SHORT-TERM INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

The following tables summarize the estimated fair value of the Company’s short-term investments and the gross unrealized holding gains and losses as of December 31, 2022 and 2021 (in thousands):


	As of December 31, 2022
	Amortized cost		Unrealized gain		Unrealized Loss		Estimated Fair Value







Corporate debt securities	$	17,056	$	—	$	(164)	$	16,892
Commercial paper	18,922		—		—		18,922
U.S. government bonds	106,774		—		(1,515)		105,259
Certificate of deposits	9,986		—		—		9,986
Treasury bills	9,518		3		(5)		9,516
Agency bonds	1,500		—		(1)		1,499
Total short-term investments	$	163,756	$	3	$	(1,685)	$	162,074


	As of December 31, 2021
	Amortized cost		Unrealized gain		Unrealized Loss		Estimated Fair Value





Corporate debt securities	$	42,174	$	11	$	(52)	$	42,133
Commercial paper	20,743		—		—		20,743
U.S. government bonds	86,265		—		(135)		86,130
Certificate of deposits	21,501		6		—		21,507
Agency bonds	2,500		—		(5)		2,495
Total short-term investments	$	173,183	$	17	$	(192)	$	173,008

Schedule of Contractual Maturities of Short-Term Investments

The following table presents the contractual maturities of the Company’s short-term investments as of December 31, 2022 (in thousands):


	As of December 31, 2022
	Amortized cost		Estimated Fair Value







Due within one year	$	98,136	$	97,732
Due between one to two years	65,620		64,342
Total	$	163,756	$	162,074