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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Summary of Reverse Stock Split, Shares Reserved for Issuance Under Employee Stock Plans

As a result of the Reverse Stock Split, shares reserved for issuance under our employee stock plans are as follows:

 

 

December 31, 2024

 

 

June 30, 2025

 

Stock options outstanding

 

 

2,203,927

 

 

 

2,161,686

 

Weighted average exercise price

 

$

83.73

 

 

$

80.29

 

RSUs outstanding

 

 

101,524

 

 

 

55,643

 

Shares available for future grant under the 2017 Performance Incentive Plan(1)

 

 

551,727

 

 

 

569,149

 

Shares available for issuance under the employee stock purchase plan

 

 

47,383

 

 

 

46,650

 

Total shares reserved for issuance under our employee stock plans

 

 

2,904,561

 

 

 

2,833,128

 

 

(1)
Balances exclude 400,000 shares approved by shareholders during the May 2025 shareholder meeting as the registration statement for these shares had not been filed as of June 30, 2025.
Summary of Common Share Data

The table below reports common share data as of December 31, 2024, June 30, 2025 and July 15, 2025, reflecting the effects of the Reverse Stock Split as of each date, and, for July 15, 2025, reflecting the settlement of the 2025 Offering and TCG’s exercises of its warrants.

 

 

December 31, 2024

 

 

June 30, 2025

 

 

July 15, 2025

 

Common shares authorized for issuance

 

 

300,000,000

 

 

 

390,000,000

 

 

 

390,000,000

 

Common shares issued

 

 

12,937,308

 

 

 

13,009,559

 

 

 

19,018,573

 

Common shares outstanding

 

 

12,385,001

 

 

 

12,457,252

 

 

 

19,018,573

 

Treasury shares outstanding

 

 

552,307

 

 

 

552,307

 

 

 

-

 

Shares reserved for pre-funded warrant

 

 

1,666,667

 

 

 

1,666,667

 

 

 

-