XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 76,914 $ 47,976
Marketable securities (Note 4) 315,395 394,442
Contract assets 2,370 135
Prepaid expenses and other current assets 8,091 8,720
Total current assets 402,770 451,273
Marketable securities, non-current (Note 4) 90,182 125,187
Property and equipment, net (Note 6) 12,748 11,881
Right-of-use assets, operating leases 9,181 9,426
Other non-current assets 2,427 2,022
Restricted cash 6,113 6,116
Total assets 523,421 605,905
Current liabilities:    
Accounts payable 2,374 4,005
Accrued expenses (Note 8) 21,738 22,971
Deferred revenue 59,460 61,739
Operating lease liabilities 2,498 2,461
Finance lease liabilities 1,158 1,138
Other current liabilities 272 228
Total current liabilities 87,500 92,542
Non-current liabilities    
Deferred revenue, net of current portion 24,071 39,295
Operating lease liabilities, net of current portion 12,708 13,224
Finance lease liabilities, net of current portion 927 1,140
Other non-current liabilities 264 66
Total liabilities 125,470 146,267
Stockholders’ equity:    
Common stock, $0.0001 par value; 150,000,000 shares authorized as of June 30, 2022 and December 31, 2021, 51,856,668 and 51,573,924 shares issued at June 30, 2022 and December 31, 2021, respectively; 51,847,049 and 51,536,181 shares outstanding at June 30, 2022 and December 31, 2021, respectively 5 5
Additional paid-in capital 707,852 689,275
Accumulated deficit (305,923) (228,982)
Accumulated other comprehensive loss (3,983) (660)
Total stockholders’ equity 397,951 459,638
Total liabilities and stockholders’ equity $ 523,421 $ 605,905