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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 158,617 $ 166,728
Short-term investments 78,468 126,146
Accounts receivable, net 14,612 14,741
Inventory 24,170 20,744
Prepaid expenses and other current assets 7,081 4,561
Current assets held for sale 223,089 42,963
Total current assets 506,037 375,883
Property and equipment, net 22,678 22,775
Operating lease right-of-use asset, net 24,568 26,567
Other non-current assets 3,682 3,688
Non-current assets held for sale 0 183,432
Total assets 556,965 612,345
Current liabilities:    
Accounts payable 7,329 5,049
Accrued liabilities 24,207 21,435
Operating lease liabilities, current 5,094 4,806
Deferred revenue, current 40,167 10,274
Deferred grant income, current 3,243 3,527
Current liabilities held for sale 17,984 20,804
Total current liabilities 98,024 65,895
Convertible notes, non-current 299 299
Deferred tax liability 1,081 1,081
Operating lease liabilities, non-current 23,223 25,590
Deferred revenue, non-current 2,786 32,674
Deferred grant income, non-current 5,767 7,243
Other non-current liabilities 1,250 1,062
Non-current liabilities held for sale 0 6,779
Total liabilities 132,430 140,623
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock: $0.001 par value, 10,000 shares authorized at June 30, 2025 and December 31, 2024; no shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock: $0.001 par value, 600,000 shares authorized at June 30, 2025 and December 31, 2024; 400,273 and 396,110 shares issued at June 30, 2025 and December 31, 2024, respectively; 381,691 and 377,530 shares outstanding at June 30, 2025 and December 31, 2024, respectively 400 396
Additional paid-in capital 1,717,673 1,702,219
Accumulated other comprehensive loss (1,928) 1,225
Accumulated deficit (1,245,143) (1,185,651)
Treasury stock at cost: 18,580 shares at June 30, 2025 and December 31, 2024 (46,467) (46,467)
Total stockholders' equity 424,535 471,722
Total liabilities and stockholders' equity $ 556,965 $ 612,345