v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 119,524 $ 121,038
Restricted cash 300 300
Short-term investments 162,263 173,182
Accounts receivable, net 106,734 122,279
Inventory 159,490 166,048
Prepaid and other current assets 24,750 12,552
Total current assets 573,061 595,399
Property, plant and equipment, net 15 16
Long-term inventory 57,404 64,740
Operating lease right-of-use asset 8,363 7,592
Other long-term assets 1,174 1,213
Intangible asset, net 15,660 16,389
TOTAL ASSETS 655,677 685,349
Current Liabilities:    
Accounts payable 45,661 40,366
Accrued expenses and other current liabilities 116,747 139,583
Total current liabilities 162,408 179,949
Long-Term Liabilities:    
Long-term operating lease liability 7,940 7,723
Other long-term liabilities 11,642 11,501
Total liabilities 181,990 199,173
Commitments and contingencies (Note 5)
Stockholders’ Equity:    
Ordinary Shares, GBP 0.50 par value per share, unlimited authorized; 426,842,639 shares issued, 41,365,249 shares outstanding as of March 31, 2025; 422,256,960 shares issued, 411,584,911 shares outstanding as of December 31, 2024 308,152 305,298
Additional paid-in capital 1,916,223 1,914,750
Treasury stock; 12,477,390 shares as of March 31, 2025; 10,672,049 shares as of December 31, 2024 (66,445) (65,326)
Accumulated deficit (1,684,243) (1,668,546)
Total stockholders’ equity 473,687 486,176
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 655,677 $ 685,349