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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 56,370 $ 51,371
Marketable securities 10,114 22,406
Accounts receivable, net 41,581 34,097
Inventories 20,406 20,298
Prepaid expenses and other current assets 10,787 6,036
Total current assets 139,258 134,208
Property and equipment, net 307 453
Operating lease right-of-use assets 2,896 1,702
Goodwill 16,836 16,836
Other non-current assets 8,652 11,037
Total assets 167,949 164,236
Current liabilities:    
Current portion of operating lease liability 706 582
Accounts payable 9,116 7,328
Accrued expenses 40,917 40,651
Other current liabilities 194 273
Total current liabilities 50,933 48,834
Long-term operating lease liability 2,189 1,122
Royalty financing obligation 35,518 35,249
Other non-current liabilities 5,239 5,183
Total liabilities 93,879 90,388
Shareholders’ equity:    
Preferred shares, nominal value of $0.01 per share; 50,000 shares authorized; zero issued and outstanding at March 31, 2025 and December 31, 2024 0 0
Ordinary shares, nominal value of $0.01 per share; 500,000 shares authorized; 96,632 issued and outstanding at March 31, 2025 and 96,518 issued and outstanding at December 31, 2024 966 965
Additional paid-in capital 896,663 891,791
Accumulated deficit (799,247) (794,328)
Accumulated other comprehensive loss (24,312) (24,580)
Total shareholders’ equity 74,070 73,848
Total liabilities and shareholders’ equity $ 167,949 $ 164,236