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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (109,599) $ (85,355)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 17,961 14,186
Depreciation 1,275 1,237
Net amortization of premiums and discounts on short-term investments (6,459) (161)
Noncash interest expense 513 0
Unrealized foreign currency transaction losses 37 0
Changes in operating assets and liabilities:    
Research and development incentives receivable (835) (1,417)
Prepaid expenses and other current assets (2,243) 159
Operating lease, right-of-use-asset 300 252
Finance lease, right-of-use-asset 1,214 1,214
Accounts payable (1,029) 698
Accrued expenses and other current liabilities 6,977 2,779
Operating lease liabilities (290) (257)
Net cash used in operating activities (92,178) (66,665)
Cash flows from investing activities:    
Purchases of property, plant and equipment and software capitalization (2,203) (1,464)
Purchase of short-term investments (281,246) (193,685)
Proceeds from sales and maturities of short-term investments 303,493 200,500
Net cash provided by investing activities 20,044 5,351
Cash flows from financing activities:    
Proceeds from issuance of common stock through ATM sales, net of offering costs 0 37,438
Principal payment of finance lease obligation (217) (163)
Proceeds from exercise of stock options 1,760 2,670
Net cash provided by financing activities 1,543 39,945
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) 4,351
Net (decrease) increase in cash, cash equivalents and restricted cash (70,594) (17,018)
Cash, cash equivalents and restricted cash at beginning of period 148,226 107,584
Cash, cash equivalents and restricted cash at end of period 77,632 90,566
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 1,343 0
Cash paid for income taxes 300 0
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable $ 138 $ 96