XML 10 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 210,647 $ 51,704
Short-term investments 155,683 63,191
Accounts receivable, net 35,317 19,660
Inventories, net 42,644 20,533
Prepaid expenses and other current assets 9,316 3,127
Total current assets 453,607 158,215
Inventory, non-current 17,949 0
Royalty receivable, non-current 3,388 0
Property and equipment, net 41,982 24,187
Operating lease right-of-use asset, net 30,264 30,663
Other non-current assets 4,640 2,285
Acquired intangible assets, net 23,367 1,400
Goodwill 106,342 106,317
Total assets 681,539 323,067
Current liabilities:    
Accounts payable 10,926 9,236
Accrued liabilities 31,686 21,019
Operating lease liabilities, current 6,122 4,323
Deferred revenue, current 13,436 11,607
Deferred grant income, current 3,532 3,612
Term loan, current 0 5,000
Convertible notes, current 54,913 54,530
Total current liabilities 120,615 109,327
Convertible notes, non-current 299 569
Term loan, non-current 0 3,414
Deferred tax liability 841 841
Operating lease liabilities, non-current 28,140 30,374
Deferred revenue, non-current 32,682 3,520
Deferred grant income, non-current 8,119 10,755
Other non-current liabilities 1,510 1,065
Total liabilities 192,206 159,865
Commitments and contingencies (Note 8)
Mezzanine equity:    
Redeemable preferred stock: $0.001 par value; zero and 256 shares authorized and issued and outstanding at September 30, 2024 and December 31, 2023, respectively; aggregate liquidation preference of zero and $255,559 at September 30, 2024 and December 31, 2023, respectively 0 311,253
Stockholders' equity (deficit):    
Preferred stock: $0.001 par value, 10,000 and 9,744 shares authorized at September 30, 2024 and December 31, 2023, respectively; no shares issued and outstanding at September 30, 2024 and December 31, 2023 0 0
Common stock: $0.001 par value, 600,000 shares authorized at September 30, 2024 and 400,000 shares authorized at December 31, 2023; 390,841 and 83,364 shares issued at September 30, 2024 and December 31, 2023, respectively; 372,261 and 80,232 shares outstanding at September 30, 2024 and December 31, 2023, respectively 390 83
Additional paid-in capital 1,688,398 860,816
Accumulated other comprehensive loss (1,409) (2,221)
Accumulated deficit (1,151,579) (1,000,752)
Treasury stock at cost: 18,580 and 3,132 shares at September 30, 2024 and December 31, 2023, respectively (46,467) (5,977)
Total stockholders' equity (deficit) 489,333 (148,051)
Total liabilities, mezzanine equity and stockholders' equity (deficit) $ 681,539 $ 323,067