XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Collaboration revenue $ 29,578 $ 4,853 $ 49,094 $ 155,333
Operating expenses:        
Research and development 34,452 21,985 61,544 40,553
General and administrative 10,151 8,294 18,758 17,322
Total operating expenses 44,603 30,279 80,302 57,875
Operating (loss) income (15,025) (25,426) (31,208) 97,458
Other income:        
Interest income 4,888 3,274 9,755 5,138
Other income 20 3 20 3
Total other income, net 4,908 3,277 9,775 5,141
(Loss) income before income taxes (10,117) (22,149) (21,433) 102,599
Income tax provision 24 59 38 763
Net (loss) income (10,141) (22,208) (21,471) 101,836
Other comprehensive (loss) income:        
Net unrealized (loss) gain on available-for-sale securities (16) (1) (474) 86
Total other comprehensive (loss) income (16) (1) (474) 86
Comprehensive (loss) income $ (10,157) $ (22,209) $ (21,945) $ 101,922
Net (loss) income per share, basic $ (0.18) $ (0.51) $ (0.37) $ 2.42
Net (loss) income per share, diluted $ (0.18) $ (0.51) $ (0.37) $ 2.33
Weighted-average common shares outstanding, basic 57,721,934 43,520,137 57,419,490 42,102,101
Weighted-average common shares outstanding, diluted 57,721,934 43,520,137 57,419,490 43,770,999