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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 147,767 $ 148,615
Investment securities, available-for-sale 350,174 443,290
Restricted cash 1,750 1,750
Accounts receivable, net 114,018 75,189
Inventory 11,647 23,920
Prepaid expenses and other current assets 42,443 45,193
Total current assets 667,799 737,957
Property and equipment, net 1,654 1,913
Right of use assets, net 12,928 14,824
Inventory, non-current 38,621 0
Other assets 7,293 86
Total assets 728,295 754,780
Current liabilities:    
Accounts payable 11,452 10,395
Accrued and other current liabilities 27,944 19,657
Accrued customer programs 53,173 25,621
Accrued employee benefits 27,364 22,996
Operating lease liabilities 3,612 4,567
Total current liabilities 123,545 83,236
Operating lease liabilities, non-current 13,326 15,474
Total liabilities 136,871 98,710
Stockholders’ equity:    
Common stock, $0.0001 par value: 175,000,000 shares authorized at December 31, 2023 and December 31, 2022, respectively; 96,379,811 and 94,829,794 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 10 9
Additional paid-in capital 2,208,470 2,137,737
Accumulated deficit (1,617,160) (1,477,486)
Accumulated comprehensive income (loss) 104 (4,190)
Total stockholders’ equity 591,424 656,070
Total liabilities and stockholders’ equity $ 728,295 $ 754,780