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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (61,183) $ (73,447)
Adjustments to reconcile net (loss)/income to net cash used in operating activities:    
Share based compensation 4,709 5,055
Impairment of long-lived assets 5,260 0
Impairment of goodwill 12,209 0
Depreciation and amortization 5,800 5,429
Non-cash lease expenses 1,443 1,328
Unrealized foreign exchange (gain)/loss (649) 7,531
Change in contingent consideration 866 55
Non-cash interest expense 48 28
Deferred tax benefit (44) (3,075)
Changes in operating assets and liabilities:    
Accounts receivable (including related parties) 0 5,800
Prepaid expenses and other current assets 3,643 2,200
Research and development incentives receivable (2,345) (127)
Accounts payable 898 (3,378)
Accrued expenses and other current liabilities 456 1,993
Deferred income 1,738 0
Operating lease liabilities (1,789) (445)
Other assets 0 128
Net cash used in operating activities (28,940) (50,925)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (892) (5,413)
Net cash used in investing activities (892) (5,413)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issue of shares from the exercise of stock options [1] 0 0
Proceeds from issue of ordinary shares, net of issuance costs 2,163 2,035
Payment of contingent consideration 0 (163)
Net cash provided by financing activities 2,163 1,872
Effect of exchange rates on cash, cash equivalents and restricted cash (2,021) 2,171
Net decrease in cash, cash equivalents and restricted cash (29,690) (52,295)
Cash, cash equivalents and restricted cash, beginning of the period 142,090 194,385
Cash, cash equivalents and restricted cash, end of the period 112,400 142,090
Non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable and accrued liabilities 0 87
Asset retirement obligation 0 287
Changes to right-of-use asset resulting from lease reassessment event $ 0 $ 88
[1] Indicates amount less than one thousand