XML 11 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 5,333 $ 9,477 $ 29,786 $ 21,161
Operating expenses:        
Cost of sales 165 1,401 970 2,160
Research and development 55,498 29,822 114,072 60,011
Sales and marketing 35 50 70 56
General and administrative 11,862 12,750 25,738 26,801
Total operating expenses 67,560 44,023 140,850 89,028
Loss from operations (62,227) (34,546) (111,064) (67,867)
Other (expense) income:        
Interest and other income, net 2,894 3,720 6,536 7,757
Total other income, net 2,894 3,720 6,536 7,757
Net loss before income taxes (59,333) (30,826) (104,528) (60,110)
Provision for income taxes (93) 0 (93) 0
Net loss $ (59,426) $ (30,826) $ (104,621) $ (60,110)
Net loss per share - basic $ (0.85) $ (0.58) $ (1.5) $ (1.13)
Net loss per share - diluted $ (0.85) $ (0.58) $ (1.5) $ (1.13)
Weighted average common shares outstanding - basic 69,926 53,206 69,847 53,059
Weighted average common shares outstanding - diluted 69,926 53,206 69,847 53,059
Net Income (Loss) $ (59,426) $ (30,826) $ (104,621) $ (60,110)
Other comprehensive income (loss):        
Unrealized gain (loss) on available-for-sale securities (91) (44) (196) (72)
Comprehensive income (loss) (59,517) (30,870) (104,817) (60,182)
Product [Member]        
Revenues:        
Total revenues 0 1,068 715 1,726
License and Collaboration Agreements [Member]        
Revenues:        
Total revenues 5,333 7,782 16,382 18,345
Royalty Income [Member]        
Revenues:        
Total revenues $ 0 $ 627 $ 12,689 $ 1,090