XML 13 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Revenues $ 21,359 $ 22,295 $ 110,371 $ 37,917
Operating Expenses        
Cost of license and royalty revenues 5,209 10,579 8,645 14,862
Research and development 59,500 48,869 112,587 103,713
General and administrative 19,883 18,855 40,230 37,146
Impairment of long-lived assets       2,101
Other operating expenses (income) 45 29 60 (5)
Total operating expenses 84,637 78,332 161,522 157,817
Loss from operations (63,278) (56,037) (51,151) (119,900)
Other Income (Expense)        
Interest income from licensing 21 29 46 66
Investment income 3,379 3,468 5,880 5,937
Interest expense (10,993) (449) (19,563) (2,422)
Total other income (expense) (7,593) 3,048 (13,637) 3,581
Net loss (70,871) (52,989) (64,788) (116,319)
Other Comprehensive Income        
Unrealized gain (loss) on available-for-sale securities, net 12 963 (9) 2,163
Total other comprehensive income (loss) 12 963 (9) 2,163
Comprehensive loss $ (70,859) $ (52,026) $ (64,797) $ (114,156)
Net loss per share, basic $ (1.38) $ (1.05) $ (1.26) $ (2.41)
Net loss per share, diluted $ (1.38) $ (1.05) $ (1.26) $ (2.41)
Weighted-average common shares outstanding, basic 51,483 50,601 51,423 48,167
Weighted-average common shares outstanding, diluted 51,483 50,601 51,423 48,167
License and royalty [Member]        
Revenues        
Revenues $ 18,465 $ 21,846 $ 105,514 $ 37,190
Service [Member]        
Revenues        
Revenues $ 2,894 $ 449 $ 4,857 $ 727