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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total revenue $ 56,206 $ 80,568 $ 94,150 $ 161,270
Costs and operating expenses:        
Research and development 134,221 144,282 270,678 306,921
General and administrative 66,285 102,341 136,572 213,774
Goodwill impairment 47,858 0 47,858 0
Restructuring charges 17,066 0 17,066 0
Total operating expenses 279,151 264,719 495,097 561,166
Loss from operations (222,945) (184,151) (400,947) (399,896)
Other income (expense):        
Interest income, net 10,313 14,349 22,024 28,894
Loss on equity method investments 0 (67) 0 (1,516)
Loss on investments (6,826) (2,121) (9,370) (8,491)
Change in fair value of warrant liabilities 3,233 (4,482) 4,173 (3,278)
Other income (expense), net (766) 3,224 1,249 6,152
Total other income 5,954 10,903 18,076 21,761
Loss before income taxes (216,991) (173,248) (382,871) (378,135)
Income tax expense 190 67 221 149
Net loss $ (217,181) $ (173,315) $ (383,092) $ (378,284)
Net loss per share, basic (in dollars per share) $ (0.11) $ (0.09) $ (0.19) $ (0.20)
Net loss per share, diluted (in dollars per share) $ (0.11) $ (0.09) $ (0.19) $ (0.20)
Weighted average common shares outstanding:        
Basic (in shares) 2,054,801,000 1,933,437,000 2,029,630,000 1,924,251,000
Diluted (in shares) 2,055,024,000 1,933,437,000 2,029,853,000 1,924,251,000
Comprehensive loss:        
Net loss $ (217,181) $ (173,315) $ (383,092) $ (378,284)
Other comprehensive (loss) income:        
Foreign currency translation adjustment (172) 314 (3,207) 1,332
Total other comprehensive (loss) income (172) 314 (3,207) 1,332
Comprehensive loss (217,353) (173,001) (386,299) (376,952)
Cell Engineering        
Total revenue [1] 36,205 45,283 64,094 79,379
Product        
Total revenue 0 10,788 0 22,454
Costs and operating expenses:        
Cost of revenue 0 2,034 0 6,575
Service        
Total revenue 20,001 24,497 30,056 59,437
Costs and operating expenses:        
Cost of revenue 11,807 16,062 21,009 33,896
Other        
Costs and operating expenses:        
Cost of revenue $ 1,914 $ 0 $ 1,914 $ 0
[1] Includes related party revenue of $5,146 and $6,507 for the three months ended June 30, 2024 and 2023, respectively, and $5,819 and $11,212 for the six months ended June 30, 2024 and 2023, respectively.