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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenue:    
License and collaboration revenue $ 344,775  
Total revenue 344,775  
Operating expenses:    
Research and development expenses 59,369 $ 29,900
General and administrative expenses 40,505 15,340
Total operating expenses 99,874 45,240
Income (loss) from operations 244,901 (45,240)
Other income and (expenses):    
Grant Income 10,181 5,647
Research and development tax credits   286
Fair value adjustment for preferred stock tranche rights liability   1,265
Other income (expense), net 1,382 (48)
Income (loss) before income tax expense (benefit) 256,464 (38,090)
Income tax expense (benefit) 41,943 (57)
Net income (loss) 214,521 (38,033)
Cumulative dividends on Series A Preferred Stock   (249)
Accretion of redeemable convertible preferred stock to redemption value (5,120)
Net income (loss) attributable to common stockholders $ 214,521 $ (43,402)
Basic net income (loss) per common share $ 6.10 $ (2.88)
Diluted net income (loss) per common share $ 5.68 $ (2.88)
Weighted-average common shares outstanding - basic 35,181,383 15,080,266
Weighted-average common shares outstanding - diluted 37,774,790 15,080,266
Net income (loss) $ 214,521 $ (38,033)
Foreign currency translation adjustments (1,635) 841
Comprehensive income (loss) $ 212,886 (37,192)
Series A Preferred Stock    
Other income and (expenses):    
Accretion of redeemable convertible preferred stock to redemption value   $ (5,120)