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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses:        
Research and development $ 5,806 $ 6,531 $ 8,917 $ 10,252
General and administrative 3,063 650 4,306 1,377
Total operating expenses 8,869 7,181 13,223 11,629
Loss from operations (8,869) (7,181) (13,223) (11,629)
Interest income 377 206 652 452
Other income, net 12,659   7,159  
Net income (loss) $ 4,167 $ (6,975) $ (5,412) $ (11,177)
Net income (loss) per share attributable to common stockholders, Basic (in dollars per share) $ 0.51 $ (2.71) $ (1) $ (4.34)
Net loss per share attributable to common stockholders, Diluted (in dollars per share) $ (1) $ (2.71) $ (2.04) $ (4.34)
Weighted-average common shares outstanding, Basic (in shares) 8,246,582 2,574,767 5,426,688 2,573,693
Weighted-average common shares outstanding, Diluted (in shares) 8,455,223 2,574,767 6,160,967 2,573,693
Comprehensive income (loss):        
Net income (loss) $ 4,167 $ (6,975) $ (5,412) $ (11,177)
Unrealized loss on short-term investments (15)   (13)  
Comprehensive income (loss) $ 4,152 $ (6,975) $ (5,425) $ (11,177)