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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 293,815 $ 339,154
Accounts receivable 50,000 2,045
Prepaid expenses and other current assets 10,926 9,022
Research and development incentives receivable 26,512 19,162
Total current assets 381,253 369,383
Property and equipment, net 18,261 19,110
Operating lease right-of-use assets 18,721 13,658
Other assets 10,566 8,458
Total assets 428,801 410,609
Current liabilities:    
Accounts payable 2,813 6,472
Accrued expenses and other current liabilities 25,212 26,452
Deferred revenue, current portion 24,970 20,418
Total current liabilities 52,995 53,342
Long-term debt, net of discount 30,417 30,315
Operating lease liabilities, net of current portion 14,394 10,885
Deferred revenue, net of current portion 83,751 41,455
Other long-term liabilities 4,081 3,829
Total liabilities 185,638 139,826
Commitments and contingencies (Note 11)
Shareholders' equity:    
Ordinary shares, £0.01 nominal value; 59,612,613 and 57,820,181 shares authorized at March 31, 2023 and December 31, 2022, respectively; 30,031,758 and 29,873,893 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 389 387
Additional paid-in capital 612,863 601,105
Accumulated other comprehensive income 71 387
Accumulated deficit (370,160) (331,096)
Total shareholders' equity 243,163 270,783
Total liabilities and shareholders' equity $ 428,801 $ 410,609