XML 11 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses:        
Research and development $ 32,275 $ 34,696 $ 61,859 $ 92,271
General and administrative 9,070 12,220 18,527 24,451
Total operating expenses 41,345 46,916 80,386 116,722
Loss from operations (41,345) (46,916) (80,386) (116,722)
Interest income and other, net 4,391 6,637 9,363 13,505
Loss before income taxes (36,954) (40,279) (71,023) (103,217)
Income tax expense (207) (243) (410) (474)
Net loss (37,161) (40,522) (71,433) (103,691)
Other comprehensive loss        
Unrealized loss on available-for-sale investments (81) (99) (196) (487)
Comprehensive loss $ (37,242) $ (40,621) $ (71,629) $ (104,178)
Net loss per share - basic and diluted        
Net loss per share - basic $ (0.44) $ (0.48) $ (0.85) $ (1.23)
Net loss per share - diluted $ (0.44) $ (0.48) $ (0.85) $ (1.23)
Weighted-average number of common shares - basic and diluted        
Weighted-average number of common shares - basic 83,747,335 84,253,700 84,449,318 84,069,646
Weighted-average number of common shares - diluted 83,747,335 84,253,700 84,449,318 84,069,646