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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 157,018 $ 68,632
Short-term marketable securities 368,096 296,197
Accounts receivable 18 211
Prepaid expenses and other current assets 7,500 5,414
Total current assets 532,632 370,454
Restricted cash 757 106
Long-term marketable securities 107,492 8,317
Property and equipment, net 6,164 6,509
Right-of-use asset 2,246 2,484
Other non-current assets 25 99
Total assets 649,316 387,969
Current liabilities    
Accounts payable 6,598 4,280
Accrued liabilities 18,756 16,999
Contract liability   8,568
Operating lease liabilities, current 1,747 1,871
Total current liabilities 27,101 31,718
Long-term contract liability   5,185
Long-term operating lease liabilities 1,125 1,611
Total liabilities 28,226 38,514
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized as of December 31, 2023 and December 31, 2022; no shares issued and outstanding as of December 31, 2023 and December 31, 2022
Common stock, $0.0001 par value, 300,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 65,039,369 and 48,193,179 shares issued and outstanding as of December 31, 2023 and December 31, 2022 7 5
Additional paid-in capital 968,885 587,724
Accumulated other comprehensive income (loss) 562 (2,871)
Accumulated deficit (348,364) (235,403)
Total stockholders’ equity 621,090 349,455
Total liabilities and stockholders’ equity $ 649,316 $ 387,969