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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 302,078 $ 200,351
Accounts receivable 1,422 21,086
Prepaid expenses 9,544 9,912
Other current assets 7,350 4,024
Total current assets 320,394 235,373
Long-term assets:    
Property and equipment, net of accumulated depreciation of $46,329 and $42,709 as of December 31, 2024 and 2023, respectively 10,128 13,084
Operating lease right-of-use assets 17,870 22,637
Restricted cash 3,760 3,699
Other assets 55 156
Total long-term assets 31,813 39,576
Total assets 352,207 274,949
Current liabilities:    
Accounts payable 16,262 12,839
Accrued expenses and other current liabilities 21,081 16,828
Current portion of deferred revenue 65,972 150,059
Current portion of operating lease liability 7,638 6,714
Total current liabilities 110,953 186,440
Long-term liabilities:    
Deferred revenue, net of current portion 6,099 15,601
Operating lease liability, net of current portion 17,766 25,404
Total long-term liabilities 23,865 41,005
Total liabilities 134,818 227,445
Series A preferred shares, no par value; 3,901,348 shares issued and outstanding at December 31, 2024 and 2023 7,874 7,874
Shareholders' equity:    
Ordinary shares, no par value; 153,037,286 and 119,162,234 shares issued and outstanding at December 31, 2024 and 2023, respectively 1,175,181 935,367
Additional paid-in capital 156,454 129,237
Accumulated other comprehensive loss (262) (124)
Accumulated deficit (1,121,858) (1,024,850)
Total shareholders' equity 209,515 39,630
Total liabilities, Series A preferred shares and shareholders' equity $ 352,207 $ 274,949