10-Q Filing

RAPID7, INC. CIK: 1560327 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001560327-19-000071`
Period End Date	20190331
Filing Date	20190503
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	rp-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 32 Cash Flow Statement 73 Stockholders Equity 24 Comprehensive Income 8

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$1.64M	USD	Point-in-time
Net of allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$2.00M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$89.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.56M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.65M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$161.60M	USD	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
Short-term investments	`ShortTermInvestments`	$159.21M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,999 and $1,624 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNet`	$74.94M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,999 and $1,624 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNet`	$59.71M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred contract acquisition and fulfillment costs, current portion	`DeferredCostsCurrent`	$12.99M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred contract acquisition and fulfillment costs, current portion	`DeferredCostsCurrent`	$12.32M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.75M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	48.64M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	48.09M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.77M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	48.16M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$355.78M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	47.60M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$339.94M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	486,808.00	shares	Point-in-time
Long-term investments	`LongTermInvestments`	$44.89M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	486,808.00	shares	Point-in-time
Long-term investments	`LongTermInvestments`	$33.61M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.52M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$32.77M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$15.89M	USD	Point-in-time
Deferred contract acquisition and fulfillment costs, non-current portion	`DeferredCosts`	$28.05M	USD	Point-in-time
Deferred contract acquisition and fulfillment costs, non-current portion	`DeferredCosts`	$27.63M	USD	Point-in-time
Goodwill	`Goodwill`	$88.42M	USD	Point-in-time
Goodwill	`Goodwill`	$88.42M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$23.98M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$23.95M	USD	Point-in-time
Other assets	`OtherAssets`	$1.17M	USD	Point-in-time
Other assets	`OtherAssets`	$1.24M	USD	Point-in-time
Total assets	`Assets`	$563.91M	USD	Point-in-time
Total assets	`Assets`	$559.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.30M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$25.06M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$37.38M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$5.23M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$189.85M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$184.45M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$7.38M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$707.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$234.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$228.43M	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtNoncurrent`	$177.20M	USD	Point-in-time
Convertible senior notes, net	`ConvertibleDebtNoncurrent`	$174.69M	USD	Point-in-time
Operating lease liabilities, non-current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities, non-current portion	`OperatingLeaseLiabilityNoncurrent`	$16.39M	USD	Point-in-time
Deferred revenue, non-current portion	`ContractWithCustomerLiabilityNoncurrent`	$52.01M	USD	Point-in-time
Deferred revenue, non-current portion	`ContractWithCustomerLiabilityNoncurrent`	$58.72M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.66M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$475.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$472.05M	USD	Point-in-time
Preferred stock, $0.01 par value per share; 10,000,000 shares authorized at March 31, 2019 and December 31, 2018; 0 shares issued at March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share; 10,000,000 shares authorized at March 31, 2019 and December 31, 2018; 0 shares issued at March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value per share; 100,000,000 shares authorized at March 31, 2019 and December 31, 2018; 48,644,450 and 48,087,257 shares issued at March 31, 2019 and December 31, 2018, respectively; 48,157,642 and 47,600,449 shares outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$482.00K	USD	Point-in-time
Common stock, $0.01 par value per share; 100,000,000 shares authorized at March 31, 2019 and December 31, 2018; 48,644,450 and 48,087,257 shares issued at March 31, 2019 and December 31, 2018, respectively; 48,157,642 and 47,600,449 shares outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$476.00K	USD	Point-in-time
Treasury stock, at cost, 486,808 shares at March 31, 2019 and December 31, 2018	`TreasuryStockValue`	$4.76M	USD	Point-in-time
Treasury stock, at cost, 486,808 shares at March 31, 2019 and December 31, 2018	`TreasuryStockValue`	$4.76M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$556.22M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$569.23M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$162.00K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-31.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-464.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-476.26M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$73.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.15M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$87.32M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$88.85M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$563.91M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$559.37M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$54.52M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$73.19M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$19.97M	USD	1 Quarter
Total cost of revenue	`CostOfGoodsAndServicesSold`	$16.59M	USD	1 Quarter
Total gross profit	`GrossProfit`	$37.92M	USD	1 Quarter
Total gross profit	`GrossProfit`	$53.21M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$17.86M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.72M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$35.14M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$29.05M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.95M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.73M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$62.96M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$54.51M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.74M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-16.59M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$243.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.73M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.23M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$78.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-206.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.45M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.27M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$225.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$95.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.67M	USD	1 Quarter
Net loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.24	USD	1 Quarter
Net loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.36	USD	1 Quarter
Weighted-average common shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	45.21M	shares	1 Quarter
Weighted-average common shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.83M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Offering costs	`PaymentsOfStockIssuanceCosts`	$608.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.40M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.51M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$8.63M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$6.22M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$437.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$156.00K	USD	1 Quarter
Foreign currency re-measurement loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-147.00K	USD	1 Quarter
Foreign currency re-measurement loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-249.00K	USD	1 Quarter
Other non-cash (income) expense	`OtherNoncashIncomeExpense`	$52.00K	USD	1 Quarter
Other non-cash (income) expense	`OtherNoncashIncomeExpense`	$722.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-34.72M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.73M	USD	1 Quarter
Deferred contract acquisition and fulfillment costs	`IncreaseDecreaseInDeferredCharges`	$1.71M	USD	1 Quarter
Deferred contract acquisition and fulfillment costs	`IncreaseDecreaseInDeferredCharges`	$1.09M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.94M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.19M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$66.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.22M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-11.32M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-13.69M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-6.50M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-12.10M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.60M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-444.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.57M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.30M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.15M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.46M	USD	1 Quarter
Capitalization of internal-use software costs	`PaymentsToDevelopSoftware`	$693.00K	USD	1 Quarter
Capitalization of internal-use software costs	`PaymentsToDevelopSoftware`	$1.60M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$4.46M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$63.03M	USD	1 Quarter
Sales/maturities of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$14.06M	USD	1 Quarter
Sales/maturities of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$72.74M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.76M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-355.00K	USD	1 Quarter
Proceeds from follow-on public offering, net of offering costs of $608	`ProceedsFromIssuanceOrSaleOfEquity`	$31.23M	USD	1 Quarter
Proceeds from follow-on public offering, net of offering costs of $608	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$462.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$979.00K	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfEmployeeStockPurchasePlan`	$1.63M	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromIssuanceOfEmployeeStockPurchasePlan`	$2.63M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$2.72M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.96M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.37M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.36M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-36.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-148.00K	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-9.70M	USD	1 Quarter
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$48.38M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.15M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.76M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$89.87M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.56M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.15M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.76M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$89.87M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.56M	USD	Point-in-time
Cash paid for interest on convertible senior notes	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest on convertible senior notes	`InterestPaidNet`	$1.34M	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$88.00K	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$53.00K	USD	1 Quarter
Leasehold improvements acquired through tenant improvement allowance	`NoncashLeaseholdImprovementsAcquiredThroughTenantImprovementAllowance`	$7.31M	USD	1 Quarter
Leasehold improvements acquired through tenant improvement allowance	`NoncashLeaseholdImprovementsAcquiredThroughTenantImprovementAllowance`	-	USD	1 Quarter
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.15M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$51.76M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$89.87M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$99.56M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$73.92M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$24.15M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$87.32M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$88.85M	USD	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.63M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.22M	USD	1 Quarter
Issuance of common stock related to follow-on public offering	`StockIssuedDuringPeriodValueNewIssues`	$30.91M	USD	1 Quarter
Issuance of common stock under Employee Stock Purchase Plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.63M	USD	1 Quarter
Issuance of common stock under Employee Stock Purchase Plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$2.63M	USD	1 Quarter
Vesting of restricted stock units	`AdjustmentsToAdditionalPaidInCapitalVestingOfRestrictedStockUnits`	-	USD	1 Quarter
Vesting of restricted stock units	`AdjustmentsToAdditionalPaidInCapitalVestingOfRestrictedStockUnits`	-	USD	1 Quarter
Forfeiture of restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	1 Quarter
Shares withheld for employee taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$980.00K	USD	1 Quarter
Shares withheld for employee taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$462.00K	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised`	$2.72M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised`	$1.96M	USD	1 Quarter
Net unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-5.00K	USD	1 Quarter
Net unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$193.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.67M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$73.92M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$24.15M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$87.32M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$88.85M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-16.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.67M	USD	1 Quarter
Change in fair value of investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$-5.00K	USD	1 Quarter
Change in fair value of investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$193.00K	USD	1 Quarter
Total change in unrealized gain (loss) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$193.00K	USD	1 Quarter
Total change in unrealized gain (loss) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-5.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-16.37M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-11.48M	USD	1 Quarter

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