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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 25,563 $ 35,098
Marketable securities 210,658 167,823
Unbilled accounts receivable 537 229
Prepaid expenses and other current assets 5,441 4,369
Total current assets 242,199 207,519
Property and equipment, net 5,216 6,906
Operating lease right-of-use assets 7,176 9,063
Restricted cash 1,092 1,092
Other assets 2,011 2,105
Total assets 257,694 226,685
Current liabilities:    
Accounts payable 2,757 3,638
Accrued expenses and other current liabilities 8,726 9,551
Deferred revenue, current portion 0 934
Operating lease liability, current 2,192 2,602
Total current liabilities 13,675 16,725
Operating lease liability, excluding current portion 8,629 10,821
Other liabilities, excluding current portion 197 197
Total liabilities 22,501 27,743
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.001 par value; 200,000,000 shares authorized; 61,915,367 and 52,099,211 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 62 52
Additional paid-in capital 744,940 612,025
Accumulated other comprehensive loss (136) (797)
Accumulated deficit (509,673) (412,338)
Total stockholders’ equity 235,193 198,942
Total liabilities and stockholders’ equity $ 257,694 $ 226,685