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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 120,398 $ 31,040
Short-term investments 204,423 217,149
Prepaid expenses and other current assets 6,978 4,882
Total current assets 331,799 253,071
Long-term investments 99,086  
Restricted cash 2,743 2,743
Property and equipment, net 77,551 79,326
Operating lease right-of-use assets 39,374 39,949
Other long-term assets 3,533 3,796
Total assets 554,086 378,885
Current liabilities    
Accounts payable 3,764 3,665
Operating lease liabilities, current portion 5,532 6,069
Accrued and other current liabilities 11,565 13,596
Total current liabilities 20,861 23,330
Operating lease liabilities, net of current portion 80,041 82,270
Total liabilities 100,902 105,600
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock, $0.0001 par value; 200,000,000 shares authorized; 70,558,546 and 49,181,295 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 7 5
Additional paid-in capital 943,385 708,706
Accumulated other comprehensive (loss) income (263) 8
Accumulated deficit (489,945) (435,434)
Total stockholders’ equity 453,184 273,285
Total liabilities and stockholders’ equity $ 554,086 $ 378,885