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Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Summary of Significant Segment Expenses

The following table presents significant segment expenses for the three and six months ended June 30, 2025 and 2024 (in thousands):

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Revenue

 

$

1,986

 

 

$

1,112

 

 

$

4,288

 

 

$

4,523

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development program expense

 

 

 

 

 

 

 

 

 

 

 

 

Program expense

 

 

8,373

 

 

 

5,288

 

 

 

12,371

 

 

 

15,486

 

Consultants and contractors expense

 

 

3,263

 

 

 

3,246

 

 

 

6,472

 

 

 

8,094

 

Compensation expense

 

 

10,850

 

 

 

9,142

 

 

 

22,120

 

 

 

17,424

 

Other segment expense(a)

 

 

6,382

 

 

 

4,364

 

 

 

11,736

 

 

 

8,508

 

Consolidated net loss

 

$

(26,882

)

 

$

(20,928

)

 

$

(48,411

)

 

$

(44,989

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Other segment expense included in consolidated net loss includes interest income, depreciation, insurance, travel, software and subscription services, legal, professional and consulting expense, rent and facilities expense, other general and administrative expense, impairment of long-lived assets, change in fair value of term loan, change in fair value of warrant liability and other expense.