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v3.25.1

Segment Reporting (Details) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2025 USD ($) segment | Mar. 31, 2024 USD ($)
Segment Reporting |  |
Number of operating segments | segment | 1 |
Revenue | $ 10,698 | $ 14,774
Cost of product revenue | 1,262 | 1,326
Research & Development |  |
Stock-based compensation | 10,456 | 7,978
Depreciation | 981 | 920
Interest income | 3,826 | 3,922
Interest expense | (2,984) | (4,051)
Loss from debt extinguishment |  | (27,950)
Net Income (Loss) | (64,053) | (64,848)
Single Reportable Segment |  |
Segment Reporting |  |
Revenue | 10,698 | 14,774
Cost of product revenue | 1,262 | 1,326
Research & Development |  |
Direct program expenses, AXPAXLI for wet AMD | 24,455 | 5,493
Direct program expenses, Other clinical and preclinical programs | 1,081 | 3,215
Unallocated expenses, Personnel costs | 8,983 | 7,128
Unallocated expenses, All other costs | 3,255 | 802
Selling and marketing | 12,817 | 9,262
General and administrative | 9,661 | 8,344
Facilities | 1,664 | 1,923
Stock-based compensation | 10,456 | 7,978
Depreciation | 981 | 920
Interest income | 3,826 | 3,922
Interest expense | (2,984) | (4,051)
Loss from debt extinguishment |  | (27,950)
Other non-operating items | (978) | (5,152)
Net Income (Loss) | $ (64,053) | $ (64,848)

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