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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 67,237 $ 68,632
Short-term marketable securities 272,233 296,197
Accounts receivable 468 211
Prepaid expenses and other current assets 4,020 5,414
Total current assets 343,958 370,454
Restricted cash 106 106
Long-term marketable securities 11,740 8,317
Property and equipment, net 6,716 6,509
Right-of-use assets 2,112 2,484
Other non-current assets 114 99
Total assets 364,746 387,969
Current liabilities    
Accounts payable 4,376 4,280
Accrued liabilities 17,274 16,999
Contract liability 6,255 8,568
Operating lease liabilities - current 1,915 1,871
Total current liabilities 29,820 31,718
Long-term contract liability 0 5,185
Long-term operating lease liabilities 1,116 1,611
Total liabilities 30,936 38,514
Commitments and contingencies (Note 5)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of March 31, 2023 and December 31, 2022; no shares issued and outstanding as of March 31, 2023 and December 31, 2022
Common stock, $0.0001 par value, 300,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 48,390,394 and 48,193,179 shares issued and outstanding as of March 31, 2023 and December 31, 2022 5 5
Additional paid-in capital 594,253 587,724
Accumulated other comprehensive loss (1,405) (2,871)
Accumulated deficit (259,043) (235,403)
Total stockholders’ equity 333,810 349,455
Total liabilities and stockholders’ equity $ 364,746 $ 387,969