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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 216,213 $ 284,803
Short-term investments (amortized cost of $384,005) 383,011 328,359
Grants receivable 433 1,001
Refundable income taxes 3,250 1,434
Prepaid expenses and other currents assets 11,640 12,701
Total current assets 614,547 628,298
Property and equipment, net 2,548 2,121
Long-term investments (amortized cost of $78,886) 78,260 118,225
Research and development tax credits receivable 1,882 1,128
Restricted cash 270 235
Right of use assets 5,427 4,652
Other assets 812 332
Total assets 703,746 754,991
Current liabilities:    
Accounts payable 5,227 7,662
Accrued expenses and other current liabilities 21,247 19,727
Deferred income 2,528 1,180
Deferred revenue 0 12,595
Lease liabilities 1,021 836
Total current liabilities 30,023 42,000
Grants repayable, net of current portion 6,570 6,622
Lease liabilities, net of current portion 4,427 3,837
Unrecognized tax benefits 39,200 39,200
Total liabilities 80,220 91,659
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Common stock, $0.001 par value: 150,000,000 shares authorized at June 30, 2023 and December 31, 2022 respectively; 35,781,919 and 35,611,219 shares issued and outstanding; respectively 36 36
Additional paid-in capital 449,232 435,665
Accumulated other comprehensive loss (13,166) (9,644)
Retained earnings 187,424 237,275
Total stockholders’ equity 623,526 663,332
Total liabilities and stockholders’ equity $ 703,746 $ 754,991