XML 10 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
License and collaboration revenue $ 35,000 $ 0 $ 35,000 $ 12,595
Total revenue 35,000 0 35,000 12,595
Operating expenses:        
Research and development expenses 36,709 29,186 71,238 54,885
General and administrative expenses 12,457 13,435 25,160 25,385
Total operating expenses 49,166 42,621 96,398 80,270
Loss from operations (14,166) (42,621) (61,398) (67,675)
Other income and expenses:        
Grant income 522 799 1,472 1,534
Research and development tax credits 893 386 1,696 729
Interest income 7,817 8,042 15,203 15,893
Other income , net 67 326 2,158 2,099
Loss before income tax expense (4,867) (33,068) (40,869) (47,420)
Income tax expense (2,261) (1,232) (4,475) (2,431)
Net loss $ (7,128) $ (34,300) $ (45,344) $ (49,851)
Basic net loss per share $ (0.18) $ (0.96) $ (1.2) $ (1.39)
Diluted net loss per share $ (0.18) $ (0.96) $ (1.2) $ (1.39)
Weighted-average common shares outstanding - basic 39,699,053 35,768,952 37,771,084 35,742,641
Weighted-average common shares outstanding - diluted 39,699,053 35,768,952 37,771,084 35,742,641
Net Income (Loss) $ (7,128) $ (34,300) $ (45,344) $ (49,851)
Foreign currency translation adjustments (151) 104 (2,416) (1,902)
Unrealized loss on available-for-sale securities (72) (1,722) (906) (1,620)
Comprehensive loss $ (7,351) $ (35,918) $ (48,666) $ (53,373)