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Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 33,358 $ 124,968
Short-term investments 439,662 406,752
Accounts receivable, net 18,054 13,876
Inventory 3,565 3,321
Prepaid expenses and other current assets 14,012 13,413
Total current assets 508,651 562,330
Property and equipment, net 2,508 2,285
Operating lease right-of-use asset 2,577 2,422
Intangible assets, net 20,405 15,630
Deposits and other long-term assets 215 121
Total assets 534,356 582,788
Current Liabilities:    
Accounts payable 2,540 3,262
Accrued expenses and other current liabilities 43,641 68,625
Current portion of deferred revenue 1,636 1,554
Current portion of operating lease liabilities 62 10
Total current liabilities 47,879 73,451
Long-term portion of deferred revenue 3,350 3,233
Long-term portion of operating lease liabilities 2,854 2,592
Other long-term liability 761 761
Total liabilities 54,844 80,037
Commitments and contingencies (Note 6)
Stockholders' equity    
Common stock, $0.0001 par value; 500,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 101,353,781 and 101,116,162 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 10 10
Additional paid-in-capital 1,069,631 1,056,738
Accumulated other comprehensive (loss) income (52) 84
Accumulated deficit (590,077) (554,081)
Total stockholders' equity 479,512 502,751
Total liabilities and stockholders' equity $ 534,356 $ 582,788