v3.24.1.u1
Collaborations and Other Arrangements (Tables)
 3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Changes in Accounts Receivable and Contract Liabilities

The following table presents changes in the Company’s accounts receivable and contract liabilities during the three months ended March 31, 2024 and 2023 (in thousands):

 

 

Balance at
Beginning of
Period

 

 

Additions

 

 

Deductions

 

 

Balance at End
of Period

 

Three months ended March 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

$

36,456

 

 

$

5,872

 

 

$

(5,901

)

 

$

36,427

 

Contract liabilities - deferred revenue

 

$

60,993

 

 

$

-

 

 

$

(5,369

)

 

$

55,624

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at
Beginning of
Period

 

 

Additions

 

 

Deductions

 

 

Balance at End
of Period

 

Three months ended March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

$

3,768

 

 

$

4,488

 

 

$

(3,350

)

 

$

4,906

 

Contract liabilities - deferred revenue

 

$

63,771

 

 

$

-

 

 

$

(14,566

)

 

$

49,205

 

 
Summary of Revenues Recognized Resulting from Changes in Contract Liability Balance

During the three months ended March 31, 2024 and 2023, the Company recognized the following revenues as a result of changes in the contract liability balance (in thousands):

 

 

Three Months Ended March 31,

 

Revenue recognized in the period from:

 

2024

 

 

2023

 

Amounts included in the contract liability at the beginning of the period

 

$

5,369

 

 

$

11,753