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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 281,263 $ 95,633
Marketable securities 49,787 48,928
Accounts and other receivables, net 805 15,503
Prepaid expenses and other current assets 9,039 9,858
Inventory 3,906 2,886
Total current assets 344,800 172,808
Property and equipment, net 5,251 1,360
Operating lease right-of-use assets 4,983 6,038
Restricted cash 150 150
Total assets 355,184 180,356
Current liabilities:    
Accounts payable 6,504 5,919
Accrued expenses 17,521 16,359
Deferred revenue 38,592 1,205
Short-term borrowings 0 10,475
Other current liabilities 646 579
Total current liabilities 63,263 34,537
Long-term debt   29,310
Deferred revenue - noncurrent 20,692 13,557
Operating lease liabilities - noncurrent 4,906 5,984
Other long-term liabilities   600
Total liabilities 88,861 83,988
Contingencies (Note 17)
Stockholders’ equity:    
Preferred stock, $.001 par value, 5,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $.001 par value, 300,000,000 shares authorized at December 31, 2023 and 2022, respectively; 49,043,074 and 34,082,934 shares issued and outstanding at December 31, 2023 and 2022, respectively 49 34
Additional paid-in capital 1,007,556 766,899
Accumulated deficit (742,146) (671,351)
Accumulated other comprehensive income 864 786
Total stockholders’ equity 266,323 96,368
Total liabilities and stockholders’ equity $ 355,184 $ 180,356