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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Federal contract revenue $ 1,785 $ 1,127 $ 5,088 $ 4,838
Total revenue 2,340 10,114 18,316 13,825
Expenses:        
Research and development 19,002 18,353 58,488 55,506
Selling, general and administrative 13,389 9,452 42,187 26,656
Cost of IP license fee     1,169  
Total expenses 32,439 29,283 101,892 83,640
Loss from operations (30,099) (19,169) (83,576) (69,815)
Interest income 514 17 610 57
Interest expense (2,634) (678) (6,982) (1,029)
Gain from sale of priority review voucher, net 107,375   107,375  
Other (expense) income, net (114) 323 (1,179) 316
Income (loss) before income taxes 75,042 (19,507) 16,248 (70,471)
Provision for income taxes (1,752)   (1,752)  
Net income (loss) and comprehensive income (loss) 73,290 (19,507) 14,496 (70,471)
Net income allocated to preferred shareholders 1,656   336  
Net income (loss) applicable to common shareholders $ 71,634 $ (19,507) $ 14,160 $ (70,471)
Per share information:        
Net income (loss) per share of common stock-basic $ 1.93 $ (0.53) $ 0.38 $ (1.92)
Net income (loss) per share of common stock-diluted $ 1.89 $ (0.53) $ 0.37 $ (1.92)
Basic weighted average shares outstanding 37,202,269 36,744,591 37,084,060 36,667,472
Diluted weighted average shares outstanding 37,910,511 36,744,591 38,393,754 36,667,472
Product revenue, net        
Revenue $ 555   $ 555  
Expenses:        
Cost of goods and services sold $ 48   48  
Collaboration revenue        
Revenue   $ 8,987 $ 12,673 $ 8,987
Expenses:        
Cost of goods and services sold   $ 1,478   $ 1,478