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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total revenues $ 497 $ 463,868 $ 2,289 $ 464,322
Operating expenses:        
Cost of contract revenues   (23,178)   (23,178)
Cost of manufacturing services revenues (832)   (832)  
Research and development expenses (46,192) (32,747) (91,195) (64,777)
Selling, general and administrative expenses (12,491) (17,299) (23,478) (30,300)
Total operating expenses (59,515) (73,224) (115,505) (118,255)
Other income 3,186 7,590 3,496 7,942
Other expense (229) (226) (422) (459)
(Loss) / income from operations (56,061) 398,008 (110,142) 353,550
Interest income 35 37 78 77
Interest expense (2,694) (1,902) (5,210) (3,453)
Foreign currency gains, net 19,398 6,583 27,966 11,209
Other non-operating (losses) / gains, net (57)   635  
(Loss) / income before income tax benefit / (expense) (39,379) 402,726 (86,673) 361,383
Income tax benefit / (expense) 318 (3,258) 934 (3,471)
Net (loss) / income (39,061) 399,468 (85,739) 357,912
Other comprehensive loss:        
Foreign currency translation adjustments (28,324) (6,942) (38,774) (14,502)
Total comprehensive (loss) / gain $ (67,385) $ 392,526 $ (124,513) $ 343,410
Earnings per ordinary share - basic        
Basic net (loss) / income per ordinary share $ (0.84) $ 8.68 $ (1.84) $ 7.82
Earnings per ordinary share - diluted        
Diluted net (loss) / income per ordinary share $ (0.84) $ 8.51 $ (1.84) $ 7.67
Weighted average shares - basic 46,668,554 46,037,900 46,634,026 45,754,766
Weighted average shares - diluted 46,668,554 46,929,870 46,634,026 46,678,835
License revenues        
Total revenues   $ 462,400   $ 462,400
Collaboration revenues        
Total revenues $ 497 $ 1,468 $ 2,289 $ 1,922