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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenue, net $ 103,138 $ 0 $ 179,394 $ 0
Operating expenses:        
Cost of sales 4,756 0 8,163 0
Research and development 12,950 19,388 27,004 26,152
Selling, general and administrative 72,127 49,035 141,239 69,469
Total operating expenses 89,833 68,423 176,406 95,621
Operating income/(loss) 13,305 (68,423) 2,988 (95,621)
Other income/(expense):        
Research and development tax credit 0 847 0 1,432
Loss on extinguishment of debt 0 (3,653) (407) (3,653)
Interest income 4,302 3,140 8,193 6,518
Interest expense (6,822) (1,757) (17,017) (3,343)
Foreign exchange gain/(loss) 1,097 25 1,567 (194)
Total other (expense)/income, net (1,423) (1,398) (7,664) 760
Income/(loss) before income taxes 11,882 (69,821) (4,676) (94,861)
Income tax benefit/(expense) 39 (1,014) 278 (1,768)
Net income/(loss) $ 11,921 $ (70,835) $ (4,398) $ (96,629)
Profit/(loss) per share, basic (in dollars per share) $ 0.02 $ (0.11) $ (0.01) $ (0.15)
Profit/(loss) per share, diluted (in dollars per share) 0.02 (0.11) (0.01) (0.15)
Income/(loss) per ADS - basic (in dollars per share) 0.14 (0.87) (0.05) (1.19)
Income/(loss) per ADS - diluted (in dollars per share) $ 0.13 $ (0.87) $ (0.05) $ (1.19)
Weighted-average shares outstanding, basic (in shares) 685,155,000 648,217,000 682,296,000 646,959,000
Weighted-average shares outstanding, diluted (in shares) 727,223,000 648,217,000 682,296,000 646,959,000
Weighted-average ADS outstanding - basic (in shares) 85,644,000 81,027,000 85,287,000 80,870,000
Weighted-average ADS outstanding - diluted (in shares) 90,903,000 81,027,000 85,287,000 80,870,000
Product sales, net        
Total revenue, net $ 102,939 $ 0 $ 174,195 $ 0
Other revenue        
Total revenue, net $ 199 $ 0 $ 5,199 $ 0