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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 131,539 $ 173,338
Prepaid expenses and other current assets 14,094 23,242
Total current assets 145,633 196,580
Non-current assets:    
Property and equipment, net 9,171 12,399
Operating lease right of use assets 4,372 8,081
Deferred tax assets 41 251
Restricted cash 33 33
Other assets 2,206 3,014
Total non-current assets 15,823 23,778
TOTAL ASSETS 161,456 220,358
Current liabilities:    
Accounts payable 5,629 5,187
Income taxes payable   326
Accrued expenses and other liabilities 7,828 8,292
Operating lease liabilities—current 3,539 4,188
Total current liabilities 16,996 17,993
Non-current liabilities:    
Operating lease liabilities-non-current 1,076 4,388
Other long-term liability 1,015 933
Total non-current liabilities 2,091 5,321
Total liabilities 19,087 23,314
Commitments and contingencies (Note 12)
Shareholders' equity:    
Ordinary shares, pound 0.001 par value; 41,082,948 and 40,932,727 shares authorized, issued and outstanding at December 31,2023 and 2022, respectively 54 54
Deferred shares, pound 92,451.851 par value, one share authorized, issued and outstanding at December 31, 2023 and 2022 128 128
Additional paid in capital 415,210 408,844
Accumulated other comprehensive income (13,071) (21,695)
Accumulated deficit (259,952) (190,287)
Total shareholders’ equity 142,369 197,044
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 161,456 $ 220,358