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Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows From Operating Activities    
Net loss $ (127,130) $ (89,362)
Adjustment to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 232 261
Accrued financing on prepaid forward obligation 1,595 9,013
Accretion on marketable securities (1,800) (1,555)
Share-based compensation 8,829 9,805
Amortization (accretion) of discount on long-term debt 377 (1,330)
Amortization of right of use assets 1,500 619
Acquisitions of IPR&D 3,128 0
Changes in operating assets and liabilities:    
Inventory 886 (1,921)
Accounts receivable, net 599 (7,359)
Prepaid expenses and other current assets (3,277) (3,772)
Other non-current assets (6,170) 1,668
Accounts payable and accrued expenses (1,258) 3,147
Employee related accrued expenses 544 (1,785)
Other current liabilities (201) 0
Lease liabilities (1,972) (626)
Restricted deposit (1) 50
Net cash used in operating activities (124,119) (83,147)
Cash Flows From Investing Activities    
Purchases of marketable securities (76,861) (118,794)
Maturities of marketable securities 110,974 37,740
Purchases of property and equipment (272) (180)
Net cash provided by investing activities 33,841 (81,234)
Cash Flows From Financing Activities    
Proceeds from exercise of options into ordinary shares 629 250
Proceeds from pre-funded warrant issuance, net of issuance costs 3 18,641
Proceeds from ordinary shares issuances, net of issuance costs 7,970 151,169
Net cash provided by financing activities 8,602 194,548
Increase (Decrease) in Cash and Cash Equivalents (81,676) 30,167
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 173,062 95,822
Cash, Cash Equivalents and Restricted Cash at End of Period 91,386 125,989
Proceeds from issuance of long-term debt 0 24,488
Supplemental Disclosures of Non-Cash Activities    
Right of use assets obtained in exchange for new operating lease liabilities 6,856 0
Acquisitions of IPR&D $ 3,128 $ 0