SHORT-TERM INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2023

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 losses and gains as of March 31, 2023 and December 31, 2022 (in thousands):


	As of March 31, 2023
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value







Corporate debt securities	$	13,467	$	1	$	(35)	$	13,433
Commercial paper	16,845		—		—		16,845
U.S. government bonds	30,954		9		(111)		30,852
Certificate of deposits	4,694		—		—		4,694
Treasury bills	10,768		1		(6)		10,763
Agency bonds	11,089		3		(1)		11,091
Total short-term investments	$	87,817	$	14	$	(153)	$	87,678


	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

Schedule of Contractual Maturities of Short-Term Investments

The following table presents the contractual maturities of the Company’s short-term investments as of March 31, 2023 (in thousands):


	As of March 31, 2023
	Amortized cost		Estimated Fair Value







Due within one year	$	87,817	$	87,678

Total	$	87,817	$	87,678