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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Revenue $ 87,700,000 $ 137,423,000 $ 267,110,000 $ 201,922,000
Operating costs and expenses:        
Sales and marketing 16,971,000 1,529,000 51,139,000 1,959,000
Research and development 44,000,000 4,662,000 72,787,000 12,071,000
General and administrative 25,411,000 11,382,000 52,321,000 23,252,000
Restructuring charges 1,883,000 0 1,883,000 0
Total operating costs and expenses 190,163,000 72,715,000 366,725,000 122,459,000
(Loss) income from operations (102,463,000) 64,708,000 (99,615,000) 79,463,000
Interest expense (16,000) (9,429,000) (67,000) (9,964,000)
Change in fair value of redeemable convertible preferred stock warrants 0 (190,000) 0 (190,000)
Change in fair value of convertible notes 0 (23,254,000) 0 (23,254,000)
Other income, net 43,000 24,000 49,000 61,000
Net (loss) income before income taxes (102,436,000) 31,859,000 (99,633,000) 46,116,000
Income tax (benefit) expense (3,386,000) 12,050,000 (3,386,000) 13,276,000
Net (loss) income $ (99,050,000) $ 19,809,000 $ (96,247,000) $ 32,840,000
Net (loss) income per share attributable to common stockholders – basic (in dollars per share) $ (0.67) $ 0.14 $ (0.65) $ 0.23
Weighted-average number of shares used in computation of net (loss) income per share attributable to common stockholders – basic (in shares) 147,498,162 18,822,474 147,014,951 18,617,247
Net (loss) income per share attributable to common stockholders – diluted (in dollars per share) $ (0.67) $ 0.14 $ (0.65) $ 0.22
Weighted-average number of shares used in computation of net (loss) income per share attributable to common stockholders – diluted (in shares) 147,498,162 26,241,564 147,014,951 26,036,337
Product revenue        
Revenue        
Revenue $ 84,351,000 $ 137,423,000 $ 261,805,000 $ 201,922,000
Operating costs and expenses:        
Cost of product revenue 101,898,000 55,142,000 188,595,000 85,177,000
Grant and other revenue        
Revenue        
Revenue $ 3,349,000 $ 0 $ 5,305,000 $ 0