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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 432,998 $ 204,246
Marketable securities 199,270 150,130
Accounts receivable 1,134 2,429
Prepaid expenses and other current assets 32,874 12,009
Total current assets 666,276 368,814
Marketable securities 150,620 57,312
Property and equipment, net 12,146 12,135
Operating lease right-of-use assets 10,312 11,362
Intangible assets, net 1,856 1,800
Deferred tax assets 838 1,199
Other assets 2,628 2,872
Total assets 844,676 455,494
Current liabilities:    
Accounts payable 6,185 4,602
Accrued expenses and other liabilities 36,279 38,482
Income taxes payable 4,876 1,646
Current portion of lease obligation 1,762 1,674
Current portion of deferred revenue 30,974 22,685
Total current liabilities 80,076 69,089
Lease obligation 9,284 10,488
Deferred revenue, net of current portion 52,055 19,574
Total liabilities 141,415 99,151
Commitments and contingencies - Note 6
Shareholders' equity:    
Common shares, EUR 0.09 par value; 105,000,000 shares authorized at September 30, 2024 and December 31, 2023; 68,426,779 and 57,825,879 shares issued and outstanding as at September 30, 2024 and December 31, 2023, respectively 6,919 5,883
Additional paid-in capital 1,640,930 1,126,054
Accumulated other comprehensive income (7,124) (22,533)
Accumulated deficit (937,464) (753,061)
Total shareholders' equity 703,261 356,343
Total liabilities and shareholders' equity $ 844,676 $ 455,494