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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 727 $ 0 $ 2,162 $ 0
Cost of revenue 1,515   2,862  
Gross deficit (788) 0 (700) 0
Operating expenses:        
Research and development 27,731 18,561 69,820 55,938
Acquired in-process research and development 0 0 425,070 0
Selling, general and administrative 19,582 7,778 43,095 23,053
Total operating expenses 47,313 26,339 537,985 78,991
Loss from operations (48,101) (26,339) (538,685) (78,991)
Other income (expense):        
Interest income 6,726 6,523 21,000 17,588
Interest expense (120) 0 (252) 0
Investment advisory fees (237) (228) (749) (689)
Change in fair value of warrant liability 533 383 209 260
Realized (loss) gain on marketable securities (11) 12 (17) (183)
Total other income (expense), net 6,891 6,690 20,191 16,976
Loss before income taxes (41,210) (19,649) (518,494) (62,015)
Provision for income taxes 0 0 0 0
Net loss $ (41,210) $ (19,649) $ (518,494) $ (62,015)
Net loss per share attributable to common stockholders, basic $ (0.15) $ (0.09) $ (2.11) $ (0.28)
Net loss per share attributable to common stockholders, diluted $ (0.15) $ (0.09) $ (2.11) $ (0.28)
Weighted average common shares outstanding, basic 273,565 218,935 245,885 218,842
Weighted average common shares outstanding, diluted 273,565 218,935 245,885 218,842
Comprehensive loss:        
Net loss $ (41,210) $ (19,649) $ (518,494) $ (62,015)
Other comprehensive loss, net of taxes:        
Currency translation adjustment (742) 0 (594) 0
Change in unrealized gain on available-for-sale securities 3,389 1,097 1,794 2,228
Comprehensive loss $ (38,563) $ (18,552) $ (517,294) $ (59,787)