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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 36,147 $ 21,470
Short-term investments 166,431 162,829
Accounts receivable 28,162 22,031
Inventory 9,813 12,448
Prepaid commercial manufacturing 5,519 18,925
Prepaid expenses and other current assets 11,867 8,408
Total current assets 257,939 246,111
Inventory, non-current 69,045 37,039
Prepaid commercial manufacturing, non-current 4,235 4,235
Right-of-use assets 4,641 5,589
Property and equipment, net 1,019 1,009
Other assets 5,503 3,596
Total assets 342,382 297,579
Current liabilities:    
Accounts payable 17,277 11,138
Accrued compensation and benefits 6,727 12,597
Current portion of operating lease liability 4,314 4,435
Deferred revenue 6,586 7,182
Accrued expenses and other current liabilities 21,991 15,041
Total current liabilities 56,895 50,393
Operating lease liability, net of current portion 778 1,725
Long-term debt, net of current portion 99,834 49,822
Deferred revenue, non-current 12,103 8,644
Deferred royalty obligation related to the sale of future royalties 21,881 20,179
Total liabilities 191,491 130,763
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively. 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized; 233,959,744 and 232,453,190 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively. 23 23
Additional paid-in capital 1,023,610 1,012,773
Accumulated deficit (872,722) (846,204)
Accumulated other comprehensive (loss) income (20) 224
Total stockholders’ equity 150,891 166,816
Total liabilities and stockholders’ equity $ 342,382 $ 297,579