cash taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash taxes paid	`IncomeTaxesPaidNet`	$8.00K	USD	1 Quarter
Cash received from tenant improvement allowances	`PaymentsForProceedsFromTenantAllowance`	-	USD	1 Quarter
Cash received from tenant improvement allowances	`PaymentsForProceedsFromTenantAllowance`	$-1.60M	USD	1 Quarter
Property and equipment costs included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$225.00K	USD	1 Quarter
Property and equipment costs included in accounts payable and accrued liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$203.00K	USD	1 Quarter
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$7.67M	USD	1 Quarter
Capitalized stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$1.65M	USD	1 Quarter
Capitalized stock-based compensation	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$1.25M	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	30.19M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	30.46M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$244.84M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$279.51M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$221.83M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$239.81M	USD	Point-in-time
Issuance of common stock in connection with employee equity incentive plans, net (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	16,696.00	shares	1 Quarter
Issuance of common stock in connection with employee equity incentive plans, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$905.00K	USD	1 Quarter
Issuance of common stock in connection with employee equity incentive plans, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.08M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$19.90M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.15M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-50.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-39.11M	USD	1 Quarter
Net change in unrealized gain (loss) on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$327.00K	USD	1 Quarter
Net change in unrealized gain (loss) on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-292.00K	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	30.19M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	30.46M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$244.84M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$279.51M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$221.83M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$239.81M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-50.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-39.11M	USD	1 Quarter
Net change in unrealized gain (loss) on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$327.00K	USD	1 Quarter
Net change in unrealized gain (loss) on short-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-292.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-38.78M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-50.90M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.