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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING EXPENSES:    
Research and development $ 119,039 $ 87,518
General and administrative 59,166 49,401
Total operating expenses 178,205 136,919
LOSS FROM OPERATIONS: (178,205) (136,919)
OTHER INCOME (EXPENSE), NET:    
Benefit from R&D tax credit 21,097 12,875
Interest income 8,268 4,623
Foreign exchange (losses) gains (1,032) 3,686
Interest expense (4,479) (2,204)
Other income 823 255
Total other income, net 24,677 19,235
Loss before income taxes (153,528) (117,684)
Income tax expense (1,594) (780)
Net loss $ (155,122) $ (118,464)
Net loss per share attributable to ordinary shareholders - basic (in dollars per share) $ (2.30) $ (2.32)
Net loss per share attributable to ordinary shareholders - diluted (in dollars per share) $ (2.30) $ (2.32)
Weighted average ordinary shares outstanding - basic (in shares) 67,482,902 51,028,024
Weighted average ordinary shares outstanding - diluted (in shares) 67,482,902 51,028,024
Other comprehensive income (loss):    
Foreign exchange translation adjustment $ 732 $ (59)
Comprehensive loss $ (154,390) $ (118,523)