XML 9 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Collaboration Revenue $ 23,194 $ 4,695 $ 108,123 $ 5,759
Operating expenses:        
Research and development 30,653 28,055 62,843 55,081
General and administrative 8,095 9,282 16,798 18,267
Total operating expenses 38,748 37,337 79,641 73,348
(Loss) income from operations (15,554) (32,642) 28,482 (67,589)
Other income:        
Interest income 3,068 2,637 6,507 5,079
Foreign currency exchange gain (loss), net 1,390 (53) 1,563 567
Gain on disposal of property and equipment 0 0 59 0
Total other income 4,458 2,584 8,129 5,646
Net (loss) income before income taxes (11,096) (30,058) 36,611 (61,943)
Provision for income taxes (1,199) (252) (2,021) (335)
Net (loss) income (12,295) (30,310) 34,590 (62,278)
Comprehensive (loss) income:        
Provision for pension benefit obligation 53 35 101 70
Unrealized loss on available-for-sale securities (97) (12) (118) (16)
Comprehensive (loss) income $ (12,339) $ (30,287) $ 34,573 $ (62,224)
(Loss) earnings per share:        
Basic $ (0.15) $ (0.43) $ 0.42 $ (0.95)
Diluted $ (0.15) $ (0.43) $ 0.42 $ (0.95)
Weighted average number of shares outstanding:        
Basic 82,186,768 71,233,992 82,167,849 65,695,095
Diluted 82,186,768 71,233,992 82,890,063 65,695,095