Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 41,054,000 $ 91,139,000
Marketable securities - available-for-sale debt securities (amortized cost of $18,512 and $60,451) net of allowance for expected credit losses of $0 and $0 18,509,000 60,466,000
Accounts receivable, net of allowance for expected credit losses of $0 and $0 4,382,000 1,454,000
Inventory, net 11,759,000 7,320,000
Other current assets and prepaid expenses 27,294,000 27,790,000
Total current assets 102,998,000 188,169,000
Restricted cash 1,950,000 2,067,000
Other non-current assets 377,000 629,000
Operating lease right-of-use assets, net of accumulated amortization of $19,080 and $17,750 19,217,000 19,909,000
Property, plant and equipment, net of accumulated depreciation of $70,048 and $51,893 29,724,000 31,309,000
Intangible assets, net of accumulated amortization of $5,819 and $5,567 3,806,000 3,880,000
Total assets 158,072,000 245,963,000
Current liabilities    
Accounts payable 5,701,000 8,692,000
Operating lease liabilities, current 4,627,000 4,709,000
Accrued expenses and other current liabilities 24,863,000 32,919,000
Restructuring provision 3,437,000 5,911,000
Deferred revenue, current 12,444,000 12,296,000
Total current liabilities 51,072,000 64,527,000
Operating lease liabilities, non-current 18,668,000 19,263,000
Deferred revenue, non-current 95,979,000 95,815,000
Borrowings, non-current 25,411,000 50,237,000
Other liabilities, non-current 4,371,000 4,272,000
Total liabilities 195,501,000 234,114,000
Stockholders' equity    
Common stock - Ordinary shares par value £0.001, 2,039,252,874 authorized and 1,547,093,808 issued and outstanding (2024: 2,039,252,874 authorized and 1,535,653,620 issued and outstanding) 2,099,000 2,085,000
Additional paid in capital 1,106,455,000 1,105,653,000
Accumulated other comprehensive loss (4,412,000) (1,902,000)
Accumulated deficit (1,141,571,000) (1,093,987,000)
Total stockholders' equity (37,429,000) 11,849,000
Total liabilities and stockholders' equity $ 158,072,000 $ 245,963,000