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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 85,158 $ 99,704
Marketable securities 233,036 271,209
Accounts and other receivables, net 442 607
Prepaid expenses and other current assets 6,218 9,481
Inventory 2,129 2,305
Total current assets 326,983 383,306
Property and equipment, net 8,044 8,177
Operating lease right-of-use assets 21,510 21,000
Restricted cash 150 150
Other assets 5,877 5,832
Total assets 362,564 418,465
Current liabilities:    
Accounts payable 16,419 11,721
Accrued expenses 18,178 18,103
Deferred revenue 5,115 17,784
Other current liabilities 1,965 1,440
Total current liabilities 41,677 49,048
Deferred revenue - noncurrent 0 10,853
Operating lease liabilities - noncurrent 22,314 21,858
Other noncurrent liabilities 177 205
Total liabilities 64,168 81,964
Contingencies (Note 13)
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 March 31,2025 and December 31,2024; 68,811,357 and 68,266,005 shares issued and outstanding at March 31,2025 and December 31, 2024,respectively 69 68
Additional paid-in capital 1,215,615 1,208,421
Accumulated deficit (918,211) (873,016)
Accumulated other comprehensive income (loss) 923 1,028
Total stockholders' equity 298,396 336,501
Total liabilities and stockholders' equity $ 362,564 $ 418,465