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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 33,733 $ 47,976
Marketable securities (Note 4) 387,079 394,442
Contract assets 1,263 135
Prepaid expenses and other current assets 9,307 8,720
Total current assets 431,382 451,273
Marketable securities, non-current (Note 4) 102,478 125,187
Property and equipment, net (Note 6) 11,759 11,881
Right-of-use assets, operating leases 9,307 9,426
Other non-current assets 2,022 2,022
Restricted cash 6,112 6,116
Total assets 563,060 605,905
Current liabilities:    
Accounts payable 2,567 4,005
Accrued expenses (Note 8) 20,777 22,971
Deferred revenue 60,852 61,739
Operating lease liabilities 2,480 2,461
Finance lease liabilities 1,087 1,138
Other current liabilities 576 228
Total current liabilities 88,339 92,542
Non-current liabilities    
Deferred revenue, net of current portion 31,823 39,295
Operating lease liabilities, net of current portion 12,978 13,224
Finance lease liabilities, net of current portion 927 1,140
Other non-current liabilities 273 66
Total liabilities 134,340 146,267
Stockholders’ equity:    
Common stock, $0.0001 par value; 150,000,000 shares authorized as of March 31, 2022 and December 31, 2021, 51,716,194 and 51,573,924 shares issued at March 31, 2022 and December 31, 2021, respectively; 51,692,666 and 51,536,181 shares outstanding at March 31, 2022 and December 31, 2021, respectively 5 5
Additional paid-in capital 697,597 689,275
Accumulated deficit (265,666) (228,982)
Accumulated other comprehensive loss (3,216) (660)
Total stockholders’ equity 428,720 459,638
Total liabilities and stockholders’ equity $ 563,060 $ 605,905