XML 111 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 165,081 $ 220,198
Restricted cash 389 440
Prepaid expenses and other current assets 35,821 40,658
Total current assets 201,291 261,296
NON-CURRENT ASSETS:    
Operating lease right-of-use assets 2,006 4,306
Deferred tax assets 3,774 3,336
Long-term prepaid expenses and other assets 6,595 7,049
Total assets 213,666 275,987
CURRENT LIABILITIES:    
Accounts payable 12,283 5,892
Accrued expenses and other liabilities 14,495 11,301
Debt, current portion 5,513 0
Operating lease liabilities - current 1,725 2,411
Total current liabilities 34,016 19,604
NON-CURRENT LIABILITIES    
Debt, non-current portion 24,652 28,757
Operating lease liabilities - non-current 303 1,882
Total liabilities 58,971 50,243
Commitments and contingencies (Note 12)
SHAREHOLDERS' EQUITY:    
Ordinary shares, £0.008 par value; 68,552,215 and 61,943,471 shares authorized, issued and outstanding at December 31, 2024 and 2023, respectively 702 635
Additional paid-in capital 704,919 621,645
Accumulated other comprehensive loss (16,194) (16,926)
Accumulated deficit (534,732) (379,610)
Total shareholders' equity 154,695 225,744
Total liabilities and shareholders' equity $ 213,666 $ 275,987