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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 14,662 $ 19,205
Accounts receivable 7,500 0
Short-term investments 631,631 324,823
Prepaid expenses and other current assets 8,146 5,213
Total current assets 661,939 349,241
Restricted cash 816 816
Property and equipment, net 5,940 7,003
Operating lease right-of-use assets 20,077 20,838
Other long-term assets 2,640 2,509
Total assets 691,412 380,407
Current liabilities:    
Accounts payable 1,253 2,424
Accrued expenses 8,568 7,387
Current portion of deferred revenue 94 1,705
Current portion of operating lease liabilities 1,630 1,517
Total current liabilities 11,545 13,033
Operating lease liabilities, net of current portion 22,190 23,025
Total liabilities 33,735 36,058
Commitments and contingencies (Note 3)
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; authorized shares - 10,000,000 at June 30, 2024 and December 31, 2023, respectively; no shares issued and outstanding at June 30, 2024 and December 31, 2023
Common stock, $0.001 par value; authorized shares - 200,000,000 atJune 30, 2024 and December 31, 2023, respectively; issued shares - 52,164,498 and 46,262,759 at June 30, 2024 and December 31, 2023, respectively; outstanding shares - 52,162,215 and 46,252,440 at June 30, 2024 and December 31, 2023, respectively 52 46
Additional paid-in capital 848,723 512,401
Accumulated other comprehensive income (loss) (1,616) 665
Accumulated deficit (189,482) (168,763)
Total stockholders' equity 657,677 344,349
Total liabilities and stockholders' equity $ 691,412 $ 380,407