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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Revenue $ 5,000 $ 0 $ 5,000 $ 0
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] License revenue License revenue License revenue License revenue
Operating expenses:        
Research and development $ 9,061 $ 6,945 $ 14,879 $ 17,482
Selling, general and administrative 12,796 7,407 23,909 12,958
Total operating expenses 21,857 14,352 38,788 30,440
Loss from operations (16,857) (14,352) (33,788) (30,440)
Other income:        
Other income 199 1,635 188 287
Interest income 2,246 2,463 4,569 3,251
Total other income, net 2,445 4,098 4,757 3,538
Net loss before income taxes (14,412) (10,254) (29,031) (26,902)
Income tax expense 500 0 500 0
Net loss (14,912) (10,254) (29,531) (26,902)
Other comprehensive loss:        
Unrealized loss on marketable securities (85) (61) (158) (68)
Comprehensive loss $ (14,997) $ (10,315) $ (29,689) $ (26,970)
Net loss per share - basic (in dollars per share) $ (0.53) $ (0.40) $ (1.06) $ (1.77)
Net loss per share - diluted (in dollars per share) $ (0.53) $ (0.40) $ (1.06) $ (1.77)
Weighted-average common shares outstanding, basic (in shares) [1] 28,079,071 25,608,594 27,804,112 15,163,103
Weighted-average common shares outstanding, diluted (in shares) [1] 28,079,071 25,608,594 27,804,112 15,163,103
[1] See Note 2 for further information on weighted-average common shares outstanding.