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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 147,877 $ 121,038
Restricted cash 300 300
Short-term investments 150,827 173,182
Accounts receivable, net 119,130 122,279
Inventory 171,244 166,048
Prepaid and other current assets 17,441 12,552
Total current assets 606,819 595,399
Property, plant and equipment, net 14 16
Long-term inventory 39,586 64,740
Operating lease right-of-use asset 7,640 7,592
Other long-term assets 1,135 1,213
Intangible asset, net 14,932 16,389
TOTAL ASSETS 670,126 685,349
Current Liabilities:    
Accounts payable 44,711 40,366
Accrued expenses and other current liabilities 141,235 139,583
Total current liabilities 185,946 179,949
Long-Term Liabilities:    
Long-term operating lease liability 7,338 7,723
Other long-term liabilities 11,918 11,501
Total liabilities 205,202 199,173
Commitments and contingencies (Note 5)
Stockholders’ Equity:    
Ordinary Shares, GBP 0.50 par value per share, unlimited authorized; 428,714,819 shares issued, 415,401,497 shares outstanding as of June 30, 2025; 422,256,900 shares issued, 411,584,851 shares outstanding as of December 31, 2024 309,421 305,298
Additional paid-in capital 1,920,993 1,914,750
Treasury stock; 13,313,322 shares as of June 30, 2025; 10,672,049 shares as of December 31, 2024 (67,108) (65,326)
Accumulated deficit (1,698,382) (1,668,546)
Total stockholders’ equity 464,924 486,176
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 670,126 $ 685,349