v3.23.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 92,093 $ 113,984
Restricted cash, current 524 521
Financial assets:    
Accounts receivable 8,806 31,904
Contract assets 2,248 2,116
Unbilled receivables 10,691 7,016
Total financial assets 21,745 41,036
Less: allowances (133) (163)
Total financial assets, net 21,612 40,873
Inventories 2,052 2,029
Prepaid expenses and other current assets 3,763 5,487
Total current assets 120,044 162,894
Restricted cash 1,530 1,521
Investment in non-marketable equity securities ($0 and $13,921 with a related party) 21,378 20,510
Right-of-use assets - Operating leases, net 36,745 39,263
Property and equipment, net 23,325 22,614
Goodwill 3,241 3,241
Other non-current assets 498 350
Total assets 206,761 250,393
Current liabilities:    
Accounts payable 4,042 3,246
Accrued compensation 8,538 11,453
Other accrued liabilities 7,001 15,279
Current portion of lease obligations - Operating leases 5,626 5,360
Deferred revenue 10,529 13,728
Total current liabilities 35,736 49,066
Deferred revenue, net of current portion 10,110 16,881
Long-term lease obligations - Operating leases 35,379 38,278
Other long-term liabilities 1,405 1,371
Total liabilities 82,630 105,596
Commitments and Contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.0001 par value per share; 5,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value per share; 100,000 shares authorized; 69,804 shares and 65,811 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 6 6
Additional paid-in capital 579,555 566,081
Accumulated deficit (455,430) (421,290)
Total stockholders' equity 124,131 144,797
Total liabilities and stockholders' equity $ 206,761 $ 250,393

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