v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 62,888 $ 66,656
Short-term investments 131,951 171,301
Accounts receivable, net 47,447 3,473
Inventory 201 231
Prepaid expenses and other current assets 3,319 4,532
Total current assets 245,806 246,193
Property and equipment, net 2,308 2,484
Goodwill 44,543 44,543
Operating lease right-of-use-assets 4,646 4,832
Other assets 368 368
Total assets 297,671 298,420
Current liabilities:    
Accounts payable 10,689 14,801
Accrued liabilities 12,948 30,447
Deferred revenue 45,000 0
Current portion of long-term debt 42,056 0
Total current liabilities 110,693 45,248
Long-term debt, net 58,643 100,298
Other long-term liabilities 5,303 6,924
Total liabilities 174,639 152,470
Commitments and contingencies (Note 7)
Stockholders’ Equity:    
Series A Convertible preferred stock; 2,304,147 shares issued and none outstanding at March 31, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value; 450,000,000 shares authorized; 365,559,939 and 363,020,303 shares issued, respectively 366 363
Additional paid-in capital 2,120,365 2,117,325
Accumulated deficit (1,992,537) (1,967,242)
Accumulated other comprehensive income 25 119
Treasury stock, at cost, 2,381,939 and 1,528,008 shares, respectively (5,187) (4,615)
Total stockholders’ equity 123,032 145,950
Total liabilities and stockholders’ equity $ 297,671 $ 298,420
Preferred stock, issued (in shares) 2,304,147 2,304,147
Preferred stock, outstanding (in shares) 0 0