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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
Income Statement [Abstract]        
Collaboration revenue $ 0 $ 0 $ 591 $ 0
Operating expenses:        
Research and development [1] 43,071 34,599 80,845 65,479
General and administrative 12,601 10,658 23,759 19,811
Total operating expenses 55,672 45,257 104,604 85,290
Loss from operations (55,672) (45,257) (104,013) (85,290)
Other income:        
Amortization of premiums and discount on short-term investments 1,486 1,964 2,316 2,782
Interest income 611 635 1,287 1,910
Change in fair value of short-term investment — related party (1,925) 263 (759) (1,438)
Other income, net 39 41 81 83
Total other income, net 211 2,903 2,925 3,337
Net loss before income taxes (55,461) (42,354) (101,088) (81,953)
Benefit (provision for) from income taxes 134 (31) 0 171
Net loss attributable to common stockholders, basic (55,327) (42,385) (101,088) (81,782)
Net loss attributable to common stockholders, diluted $ (55,327) $ (42,385) $ (101,088) $ (81,782)
Net loss per share attributable to common stockholders, basic (in dollars per share) $ (0.46) $ (0.47) $ (0.90) $ (0.91)
Net loss per share attributable to common stockholders, diluted (in dollars per share) $ (0.46) $ (0.47) $ (0.90) $ (0.91)
Weighted-average common shares outstanding, basic (in shares) 119,188,866 90,467,298 111,827,522 89,769,970
Weighted-average common shares outstanding, diluted (in shares) 119,188,866 90,467,298 111,827,522 89,769,970
Comprehensive loss:        
Net loss $ (55,327) $ (42,385) $ (101,088) $ (81,782)
Change in unrealized loss on investments, net of tax 24 (63) (56) 116
Comprehensive loss $ (55,303) $ (42,448) $ (101,144) $ (81,666)
[1]
(1) Includes related party amount of $0.3 million and $0.6 million for the three and six months ended June 30, 2023.