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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Summary of Changes in Stockholders' Equity

The following table presents the changes in stockholders’ equity for the three months ended March 31, 2024:


(In thousands, except share data)		Common Stock $0.0001 Par Value								Additional Paid-In Capital				Accumulated Other Comprehensive (Loss)/Income				Accumulated Deficit				Total Stockholders’ Equity
		Shares				Amount
Balance as of December 31, 2023			84,826,632			$	8			$	1,456,370			$	218			$	(902,400	)		$	554,196
Stock purchase under ESPP			35,463				—				—				—				—				—
Stock-based compensation expense			—				—				8,899				—				—				8,899
Unrealized (loss) on investments			—				—				—				(974	)			—				(974	)
Vesting of RSUs			3,750				—				—				—				—				—
Employee withholdings ESPP			—				—				309				—				—				309
Proceeds from exercise of stock options			113,841				—				1,859				—				—				1,859
Net loss			—				—				—				—				(72,400	)			(72,400	)
Balance as of March 31, 2024			84,979,686			$	8			$	1,467,437			$	(756	)		$	(974,800	)		$	491,889

The following table presents the changes in stockholders’ equity for the three months ended March 31, 2023:


(In thousands, except share data)		Common Stock $0.0001 Par Value								Additional Paid-In Capital				Accumulated Other Comprehensive (Loss)/Income				Accumulated Deficit				Total Stockholders’ Equity
		Shares				Amount
Balance as of December 31, 2022			68,111,385			$	7			$	1,161,288			$	(806	)		$	(693,040	)		$	467,449
Stock purchase under ESPP			16,537				—				—				—				—				—
Stock-based compensation expense			—				—				6,238				—				—				6,238
Unrealized gain on short-term investments			—				—				—				470				—				470
Vesting of RSUs			5,000				—				—				—				—				—
Employee withholdings ESPP			—				—				196				—				—				196
Prefunded warrants, exercise			85,998				—				—				—				—				—
Proceeds from exercise of stock options			276,506				—				2,278				—				—				2,278
Net loss			—				—				—				—				(41,126	)			(41,126	)
Balance as of March 31, 2023			68,495,426			$	7			$	1,170,000			$	(336	)		$	(734,166	)		$	435,505

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