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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 84,518 $ 88,205
Marketable securities 485,374 688,723
Accounts receivable, net 3,762 2,810
Inventory 23,937 19,076
Prepaid expenses and other current assets 34,536 35,021
Total current assets 632,127 833,835
Marketable securities 75,404 29,435
Operating lease assets 48,750 54,409
Property and equipment, net 12,726 15,382
Other non-current assets 4,056 4,057
Total assets 773,063 937,118
Current liabilities:    
Accounts payable 10,035 9,780
Accrued expenses 36,742 43,167
Operating lease liabilities 15,860 15,008
Total current liabilities 62,637 67,955
Operating lease liabilities, net of current portion 48,760 56,988
Other non-current liabilities 1,156 1,156
Total liabilities 112,553 126,099
Stockholders’ equity:    
Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued or outstanding at June 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 125,000,000 shares authorized; 73,091,490 shares issued and 56,875,079 shares outstanding at June 30, 2024, and 72,161,489 shares issued and 55,945,078 shares outstanding at December 31, 2023 73 72
Additional paid-in capital 2,464,284 2,436,523
Accumulated other comprehensive loss (1,045) (441)
Treasury stock, at cost (16,216,411 shares at June 30, 2024 and December 31, 2023) (802,486) (802,486)
Accumulated deficit (1,000,316) (822,649)
Total stockholders’ equity 660,510 811,019
Total liabilities and stockholders’ equity $ 773,063 $ 937,118