XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 52,386 $ 68,395
Marketable securities (Note 4) 315,188 338,771
Contract assets 4,122 2,537
Prepaid expenses and other current assets 13,706 9,713
Total current assets 385,402 419,416
Marketable securities, non-current (Note 4) 104,759 152,328
Property and equipment, net (Note 6) 27,494 13,334
Right-of-use assets, operating leases 55,687 8,909
Other non-current assets 2,802 3,017
Restricted cash 5,801 6,130
Total assets 581,945 603,134
Current liabilities:    
Accounts payable 3,745 4,335
Accrued expenses (Note 8) 22,490 27,502
Deferred revenue 24,302 35,260
Operating lease liabilities 2,566 2,535
Finance lease liabilities 1,231 1,408
Other current liabilities 268 303
Total current liabilities 54,602 71,343
Non-current liabilities    
Deferred revenue, net of current portion 20,421 28,000
Operating lease liabilities, net of current portion 70,502 12,146
Finance lease liabilities, net of current portion 762 1,246
Other non-current liabilities 230 248
Total liabilities 146,517 112,983
Stockholders’ equity:    
Common stock, $0.0001 par value; 150,000,000 shares authorized at June 30, 2023 and December 31, 2022, 55,390,259 and 55,039,380 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 6 6
Additional paid-in capital 902,574 878,884
Accumulated deficit (463,517) (383,790)
Accumulated other comprehensive loss (3,635) (4,949)
Total stockholders’ equity 435,428 490,151
Total liabilities and stockholders’ equity $ 581,945 $ 603,134