XML 12 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
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
Operating expenses:        
Research and development $ 49,166 $ 25,922 $ 87,800 $ 48,047
General and administrative 15,984 8,140 29,938 16,225
Total operating expenses 65,150 34,062 117,738 64,272
Loss from operations (65,150) (34,062) (117,738) (64,272)
Other income (expense)        
Interest income and other income (expense), net 8,154 4,972 16,643 9,990
Total other income (expense), net 8,154 4,972 16,643 9,990
Loss before income taxes (56,996) (29,090) (101,095) (54,282)
Income tax provision 170   553  
Net loss $ (57,166) $ (29,090) $ (101,648) $ (54,282)
Net loss per share attributable to Class A and Class B common stockholders, basic $ (0.88) $ (0.51) $ (1.58) $ (0.96)
Net loss per share attributable to Class A and Class B common stockholders, diluted $ (0.88) $ (0.51) $ (1.58) $ (0.96)
Weighted average shares of Class A and Class B common stock outstanding, basic 64,605,308 56,866,991 64,377,948 56,785,883
Weighted average shares of Class A and Class B common stock outstanding, diluted 64,605,308 56,866,991 64,377,948 56,785,883
Comprehensive loss:        
Net loss $ (57,166) $ (29,090) $ (101,648) $ (54,282)
Other comprehensive loss        
Unrealized losses on marketable securities (253) (1,235) (1,602) (1,043)
Comprehensive loss $ (57,419) $ (30,325) $ (103,250) $ (55,325)