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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 251,098 $ 251,177
Short-term investments (amortized cost of $320,709) 320,158 280,739
Grants receivable 393 0
Research and development tax credits receivable 727 135
Refundable income taxes 6,228 6,365
Unbilled milestone receivable 35,000 0
Prepaid expenses and other currents assets 13,001 12,236
Total current assets 626,605 550,652
Property and equipment, net 5,334 4,696
Long-term investments (amortized cost of $108,164) 107,846 100,539
Research and development tax credits receivable, net of current portion 5,465 4,508
Restricted cash 303 274
Right of use assets 5,500 6,036
Other assets 788 883
Total assets 751,841 667,588
Current liabilities:    
Accounts payable 11,055 11,293
Accrued expenses and other current liabilities 15,431 7,058
Accrued personnel expenses 5,299 8,562
Payable for investments 0 9,787
Deferred income 1,604 2,063
Lease liabilities 1,277 1,251
Total current liabilities 34,666 40,014
Grants repayable, net of current portion 6,028 6,609
Lease liabilities, net of current portion 4,239 4,807
Unrecognized tax benefits 43,040 40,930
Total liabilities 87,973 92,360
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Common stock, $0.001 par value: 150,000,000 shares authorized at June 30, 2024 and December 31, 2023; 36,519,945 and 35,838,080 shares issued and outstanding, respectively 37 36
Additional paid-in capital 601,102 463,799
Accumulated other comprehensive loss (16,560) (13,240)
Retained earnings 79,289 124,633
Total stockholders’ equity 663,868 575,228
Total liabilities and stockholders’ equity $ 751,841 $ 667,588