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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (15,520) $ (18,223)
Adjustments to reconcile net (loss)/income to net cash used in operating activities:    
Share based compensation 1,615 2,222
Depreciation and amortization 1,430 1,221
Non-cash lease expenses 359 279
Unrealized foreign exchange (gain)/loss (1,026) 3,504
Change in contingent consideration 60 85
Non cash interest expense 12 0
Deferred tax benefit (37) (516)
Changes in operating assets and liabilities:    
Accounts receivable (including related parties) 0 4,961
Prepaid expenses and other current assets 1,875 4,090
Research and development incentives receivable (331) 2,102
Accounts payable (524) (1,707)
Accrued expenses and other current liabilities (823) (1,315)
Deferred income 1,434 0
Operating lease liabilities (346) 0
Other assets 0 123
Net cash used in operating activities (11,822) (3,174)
Net cash used in operating activities    
Purchases of property and equipment (308) (2,507)
Net cash used in investing activities (308) (2,507)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issue of ordinary shares, net of issuance costs 503 1,789
Issue of shares from the exercise of stock options [1] 0 0
Payment of contingent consideration 0 (100)
Net cash provided by financing activities 503 1,689
Effect of exchange rates on cash, cash equivalents and restricted cash (492) 935
Net decrease in cash, cash equivalents and restricted cash (12,119) (3,057)
Cash, cash equivalents and restricted cash, beginning of the period 142,090 194,385
Cash, cash equivalents and restricted cash, end of the period 129,971 191,328
Supplemental cash flow disclosures:    
Cash paid for interest 0 0 [1]
Cash paid for income taxes 0 0 [1]
Non-Cash investing and financing activities    
Issue of ordinary shares 0 0 [1]
Purchases of property and equipment included in accounts payable and accrued liabilities 95 2,247
Asset retirement obligation 0 282
Changes to right-of-use asset resulting from lease reassessment event $ 0 $ 4
[1] Indicates amounts less than one thousand