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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Summary of Revenue Significant Expenses and Net Loss for Segment

The following table presents revenue, significant expenses and net loss for the Company's segment (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Collaboration revenue

 

$

183

 

 

$

598

 

 

$

366

 

 

$

1,130

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Clinical related costs

 

 

1,346

 

 

 

5,058

 

 

 

2,632

 

 

 

11,019

 

Employee related costs

 

 

3,074

 

 

 

5,451

 

 

 

6,149

 

 

 

14,926

 

Product development and manufacturing costs

 

 

176

 

 

 

1,415

 

 

 

309

 

 

 

2,898

 

Facilities, support costs and depreciation

 

 

2,669

 

 

 

3,708

 

 

 

5,341

 

 

 

7,773

 

Professional, consulting and public company costs

 

 

1,346

 

 

 

2,771

 

 

 

2,319

 

 

 

5,843

 

Impairment of property and equipment

 

 

 

 

 

1,883

 

 

 

 

 

 

1,883

 

Impairment of right-of-use assets

 

 

 

 

 

22,836

 

 

 

 

 

 

22,836

 

Restructuring and other related charges

 

 

398

 

 

 

6,450

 

 

 

1,283

 

 

 

6,450

 

Total operating expenses

 

 

9,009

 

 

 

49,572

 

 

 

18,033

 

 

 

73,628

 

Loss from operations

 

 

(8,826

)

 

 

(48,974

)

 

 

(17,667

)

 

 

(72,498

)

Other income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

410

 

 

 

855

 

 

 

708

 

 

 

1,941

 

Other income:

 

 

981

 

 

 

 

 

 

981

 

 

 

 

Total other income

 

 

1,391

 

 

 

855

 

 

 

1,689

 

 

 

1,941

 

Loss before income tax expense

 

 

(7,435

)

 

 

(48,119

)

 

 

(15,978

)

 

 

(70,557

)

Income tax expense

 

 

(2

)

 

 

(12

)

 

 

(6

)

 

 

(26

)

Net loss

 

$

(7,437

)

 

$

(48,131

)

 

$

(15,984

)

 

$

(70,583

)