2024 Q1 Form 10-K Financial Statement

#000165066424000008 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $1.135M $60.05M $78.12M
YoY Change -88.48% 818.74% 296.32%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $19.34M $14.46M $69.65M
YoY Change -15.95% -19.62% -1.49%
% of Gross Profit
Research & Development $48.79M $69.56M $177.7M
YoY Change 29.05% 33.77% 1.54%
% of Gross Profit
Depreciation & Amortization $1.409M $1.466M $6.100M
YoY Change -8.74% -7.04% -3.17%
% of Gross Profit
Operating Expenses $68.13M $84.01M $247.3M
YoY Change 12.03% 20.05% 0.67%
Operating Profit -$66.99M -$169.2M
YoY Change 31.46% -25.12%
Interest Expense $5.035M $5.102M $17.57M
YoY Change 43.49% 259.55% 315.76%
% of Operating Profit
Other Income/Expense, Net $5.041M -$14.00K $15.96M
YoY Change 161.87% -101.09% 189.27%
Pretax Income -$61.95M -$18.87M -$153.2M
YoY Change 26.34% -68.93% -30.49%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$61.95M -$18.87M -$153.2M
YoY Change 26.34% -68.93% -30.49%
Net Earnings / Revenue -5458.15% -31.43% -196.13%
Basic Earnings Per Share -$0.76 -$2.02
Diluted Earnings Per Share -$0.76 -$0.23 -$2.02
COMMON SHARES
Basic Shares Outstanding 81.81M shares 81.67M shares 75.97M shares
Diluted Shares Outstanding 81.94M shares 75.97M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $296.2M $323.1M $323.1M
YoY Change -6.99% -6.15% -6.15%
Cash & Equivalents $69.23M $123.7M $123.7M
Short-Term Investments $226.9M $199.5M $199.5M
Other Short-Term Assets $9.139M $7.531M $7.531M
YoY Change 58.2% 2.67% 2.67%
Inventory
Prepaid Expenses
Receivables $245.0K $10.19M $10.19M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $305.6M $340.8M $340.8M
YoY Change -5.83% -4.46% -4.46%
LONG-TERM ASSETS
Property, Plant & Equipment $13.26M $12.03M $45.71M
YoY Change 0.35% -22.72% -22.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $80.61M $104.0M $104.0M
YoY Change -3.28% 11.74% 11.74%
Other Assets $9.487M $8.588M $8.588M
YoY Change 40.49% 63.49% 63.49%
Total Long-Term Assets $134.8M $158.3M $158.3M
YoY Change -3.48% 0.48% 0.48%
TOTAL ASSETS
Total Short-Term Assets $305.6M $340.8M $340.8M
Total Long-Term Assets $134.8M $158.3M $158.3M
Total Assets $440.3M $499.2M $499.2M
YoY Change -5.12% -2.95% -2.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.966M $8.269M $8.269M
YoY Change -11.95% -13.06% -13.06%
Accrued Expenses $31.48M $34.56M $46.73M
YoY Change -0.25% 10.44% 10.26%
Deferred Revenue $14.68M $8.221M
YoY Change 78.62% 0.0%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $66.49M $63.22M $63.22M
YoY Change 16.33% 5.17% 5.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.473M $1.800M $86.84M
YoY Change -96.12% -98.08% -7.15%
Total Long-Term Liabilities $3.473M $1.800M $86.84M
YoY Change -96.12% -98.08% -7.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.49M $63.22M $63.22M
Total Long-Term Liabilities $3.473M $1.800M $86.84M
Total Liabilities $145.9M $150.1M $150.1M
YoY Change -0.47% -2.33% -2.33%
SHAREHOLDERS EQUITY
Retained Earnings -$1.300B -$1.200B
YoY Change 18.18% 9.09%
Common Stock $1.588B $1.580B
YoY Change 9.75% 9.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $294.4M $349.1M $349.1M
YoY Change
Total Liabilities & Shareholders Equity $440.3M $499.2M $499.2M
YoY Change -5.12% -2.95% -2.95%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$61.95M -$18.87M -$153.2M
YoY Change 26.34% -68.93% -30.49%
Depreciation, Depletion And Amortization $1.409M $1.466M $6.100M
YoY Change -8.74% -7.04% -3.17%
Cash From Operating Activities -$49.87M -$22.24M -$132.2M
YoY Change 39.43% -47.39% -25.47%
INVESTING ACTIVITIES
Capital Expenditures $1.871M $1.307M $4.719M
YoY Change 1.68% 109.46% 14.59%
Acquisitions
YoY Change
Other Investing Activities -$2.874M $64.15M $988.0K
YoY Change -111.45% -338.43% -99.16%
Cash From Investing Activities -$4.745M $62.84M -$3.731M
YoY Change -120.39% -328.28% -103.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $117.1M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $192.0K 514.0K $118.0M
YoY Change -16.96% 9093.07%
NET CHANGE
Cash From Operating Activities -$49.87M -22.24M -$132.2M
Cash From Investing Activities -$4.745M 62.84M -$3.731M
Cash From Financing Activities $192.0K 514.0K $118.0M
Net Change In Cash -$54.43M 41.11M -$17.87M
YoY Change 335.37% -159.43% -71.18%
FREE CASH FLOW
Cash From Operating Activities -$49.87M -$22.24M -$132.2M
Capital Expenditures $1.871M $1.307M $4.719M
Free Cash Flow -$51.74M -$23.55M -$136.9M
YoY Change 37.59% -45.11% -24.56%

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CY2023 edit Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
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CY2022 edit Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
17475000 usd
CY2021 edit Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
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IncreaseDecreaseInOtherNoncurrentAssets
3335000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1558000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
2108000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1492000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4368000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4114000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10505000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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CY2023 us-gaap Increase Decrease In Contract With Customer Liability
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0 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-7410000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
17568000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-10494000 usd
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1800000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
0 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
0 usd
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-132178000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-177349000 usd
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CY2022 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
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CY2021 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
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258517000 usd
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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CY2021 us-gaap Payments To Acquire Marketable Securities
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ProceedsFromSaleAndMaturityOfMarketableSecurities
259505000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
433354000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
362402000 usd
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
114068000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2021 us-gaap Proceeds From Stock Options Exercised
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31495000 usd
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CY2022 us-gaap Proceeds From Stock Plans
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CY2021 us-gaap Proceeds From Stock Plans
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1152000 usd
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NetCashProvidedByUsedInFinancingActivities
118039000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1284000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
63837000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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145399000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
207396000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
143559000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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127529000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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145399000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
207396000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
845000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1440000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
749000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
12428000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
14851000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
13094000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2752000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
29861000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10736000 usd
CY2023 us-gaap Nature Of Operations
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Nature of Business<div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Editas Medicine, Inc. (the “Company”) is a clinical stage genome editing company dedicated to developing potentially transformative genomic medicines to treat a broad range of serious diseases. The Company was incorporated in the state of Delaware in September 2013. Its principal offices are in Cambridge, Massachusetts.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since its inception, the Company has devoted substantially all of its efforts to business planning, research and development, recruiting management and technical staff, and raising capital. The Company has primarily financed its operations through various equity financings, payments received under a research collaboration with Juno Therapeutics, a wholly-owned subsidiary of the Bristol-Myers Squibb Company (“BMS”), payments received under a strategic alliance and option agreement with Allergan Pharmaceuticals International Limited </span><span style="background-color:#ffffff;color:#212529;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(together with its affiliates, “Allergan”) and payments received in conjunction with the Company’s license agreement with Vertex Pharmaceuticals, Inc (“Vertex”). </span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to risks common to companies in the biotechnology industry, including but not limited to, risks of failure of preclinical studies and clinical trials, the need to obtain marketing approval for any drug product candidate that it may identify and develop, the need to successfully commercialize and gain market acceptance of its product candidates, dependence on key personnel, protection of proprietary technology, compliance with government regulations, development by competitors of technological innovations and ability to transition from pilot-scale manufacturing to large-scale production of products.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Liquidity</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2023, the Company has raised an aggregate of $1.0 billion in net proceeds through the sale of shares of its common stock in public offerings and at-the-market offerings. The Company also has funded its business from payments received under its license agreement with Vertex, its research collaboration with BMS and its former strategic alliance with Allergan. As of December 31, 2023, the Company had cash, cash equivalents and marketable securities of $427.1 million.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In May 2021, the Company entered into a common stock sales agreement with Cowen and Company, LLC (“Cowen”), under which the Company from time to time can issue and sell shares of its common stock through Cowen in at-the-market offerings for aggregate gross sale proceeds of up to $300.0 million (the “ATM Facility”). As of December 31, 2023 the Company has not sold any shares of its common stock under the ATM Facility. </span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has incurred annual net operating losses in every year since its inception. The Company has an accumulated deficit of $1.2 billion at December 31, 2023. As of February 28, 2024, the issuance date of the consolidated financial statements, the Company expects that its existing cash, cash equivalents and marketable securities will be sufficient to fund its operating expenses and capital expenditure requirements for at least twelve months from the issuance date of the consolidate financial statements. The Company has never generated any product revenue. There can be no assurance that the Company will be able to obtain additional debt or equity financing or generate product revenue or revenues from collaborative partners, on terms acceptable to the Company, on a timely basis or at all. The failure of the Company to obtain sufficient funds on acceptable terms when needed could have a material adverse effect on the Company’s business, results of operations, and financial condition.</span></div>
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
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1000000000 usd
CY2023Q4 edit Cash Cash Equivalents And Marketable Securities Investments Total
CashCashEquivalentsAndMarketableSecuritiesInvestmentsTotal
427100000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2023 us-gaap Use Of Estimates
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. On an ongoing basis, the Company’s management evaluates its estimates, which include, but are not limited to, estimates related to revenue recognition, stock-based compensation expense, the accrual for research and development expenses, valuations of in-process research and development assets and deferred tax valuation allowances. The Company bases its estimates on historical experience and other market-specific or relevant assumptions that it believes to be reasonable under the circumstances. Actual results may differ from those estimates or assumptions.</span></div>
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3900000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
141522000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3877000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3877000 usd
CY2023Q4 edit Cash Cash Equivalents Restricted Cash Restricted Cash Equivalents And Debt Securities Available For Sale
CashCashEquivalentsRestrictedCashRestrictedCashEquivalentsAndDebtSecuritiesAvailableForSale
127529000 usd
CY2022Q4 edit Cash Cash Equivalents Restricted Cash Restricted Cash Equivalents And Debt Securities Available For Sale
CashCashEquivalentsRestrictedCashRestrictedCashEquivalentsAndDebtSecuritiesAvailableForSale
145399000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk and Off-Balance Sheet Risk</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has no financial instruments with off-balance sheet risk such as foreign exchange contracts, option contracts, or other foreign hedging arrangements. Financial instruments that potentially subject the Company to a concentration of credit risk are cash, cash equivalents, marketable securities and receivables owed to the Company from </span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">collaboration partners. The Company’s cash, cash equivalents and marketable securities are held in accounts at a financial institution that may exceed federally insured limits. The Company has not experienced any credit losses in such accounts and does not believe it is exposed to any significant credit risk on these funds.</span></div>
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
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CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
611000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
413000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
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CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
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CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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19000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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3620000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
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437371000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
0 security
CY2023Q4 edit Marketable Securities Noncurrent Number Of Securities
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23 security
CY2023Q4 us-gaap Marketable Securities Noncurrent
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104000000 usd
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38292000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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37095000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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26260000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21526000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12032000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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15569000 usd
CY2023 us-gaap Depreciation
Depreciation
6100000 usd
CY2022 us-gaap Depreciation
Depreciation
6300000 usd
CY2021 us-gaap Depreciation
Depreciation
5100000 usd
CY2023Q4 edit Accrued External Research And Development Expenses Current
AccruedExternalResearchAndDevelopmentExpensesCurrent
16204000 usd
CY2022Q4 edit Accrued External Research And Development Expenses Current
AccruedExternalResearchAndDevelopmentExpensesCurrent
16452000 usd
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11280000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10140000 usd
CY2023Q4 edit Sublicense And License Fees
SublicenseAndLicenseFees
5063000 usd
CY2022Q4 edit Sublicense And License Fees
SublicenseAndLicenseFees
559000 usd
CY2023Q4 edit Intellectual Property And Patent Related Fees
IntellectualPropertyAndPatentRelatedFees
983000 usd
CY2022Q4 edit Intellectual Property And Patent Related Fees
IntellectualPropertyAndPatentRelatedFees
1809000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
750000 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
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1260000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
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283000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
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1076000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
34563000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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31296000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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33680000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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43648000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
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12164000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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11082000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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24372000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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32864000 usd
CY2023 us-gaap Operating Lease Cost
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15200000 usd
CY2022 us-gaap Operating Lease Cost
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13600000 usd
CY2021 us-gaap Operating Lease Cost
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10900000 usd
CY2023 us-gaap Variable Lease Cost
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3300000 usd
CY2022 us-gaap Variable Lease Cost
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3000000 usd
CY2021 us-gaap Variable Lease Cost
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2100000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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14847000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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8391000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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7134000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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7076000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6000000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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43448000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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6912000 usd
CY2023Q4 us-gaap Operating Lease Liability
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36536000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.089
CY2022Q4 us-gaap Receivables Net Current
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5145000 usd
CY2023 edit Accounts Receivable Additions
AccountsReceivableAdditions
14864000 usd
CY2023 edit Accounts Receivable Deductions
AccountsReceivableDeductions
9822000 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
10187000 usd
CY2022Q4 us-gaap Contract With Customer Liability
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68888000 usd
CY2023 edit Contract With Customer Liability Additions
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0 usd
CY2023 edit Contract With Customer Liability Deductions
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0 usd
CY2023Q4 us-gaap Contract With Customer Liability
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68888000 usd
CY2016Q1 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 edit Number Of Inducement Grants
NumberOfInducementGrants
3 grant
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
20542532 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
17888611 shares
CY2023 us-gaap Allocated Share Based Compensation Expense
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19798000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
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29294000 usd
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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2
CY2023 edit Defined Contribution Plan Maximum Annual Contributions Per Employee Matching Contribution Amount
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6000 usd
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03
CY2023 us-gaap Defined Contribution Plan Cost Recognized
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1200000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1400000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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1200000 usd
CY2022 us-gaap Income Tax Expense Benefit
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CY2023 edit Effective Income Tax Rate Reconciliation Covered Employees Percent
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CY2022 edit Effective Income Tax Rate Reconciliation Covered Employees Percent
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.043
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.023
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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0
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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CY2023Q4 edit Deferred Tax Assets Lease Liability
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CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
18791000 usd
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
17495000 usd
CY2023Q4 edit Deferred Tax Assets Liabilities Depreciation And Amortization Net
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CY2023Q4 us-gaap Deferred Tax Assets Other
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7323000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
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CY2023Q4 us-gaap Deferred Income Tax Liabilities
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CY2023Q4 edit Deferred Tax Liabilities Right Of Use Assets
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CY2023 edit Increase Decrease In Deferred Tax Assets Research And Devolopment
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q4 ecd Rule10b51 Arr Adopted Flag
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CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
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false

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