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Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total revenue $ 28,833 $ 38,025 $ 485,424
Operating expenses:      
Royalty fees 0 0 66,436
Research and development [1] 167,259 175,658 107,879
Sales and marketing [1] 12,779 14,180 11,270
General and administrative [1] 72,711 60,999 55,485
Depreciation, amortization, and impairment 90,850 24,395 27,843
Total operating expenses 343,599 275,232 268,913
Income (loss) from operations (314,766) (237,207) 216,511
Other (income) expense      
Interest income (38,473) (42,247) (16,079)
Grants and incentives (13,620) (14,155) (10,554)
Other (Note 15) (62,278) (6,776) 4,045
Total other income (114,371) (63,178) (22,588)
Net earnings (loss) before income tax (200,395) (174,029) 239,099
Income tax (recovery) expense (37,538) (27,631) 80,580
Net earnings (loss) (162,857) (146,398) 158,519
Foreign currency translation adjustment (2,658) (329) (1,671)
Comprehensive income (loss) $ (165,515) $ (146,727) $ 156,848
Net earnings (loss) per share      
Basic (in dollars per share) $ (0.55) $ (0.51) $ 0.56
Diluted (in dollars per share) $ (0.55) $ (0.51) $ 0.50
Weighted-average common shares outstanding      
Basic (in shares) 294,327,532 289,166,486 285,056,606
Diluted (in shares) 294,327,532 289,166,486 314,827,255
Research fees      
Revenues:      
Total revenue $ 26,284 $ 35,556 $ 40,802
Licensing revenue      
Revenues:      
Total revenue 1,049 969 696
Milestone payments      
Revenues:      
Total revenue 1,500 1,500 900
Royalty revenue      
Revenues:      
Total revenue $ 0 $ 0 $ 443,026
[1] Exclusive of depreciation, amortization, and impairment