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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 156,944 $ 199,252
Restricted cash 526 525
Short-term investments 148,788 121,407
Accounts receivable, net 112,642 133,563
Inventory 224,000 258,616
Prepaid and other current assets 7,316 11,618
Total current assets 650,216 724,981
Property, plant and equipment, net 24 114
Long-term inventory 74,023 77,615
Operating lease right-of-use asset 7,984 8,310
Other long-term assets 1,250 1,360
Intangible asset, net 17,118 19,304
TOTAL ASSETS 750,615 831,684
Current Liabilities:    
Accounts payable 40,507 52,762
Accrued expenses and other current liabilities 161,047 204,174
Current deferred revenue   2,341
Total current liabilities 201,554 259,277
Long-Term Liabilities:    
Long-term deferred revenue   2,509
Long-term operating lease liability 8,215 8,737
Other long-term liabilities 9,471 9,064
Total liabilities 219,240 279,587
Commitments and contingencies (Note 5)
Stockholders’ Equity:    
Common stock, GBP 0.50 par, unlimited authorized; 421,994,431 shares issued, 411,261,678 shares outstanding as of September 30,2024; 418,141,295 shares issued, 408,824,093 shares outstanding as of December 31, 2023 305,202 302,756
Additional paid-in capital 1,911,445 1,899,456
Treasury stock; 10,732,753 shares as of September 30, 2024; 9,317,202 shares as of December 31, 2023 (65,344) (63,752)
Accumulated deficit (1,619,928) (1,586,363)
Total stockholders’ equity 531,375 552,097
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 750,615 $ 831,684