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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total revenue, net $ 57,192 $ 41,494 $ 107,495 $ 75,903
Operating expenses        
Cost of sales 8,909 1,563 16,661 1,984
Selling, general and administrative 44,934 47,081 92,629 97,205
Research and development 4,080 12,650 9,631 25,808
Restructuring expenses 1,072 0 7,755 0
Other income, net (290) (3,630) (4,415) (3,340)
Total cost of sales and operating expenses 58,705 57,664 122,261 121,657
Loss from operations (1,513) (16,170) (14,766) (45,754)
Interest expense (1,198) (65) (2,481) (65)
Interest income 4,189 4,101 8,715 7,915
Net income (loss) before income taxes 1,478 (12,134) (8,532) (37,904)
Income tax expense (benefit) 756 (642) 1,495 (206)
Net income (loss) 722 (11,492) (10,027) (37,698)
Other comprehensive (loss) gain:        
Unrealized (loss) gain on available-for-sale securities, net of tax of nil (5) (32) (129) 41
Comprehensive income (loss) $ 717 $ (11,524) $ (10,156) $ (37,657)
Net income (loss) per share:        
Basic (in usd per share) $ 0.01 $ (0.08) $ (0.07) $ (0.26)
Diluted (in usd per share) $ 0.01 $ (0.08) $ (0.07) $ (0.26)
Weighted-average common shares outstanding:        
Basic (in shares) 143,327 142,777 143,507 142,904
Diluted (in shares) 144,110 142,777 143,507 142,904
Product revenue, net        
Revenue        
Total revenue, net $ 55,028 $ 41,100 $ 103,101 $ 75,437
License, collaboration and royalty revenue        
Revenue        
Total revenue, net $ 2,164 $ 394 $ 4,394 $ 466