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CONDENSED 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
Product revenue, net $ 563 $ 0 $ 563 $ 0
Costs and operating expenses:        
Cost of revenue 268 0 268 0
Research and development 20,914 15,601 40,768 37,664
Selling, general and administrative 13,278 10,204 30,713 17,445
Gain on sale of non-financial asset (Note 17) (105,000) 0 (105,000) 0
Total operating (income) expense (70,540) 25,805 (33,251) 55,109
Loss from operations 71,103 (25,805) 33,814 (55,109)
Other income (expense), net:        
Interest income 1,565 914 2,631 1,749
Interest expense (2,176) (1,148) (4,050) (2,257)
Other income, net 144 202 249 325
Total other income (expense), net 19,748 (29,892) 5,290 (24,604)
Income (loss) before provision for income taxes 90,851 (55,697) 39,104 (79,713)
Provision for income taxes 18 15 37 19
Net income (loss) $ 90,833 $ (55,712) $ 39,067 $ (79,732)
Net loss per share attributable to common stockholders—basic $ 0.45 $ (0.33) $ 0.20 $ (0.51)
Net loss per share attributable to common stockholders—diluted $ 0.45 $ (0.33) $ 0.19 $ (0.51)
Weighted average shares of common stock outstanding—basic 200,440,473 168,737,764 200,216,035 157,415,524
Weighted average shares of common stock outstanding—diluted 200,801,311 168,737,764 200,455,883 157,415,524
Supplemental Income Statement Elements [Abstract]        
Change in unrealized loss on marketable debt securities $ (6) $ 0 $ (42) $ 0
Comprehensive income (loss) 90,827 (55,712) 39,025 (79,732)
Warrant Liability        
Other income (expense), net:        
Change in fair value of warrant liability $ 20,215 $ (29,860) $ 6,460 $ (24,421)