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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Revenues $ 0 $ 5,894 $ 65,297 $ 47,359
Operating expenses:        
Research and development 5,220 15,104 12,617 49,880
General and administrative 4,609 7,181 19,158 23,163
Total operating expenses 9,829 22,285 31,775 73,043
(Loss) income from operations (9,829) (16,391) 33,522 (25,684)
Other income (expense):        
Change in fair value of warrant liability 0 0 0 1,603
Interest and dividend income 706 957 2,669 2,282
Other expense, net (4) (4) (7) (10)
Total other income, net 702 953 2,662 3,875
Net (loss) income $ (9,127) $ (15,438) $ 36,184 $ (21,809)
Net (loss) income per share - basic and diluted:        
Basic $ (1.37) $ (2.32) $ 5.43 $ (3.27)
Diluted $ (1.37) $ (2.32) $ 5.43 $ (3.27)
Weighted-average shares used in computing net (loss) income per share - basic and diluted:        
Basic 6,663 6,663 6,663 6,663
Diluted 6,663 6,663 6,663 6,663
Revenue from customers        
Revenues $ 0 $ 5,894 $ 752 $ 47,359
Revenue from collaboration agreements        
Revenues $ 0 $ 0 $ 64,545 $ 0