XML 100 R72.htm IDEA: XBRL DOCUMENT v3.24.3
Summary of Significant Accounting Policies - Earnings per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 18, 2023
Dec. 31, 2022
Numerator:                        
Net income (loss) $ 13,654 $ (20,217) $ (18,492) $ (16,921) $ (14,577) $ (11,860) $ (12,263) $ (55,630) $ (38,700) $ (36,317)   $ (55,189)
Denominator:                        
Weighted-average shares outstanding used in computing net income (loss) per share, basic (in shares) 491,867 [1] 16,953,443 [2]     446,255 [2]     16,932,976 [2] 441,498 [2]      
Net income (loss) per share, basic (in dollars per share) $ 27.76 [1] $ (1.19) [2]     $ (32.67) [2]     $ (3.29) [2] $ (87.66) [2]      
Numerator:                        
Net income (loss) $ 13,654 $ (20,217) $ (18,492) $ (16,921) $ (14,577) $ (11,860) $ (12,263) $ (55,630) $ (38,700) $ (36,317)   (55,189)
Denominator:                        
Weighted-average shares outstanding used in computing net income (loss) per share, basic (in shares) 491,867 [1] 16,953,443 [2]     446,255 [2]     16,932,976 [2] 441,498 [2]      
Weighted-average effect of dilutive securities:                        
Warrants to purchase common stock (in shares) 4,063,361                      
Options to purchase common stock (in shares) 101,719                      
Weighted-average shares outstanding used in computing net income (loss) per share, diluted (in shares) 4,656,947 [1] 16,953,443 [2]     446,255 [2]     16,932,976 [2] 441,498 [2]      
Net income (loss) per share, diluted (in dollars per share) $ 2.93 [1] $ (1.19) [2]     $ (32.67) [2]     $ (3.29) [2] $ (87.66) [2]      
Class A Common Stock                        
Numerator:                        
Net income (loss)                 $ (38,700)   $ (49,971) $ (55,189)
Denominator:                        
Weighted-average shares outstanding used in computing net income (loss) per share, basic (in shares)                 441,498   426,097 [1] 394,533 [1]
Net income (loss) per share, basic (in dollars per share)                 $ (87.66)   $ (117.28) [1] $ (139.88) [1]
Numerator:                        
Net income (loss)                 $ (38,700)   $ (49,971) $ (55,189)
Denominator:                        
Weighted-average shares outstanding used in computing net income (loss) per share, basic (in shares)                 441,498   426,097 [1] 394,533 [1]
Weighted-average effect of dilutive securities:                        
Warrants to purchase common stock (in shares)                     0 0
Options to purchase common stock (in shares)                     0 0
Weighted-average shares outstanding used in computing net income (loss) per share, diluted (in shares)                 441,498   426,097 [1] 394,533 [1]
Net income (loss) per share, diluted (in dollars per share)                 $ (87.66)   $ (117.28) [1] $ (139.88) [1]
Class B Common Stock                        
Numerator:                        
Net income (loss)                 $ 0   $ 0 $ 0
Denominator:                        
Weighted-average shares outstanding used in computing net income (loss) per share, basic (in shares)                 0   0 [1] 0 [1]
Net income (loss) per share, basic (in dollars per share)                 $ 0   $ 0 [1] $ 0 [1]
Numerator:                        
Net income (loss)                 $ 0   $ 0 $ 0
Denominator:                        
Weighted-average shares outstanding used in computing net income (loss) per share, basic (in shares)                 0   0 [1] 0 [1]
Weighted-average effect of dilutive securities:                        
Warrants to purchase common stock (in shares)                     0 0
Options to purchase common stock (in shares)                     0 0
Weighted-average shares outstanding used in computing net income (loss) per share, diluted (in shares)                 0   0 [1] 0 [1]
Net income (loss) per share, diluted (in dollars per share)                 $ 0   $ 0 [1] $ 0 [1]
[1] On December 18, 2023, the Company completed its reverse merger, which among other things, resulted in Neurogene OpCo merging with and into a wholly owned subsidiary of Neoleukin Therapeutics, Inc. As the earnings per share information for the pre-merger period is not comparable to the earnings per share information for the post-merger period, the earnings per share information is being presented separately for these periods. See Note 3, Net Income (Loss) Per share, for additional information.
(a)Presents information for the pre-merger period for Class A common stock. The pre-merger period is January 1, 2023 through December 17, 2023 for the year ended December 31, 2023 and the full fiscal year ended December 31, 2022.
(b)Presents information for the pre-merger period for Class B common stock. The pre-merger period is January 1, 2023 through December 17, 2023 for the year ended December 31, 2023 and the full fiscal year ended December 31, 2022.
(c)Presents information for the post-merger period for common stock. The post-merger period is December 18, 2023 through December 31, 2023.
[2] For the three and nine months ended September 30, 2023, net loss per share information is presented for the Company’s then outstanding Class A common stock. For the three and nine months ended September 30, 2024, net loss per share information is presented for the Company’s common stock. See Note 1, Reverse Merger and Pre-Closing Financing and Note 3, Net Loss Per Share Attributable to Common Stockholders, for additional information.