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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 124,968 $ 230,784
Short-term investments 406,752 135,563
Accounts receivable, net 13,876 0
Inventory 3,321 0
Prepaid expenses and other current assets 13,413 8,927
Total current assets 562,330 375,274
Property and equipment, net 2,285 208
Operating lease right-of-use asset 2,422 352
Intangible assets, net 15,630 0
Deposits and other long-term assets 121 214
Total assets 582,788 376,048
Current liabilities:    
Accounts payable 3,262 2,576
Accrued expenses and other current liabilities 68,625 26,524
Current portion of deferred revenue 1,554 0
Current portion of operating lease liabilities 10 408
Total current liabilities 73,451 29,508
Long-term portion of deferred revenue 3,233 0
Long-term portion of operating lease liabilities 2,592 0
Other long-term liability 761 0
Total liabilities 80,037 29,508
Commitments and contingencies (Note 7)
Stockholders' equity    
Common stock, $0.001 par value; 500,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 101,116,162 and 87,227,132 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 10 9
Additional paid-in-capital 1,056,738 805,107
Accumulated other comprehensive income 84 9
Accumulated deficit (554,081) (458,585)
Total stockholders' equity 502,751 346,540
Total liabilities and stockholders' equity $ 582,788 $ 376,048