XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Product [Member] Product [Member] Product [Member] Product [Member]
Product revenue, net $ 96,042 $ 70,284 $ 184,225 $ 115,535
Operating expenses        
Cost, Product and Service [Extensible Enumeration] Product [Member] Product [Member] Product [Member] Product [Member]
Cost of goods sold $ 7,165 $ 6,009 $ 12,193 $ 8,428
Research and development 14,410 15,583 28,666 26,539
Selling, general and administrative 35,160 27,626 67,883 53,685
Litigation settlement 0 12,500 0 25,000
Total operating expenses 56,735 61,718 108,742 113,652
Income from operations 39,307 8,566 75,483 1,883
Other income        
Interest and other income, net 7,468 7,479 14,889 15,095
Income before income taxes 46,775 16,045 90,372 16,978
Income tax expense (8,442) (477) (16,305) (477)
Net income 38,333 15,568 74,067 16,501
Unrealized (loss) gain on available-for-sale securities (158) (252) 186 (1,127)
Foreign currency translation 925 (83) 1,161 (145)
Comprehensive income $ 39,100 $ 15,233 $ 75,414 $ 15,229
Net income per common share:        
Basic (in dollars per share) $ 1.33 $ 0.54 $ 2.57 $ 0.58
Diluted (in dollars per share) $ 1.29 $ 0.53 $ 2.48 $ 0.56
Weighted-average common shares outstanding:        
Basic (in shares) 28,910 28,598 28,863 28,446
Diluted (in shares) 29,749 29,637 29,819 29,504