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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 47,312 $ 46,339
Short-term investments 134,229 150,917
Accounts receivable, net 28,900 11,804
Inventory 28,892 27,886
Prepaid expenses and other current assets 34,404 31,360
Total current assets 273,737 268,306
Restricted cash 739  
Long-term investments 16,681 5,482
Property and equipment, net 83,781 85,365
Goodwill 1,931 1,931
Other intangible assets 5,217 5,265
Other assets 28,055 26,757
Total assets 410,141 393,843
Current liabilities:    
Accounts payable 5,041 6,792
Accrued expenses and other current liabilities 40,103 40,293
Senior convertible notes - current 36,109  
Liability for sale of future royalties - current 12,802 12,283
Financing liability - current 10,125 10,062
Deferred revenue — current 11,757 12,407
Total current liabilities 115,937 81,837
Liability for sale of future royalties - long term 137,420 137,362
Financing liability - long term 93,665 93,877
Deferred revenue — long term 47,360 51,160
Recognized loss on purchase commitments — long term 60,713 58,204
Operating lease liability 11,141 11,645
Milestone liabilities 2,523 2,523
Senior convertible notes   36,051
Total liabilities 468,759 472,659
Commitments and contingencies (Note 14)
Stockholders' deficit:    
Undesignated preferred stock, $0.01 par value - 10,000,000 shares authorized; no shares issued or outstanding as of March 31, 2025 or December 31, 2024
Common stock, $0.01 par value - 800,000,000 shares authorized; 303,918,969 and 302,959,782 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 3,039 3,029
Additional paid-in capital 3,125,830 3,118,865
Accumulated other comprehensive income 1,174 1,109
Accumulated deficit (3,188,661) (3,201,819)
Total stockholders' deficit (58,618) (78,816)
Total liabilities and stockholders' deficit $ 410,141 $ 393,843