Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.24.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 143,991,000 $ 108,033,000
Marketable securities - available-for-sale debt securities (amortized cost of $2,940 and $97,501) net of allowance for expected credit losses of $0 and $0 2,947,000 96,572,000
Accounts receivable, net of allowance for expected credit losses of $0 and $0 821,000 7,435,000
Other current assets and prepaid expenses 59,793,000 43,330,000
Total current assets 207,552,000 255,370,000
Restricted cash 3,026,000 1,569,000
Operating lease right-of-use assets, net of accumulated amortization of $13,220 and $9,470 20,762,000 18,019,000
Property, plant and equipment, net of accumulated depreciation of $46,020 and $38,588 50,946,000 53,516,000
Intangible assets, net of accumulated amortization of $5,155 and $4,676 330,000 442,000
Total assets 282,616,000 328,916,000
Current liabilities    
Accounts payable 8,128,000 4,753,000
Operating lease liabilities, current 5,384,000 2,728,000
Accrued expenses and other current liabilities 30,303,000 31,215,000
Restructuring provision   2,285,000
Deferred revenue, current 28,973,000 23,520,000
Total current liabilities 72,788,000 64,501,000
Operating lease liabilities, non-current 19,851,000 20,349,000
Deferred revenue, non-current 149,060,000 160,892,000
Other liabilities, non-current 1,404,000 1,296,000
Total liabilities 243,103,000 247,038,000
Stockholders' equity    
Common stock - Ordinary shares par value £0.001, 1,702,760,280 authorized and 1,363,008,102 issued and outstanding (2022: 1,282,773,750 authorized and 987,109,890 issued and outstanding) 1,865,000 1,399,000
Additional paid in capital 1,064,569,000 990,656,000
Accumulated other comprehensive loss (3,748,000) (875,000)
Accumulated deficit (1,023,173,000) (909,302,000)
Total stockholders' equity 39,513,000 81,878,000
Total liabilities and stockholders' equity $ 282,616,000 $ 328,916,000