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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Total revenue $ 468 $ 15,018
Operating expenses    
Research and development 9,814 10,701
General and administrative 12,138 3,663
Total operating expenses 21,952 14,364
(Loss)/income from operations (21,484) 654
Other income/(expense):    
Interest income 1,588 83
Interest expense   (74)
Research and development incentives 1,157 1,048
Total other income/(expense) 2,745 1,057
(Loss)/profit before income tax (18,739) 1,711
Tax benefit 516 863
Net (loss)/income (18,223) 2,574
Net loss attributable to noncontrolling interest 43 22
Net (loss)/income attributable to Vaccitech plc shareholders $ (18,180) $ 2,596
Weighted-average ordinary shares outstanding, basic 38,013,399 37,191,022
Weighted-average ordinary shares outstanding, diluted 38,013,399 38,346,668
Net (loss)/income per share attributable to ordinary shareholders, basic $ (0.48) $ 0.070
Net (loss)/income per share attributable to ordinary shareholders, diluted $ (0.48) $ 0.068
Net Income / (loss) $ (18,223) $ 2,574
Other comprehensive gain/(loss) - foreign currency translation adjustments 4,580 (5,983)
Comprehensive loss (13,643) (3,409)
Comprehensive loss attributable to noncontrolling interest 37 37
Comprehensive loss attributable to Vaccitech plc shareholders (13,606) (3,372)
License revenue    
Total revenue [1] $ 468 15,009
Research grants and contracts    
Total revenue   $ 9
[1] Includes license revenue from related parties for the three month periods ended March 31, 2023 and 2022, of $0.5 million and $15.0 million, respectively.