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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue from collaborations       $ 292
Revenue from customers $ 965 $ 1,061 $ 1,276 1,755
Operating expenses:        
Research and development 13,976 21,099 28,478 37,464
General and administrative 5,556 6,376 10,608 13,043
Total operating expenses 19,532 27,475 39,086 50,507
Loss from operations (18,567) (26,414) (37,810) (48,460)
Interest and other income, net 1,207 1,227 2,087 2,765
Change in fair value of 2023 common warrants 1,682 30,437 63,176 16,106
(Loss) income before income tax (15,678) 5,250 27,453 (29,589)
Income tax provision (185) (189) (228) (213)
Net (Loss) income (15,863) 5,061 27,225 (29,802)
Other comprehensive (loss) gain:        
Unrealized (loss) gain on available-for-sale securities (27) 18 (31) (51)
Other comprehensive (loss) gain (27) 18 (31) (51)
Comprehensive (loss) income $ (15,890) $ 5,079 $ 27,194 $ (29,853)
Net (loss) income per share, basic $ (1.53) $ 0.81 $ 2.9 $ (4.77)
Net (loss) income per share, diluted $ (1.53) $ 0.81 $ 2.9 $ (4.77)
Weighted average shares of common stock, basic 10,351,120 6,257,713 9,385,167 6,251,913
Weighted average shares of common stock, diluted 10,351,120 6,265,853 9,401,645 6,251,913