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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Federal contract revenue $ 87 $ 1,814 $ 239 $ 8,862
Total revenue 8,056 6,081 15,735 16,461
Expenses:        
Research and development 20,897 21,412 45,015 49,345
Selling, general and administrative 16,710 15,722 35,336 30,926
Restructuring costs 1,950   1,950  
Total expenses 40,292 37,520 83,792 80,863
Loss from operations (32,236) (31,439) (68,057) (64,402)
Interest income 1,109 2,128 2,571 4,471
Interest expense (4,617) (4,208) (8,963) (8,355)
Other (expense) income, net (84) 47 (48) 84
Loss before income taxes (35,828) (33,472) (74,497) (68,202)
Benefit for income taxes   1,538   1,538
Net loss applicable to common shareholders $ (35,828) $ (31,934) $ (74,497) $ (66,664)
Per share information:        
Net loss per share of common stock-basic $ (0.63) $ (0.61) $ (1.31) $ (1.28)
Net loss per share of common stock-diluted $ (0.63) $ (0.61) $ (1.31) $ (1.28)
Basic weighted average shares outstanding 57,064,095 52,551,918 56,957,953 52,162,962
Diluted weighted average shares outstanding 57,064,095 52,551,918 56,957,953 52,162,962
Other comprehensive income:        
Unrealized (loss) gain on available-for-sale securities   $ (188) $ 20 $ (114)
Total comprehensive loss $ (35,828) (32,122) (74,477) (66,778)
Product revenue, net        
Revenue:        
Revenue 7,951 4,249 15,460 7,581
Expenses:        
Cost of product revenue 735 386 1,491 592
Collaboration revenue        
Revenue:        
Revenue $ 18 $ 18 $ 36 $ 18