XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating expenses        
Research and development $ 27,247 $ 11,179 $ 59,229 $ 29,025
General and administrative 5,018 4,860 15,191 13,627
Total operating expenses 32,265 16,039 74,420 42,652
Loss from operations (32,265) (16,039) (74,420) (42,652)
Other income (expense)        
Interest income 3,504 3,124 11,325 6,840
Interest expense (1,027) 0 (3,031) 0
Change in fair value of embedded derivatives (10) 0 1,040 0
Other income (expense), net 33 (42) (89) (62)
Total other income 2,500 3,082 9,245 6,778
Net loss (29,765) (12,957) (65,175) (35,874)
Other comprehensive gain (loss)        
Unrealized gain on marketable securities 682 137 206 242
Comprehensive loss $ (29,083) $ (12,820) $ (64,969) $ (35,632)
Net loss per common share, basic (in dollars per share) $ (0.50) $ (0.24) $ (1.09) $ (0.79)
Net loss per common share, diluted (in dollars per share) $ (0.50) $ (0.24) $ (1.09) $ (0.79)
Weighted-average shares outstanding, basic (in shares) 60,079,778 54,229,630 59,990,844 45,474,953
Weighted-average shares outstanding diluted (in shares) 60,079,778 54,229,630 59,990,844 45,474,953