XML 21 R7.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Changes in Convertible Preferred Stock and Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Series A Non-Voting Convertible Preferred Stock
Series A Non-Voting Convertible Preferred Stock
Preferred Stock
Series B Non-Voting Convertible Preferred Stock
Series B Non-Voting Convertible Preferred Stock
Preferred Stock
Beginning balance (in shares) at Dec. 31, 2023                 150,000
Beginning balance at Dec. 31, 2023                 $ 84,555
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Issuance of Series B non-voting convertible preferred stock in connection with private placement, net of financing costs (in shares)                 122,000
Issuance of Series B non-voting convertible preferred stock in connection with private placement, net of financing costs                 $ 168,850
Ending balance (in shares) at Mar. 31, 2024                 272,000
Ending balance at Mar. 31, 2024                 $ 253,405
Beginning balance, preferred stock (in shares) at Dec. 31, 2023             437,000   0
Beginning balance at Dec. 31, 2023 $ 184,016 $ 10 $ 763,191 $ 302 $ (764,414)   $ 184,927   $ 0
Beginning balance, common stock (in shares) at Dec. 31, 2023   36,057,000              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan (in shares)   572,000              
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan 4,390   4,390            
Stock-based compensation expense 8,385   8,385            
Foreign currency translation adjustment 16     16          
Unrealized gain (loss) on marketable securities (681)     (681)          
Net loss (43,857)       (43,857)        
Ending balance, preferred stock (in shares) at Mar. 31, 2024             437,000   0
Ending balance at Mar. 31, 2024 152,269 $ 10 775,966 (363) (808,271)   $ 184,927   $ 0
Ending balance, common stock (in shares) at Mar. 31, 2024   36,629,000              
Beginning balance (in shares) at Dec. 31, 2023                 150,000
Beginning balance at Dec. 31, 2023                 $ 84,555
Ending balance (in shares) at Jun. 30, 2024                 0
Ending balance at Jun. 30, 2024                 $ 0
Beginning balance, preferred stock (in shares) at Dec. 31, 2023             437,000   0
Beginning balance at Dec. 31, 2023 184,016 $ 10 763,191 302 (764,414)   $ 184,927   $ 0
Beginning balance, common stock (in shares) at Dec. 31, 2023   36,057,000              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Foreign currency translation adjustment 20                
Unrealized gain (loss) on marketable securities (875)                
Net loss (82,694)         $ (21,089)   $ (8,084)  
Ending balance, preferred stock (in shares) at Jun. 30, 2024             346,000   17,000
Ending balance at Jun. 30, 2024 374,385 $ 12 1,066,214 (553) (847,108)   $ 146,425   $ 9,395
Ending balance, common stock (in shares) at Jun. 30, 2024   50,783,000              
Beginning balance (in shares) at Mar. 31, 2024                 272,000
Beginning balance at Mar. 31, 2024                 $ 253,405
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Stockholder approval of the issuance of Common Stock upon conversion of Series B convertible non-voting preferred stock (in shares)                 (272,000)
Stockholder approval of the issuance of Common Stock upon conversion of Series B convertible non-voting preferred stock                 $ (253,405)
Ending balance (in shares) at Jun. 30, 2024                 0
Ending balance at Jun. 30, 2024                 $ 0
Beginning balance, preferred stock (in shares) at Mar. 31, 2024             437,000   0
Beginning balance at Mar. 31, 2024 152,269 $ 10 775,966 (363) (808,271)   $ 184,927   $ 0
Beginning balance, common stock (in shares) at Mar. 31, 2024   36,629,000              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stockholder approval of the issuance of Common Stock upon conversion of Series B convertible non-voting preferred stock (in shares)                 272,000
Stockholder approval of the issuance of Common Stock upon conversion of Series B convertible non-voting preferred stock 253,405               $ 253,405
Conversion of Series B non-voting convertible preferred stock into common stock (in shares)   10,198,000             (255,000)
Conversion of Series B non-voting convertible preferred stock into common stock 0 $ 1 244,009           $ (244,010)
Exchange of Series A non-voting convertible preferred stock into common stock (in shares)   3,640,000         (91,000)    
Exchange of Series A non-voting convertible preferred stock for common stock 0 $ 1 38,501       $ (38,502)    
Issuance of common stock in connection with exercise of pre-funded warrants (in shares)   250,000              
Issuance of common stock in connection with exercise of pre-funded warrants 1   1            
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan (in shares)   66,000              
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan 494   494            
Stock-based compensation expense 7,243   7,243            
Foreign currency translation adjustment 4     4          
Unrealized gain (loss) on marketable securities (194)     (194)          
Net loss (38,837)       (38,837) $ (8,714)   $ (3,370)  
Ending balance, preferred stock (in shares) at Jun. 30, 2024             346,000   17,000
Ending balance at Jun. 30, 2024 374,385 $ 12 1,066,214 (553) (847,108)   $ 146,425   $ 9,395
Ending balance, common stock (in shares) at Jun. 30, 2024   50,783,000              
Beginning balance, preferred stock (in shares) at Dec. 31, 2024           346,045 346,000 16,667 17,000
Beginning balance at Dec. 31, 2024 $ 517,804 $ 13 1,334,223 180 (972,432)   $ 146,425   $ 9,395
Beginning balance, common stock (in shares) at Dec. 31, 2024 60,257,023 60,257,000              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan (in shares)   19,000              
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan $ 335   335            
Stock-based compensation expense 8,859   8,859            
Cash settlement of stock option award (117)   (117)            
Foreign currency translation adjustment 14     14          
Unrealized gain (loss) on marketable securities 488     488          
Net loss (44,773)       (44,773)        
Ending balance, preferred stock (in shares) at Mar. 31, 2025             346,000   17,000
Ending balance at Mar. 31, 2025 482,610 $ 13 1,343,300 682 (1,017,205)   $ 146,425   $ 9,395
Ending balance, common stock (in shares) at Mar. 31, 2025   60,276,000              
Beginning balance, preferred stock (in shares) at Dec. 31, 2024           346,045 346,000 16,667 17,000
Beginning balance at Dec. 31, 2024 $ 517,804 $ 13 1,334,223 180 (972,432)   $ 146,425   $ 9,395
Beginning balance, common stock (in shares) at Dec. 31, 2024 60,257,023 60,257,000              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Foreign currency translation adjustment $ (22)                
Unrealized gain (loss) on marketable securities 296                
Net loss (81,490)         $ (15,078)   $ (726)  
Ending balance, preferred stock (in shares) at Jun. 30, 2025           346,045 346,000 16,667 17,000
Ending balance at Jun. 30, 2025 $ 455,773 $ 13 1,353,408 454 (1,053,922)   $ 146,425   $ 9,395
Ending balance, common stock (in shares) at Jun. 30, 2025 60,372,927 60,373,000              
Beginning balance, preferred stock (in shares) at Mar. 31, 2025             346,000   17,000
Beginning balance at Mar. 31, 2025 $ 482,610 $ 13 1,343,300 682 (1,017,205)   $ 146,425   $ 9,395
Beginning balance, common stock (in shares) at Mar. 31, 2025   60,276,000              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan (in shares)   97,000              
Issuance of common stock in connection with exercise of stock options and employee stock purchase plan 730   730            
Stock-based compensation expense 9,378   9,378            
Foreign currency translation adjustment (36)     (36)          
Unrealized gain (loss) on marketable securities (192)     (192)          
Net loss (36,717)       (36,717) $ (6,791)   $ (327)  
Ending balance, preferred stock (in shares) at Jun. 30, 2025           346,045 346,000 16,667 17,000
Ending balance at Jun. 30, 2025 $ 455,773 $ 13 $ 1,353,408 $ 454 $ (1,053,922)   $ 146,425   $ 9,395
Ending balance, common stock (in shares) at Jun. 30, 2025 60,372,927 60,373,000