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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Federal contract revenue $ 1,891 $ 1,785 $ 10,753 $ 5,088
Total revenue 7,338 2,340 23,799 18,316
Expenses:        
Research and development 23,661 19,002 73,006 58,488
Selling, general and administrative 14,868 13,389 45,794 42,187
Cost of IP license fee       1,169
Total expenses 38,984 32,439 119,847 101,892
Loss from operations (31,646) (30,099) (96,048) (83,576)
Interest income 1,895 514 6,366 610
Interest expense (4,242) (2,634) (12,597) (6,982)
Gain from sale of priority review voucher, net   107,375   107,375
Other income (expense), net 1,021 (114) 1,105 (1,179)
(Loss) income before income taxes (32,972) 75,042 (101,174) 16,248
(Provision) benefit for income taxes   (1,752) 1,538 (1,752)
Net (loss) income (32,972) 73,290 (99,636) 14,496
Net income allocated to preferred shareholders   1,656   336
Net (loss) income applicable to common shareholders $ (32,972) $ 71,634 $ (99,636) $ 14,160
Per share information:        
Net (loss) income per share of common stock-basic $ (0.61) $ 1.93 $ (1.89) $ 0.38
Net (loss) income per share of common stock-diluted $ (0.61) $ 1.89 $ (1.89) $ 0.37
Basic weighted average shares outstanding 53,920,109 37,202,269 52,755,114 37,084,060
Diluted weighted average shares outstanding 53,920,109 37,910,511 52,755,114 38,393,754
Other comprehensive loss:        
Unrealized gain (loss) on available-for-sale securities $ 43   $ (71)  
Total comprehensive (loss) income (32,929) $ 73,290 (99,707) $ 14,496
Product revenue, net        
Revenue:        
Revenue 5,429 555 13,010 555
Expenses:        
Cost of product revenue 455 $ 48 1,047 48
Collaboration revenue        
Revenue:        
Revenue $ 18   $ 36 $ 12,673