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Condensed Consolidated Statements of Shareholders' Equity (unaudited) - USD ($)
$ in Thousands
Total
Ordinary Shares
Deferred Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance at Dec. 31, 2022 $ 197,044 $ 54 $ 128 $ 408,844 $ (21,695) $ (190,287)
Beginning balance, shares at Dec. 31, 2022   40,932,727 1      
Issuance of ordinary shares 4     4    
Issuance of ordinary shares, shares   5,726        
Share-based compensation expense 1,652     1,652    
Unrealized gain/(loss) on foreign currency translation 3,977       3,977  
Net loss (17,506)         (17,506)
Ending balance at Mar. 31, 2023 185,171 $ 54 $ 128 410,500 (17,718) (207,793)
Ending balance, shares at Mar. 31, 2023   40,938,453 1      
Beginning balance at Dec. 31, 2022 197,044 $ 54 $ 128 408,844 (21,695) (190,287)
Beginning balance, shares at Dec. 31, 2022   40,932,727 1      
Net loss (34,352)          
Ending balance at Jun. 30, 2023 173,843 $ 54 $ 128 412,201 (13,901) (224,639)
Ending balance, shares at Jun. 30, 2023   40,946,239 1      
Beginning balance at Mar. 31, 2023 185,171 $ 54 $ 128 410,500 (17,718) (207,793)
Beginning balance, shares at Mar. 31, 2023   40,938,453 1      
Issuance of ordinary shares, shares   7,786        
Share-based compensation expense 1,701     1,701    
Unrealized gain/(loss) on foreign currency translation 3,817       3,817  
Net loss (16,846)         (16,846)
Ending balance at Jun. 30, 2023 173,843 $ 54 $ 128 412,201 (13,901) (224,639)
Ending balance, shares at Jun. 30, 2023   40,946,239 1      
Beginning balance at Dec. 31, 2023 142,369 $ 54 $ 128 415,210 (13,071) (259,952)
Beginning balance, shares at Dec. 31, 2023   41,082,948 1      
Issuance of ordinary shares under employee share purchase plan, shares   4,953        
Issuance of ordinary shares under employee share purchase plan 5     5    
Share-based compensation expense 1,387     1,387    
Unrealized gain/(loss) on foreign currency translation (1,139)       (1,139)  
Net loss (12,274)         (12,274)
Ending balance at Mar. 31, 2024 130,348 $ 54 $ 128 416,602 (14,210) (272,226)
Ending balance, shares at Mar. 31, 2024   41,087,901 1      
Beginning balance at Dec. 31, 2023 142,369 $ 54 $ 128 415,210 (13,071) (259,952)
Beginning balance, shares at Dec. 31, 2023   41,082,948 1      
Net loss (28,654)          
Ending balance at Jun. 30, 2024 115,475 $ 54 $ 128 417,914 (14,015) (288,606)
Ending balance, shares at Jun. 30, 2024   41,087,901 1      
Beginning balance at Mar. 31, 2024 130,348 $ 54 $ 128 416,602 (14,210) (272,226)
Beginning balance, shares at Mar. 31, 2024   41,087,901 1      
Share-based compensation expense 1,312     1,312    
Unrealized gain/(loss) on foreign currency translation 195       195  
Net loss (16,380)         (16,380)
Ending balance at Jun. 30, 2024 $ 115,475 $ 54 $ 128 $ 417,914 $ (14,015) $ (288,606)
Ending balance, shares at Jun. 30, 2024   41,087,901 1