XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 605,535,000 $ 275,138,000
Accounts receivable 130,694,000 12,596,000
Unbilled receivable 3,026,000 1,531,000
Non-cash royalty receivable 3,438,000 3,851,000
Inventory 5,495,000  
Prepaid and other current assets 18,712,000 11,005,000
Total current assets 766,900,000 304,121,000
Property and equipment, net of accumulated depreciation 4,431,000 4,377,000
Operating lease right-of-use assets 8,338,000 10,231,000
Long-term inventory 28,273,000 16,196,000
Other assets 14,159,000 14,011,000
Total assets 822,101,000 348,936,000
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 24,853,000 45,353,000
Accrued compensation 15,155,000 11,111,000
Other accrued liabilities 43,571,000 38,783,000
Current portion of liability related to the sale of future royalties, net of deferred financing costs of $128 and $162, respectively 9,437,000 8,659,000
Current portion of operating lease liability 4,458,000 4,096,000
Current portion of deferred revenue 37,186,000 13,856,000
Total current liabilities 134,660,000 121,858,000
Senior secured term loan, net 72,113,000  
Deferred revenue, net of current portion 26,718,000 36,355,000
Operating lease liability, net of current portion 7,759,000 11,148,000
Liability related to the sale of future royalties, net of current portion and deferred financing costs of $111 and $205, respectively 16,455,000 23,449,000
Other long-term liabilities 2,800,000 300,000
Total liabilities 260,505,000 193,110,000
Commitments and contingencies (Note K)
Shareholders' equity:    
Preferred stock, $.01 par value; authorized 5,000 shares; 22 and 0 shares issued and outstanding as of each of September 30, 2023 and December 31, 2022, respectively
Common stock, $.01 par value; authorized 600,000 shares; 265,842 and 220,046 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 2,435,000 2,260,000
Additional paid-in capital 2,267,747,000 1,847,638,000
Accumulated deficit (1,708,586,000) (1,694,072,000)
Total shareholders' equity 561,596,000 155,826,000
Total liabilities and shareholders' equity $ 822,101,000 $ 348,936,000