XML 17 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
Revenue:        
Total revenue $ 95,842 $ 0 $ 95,842 $ 0
Operating expenses:        
Research and development 35,086 36,309 67,478 74,104
In process research and development 0 15 0 30
General and administrative 8,669 9,976 18,236 20,108
Total operating expenses 43,755 46,300 85,714 94,242
Income (loss) from operations 52,087 (46,300) 10,128 (94,242)
Other income (expense)        
Interest income 1,749 695 2,093 1,282
Interest expense (2,916) (3,429) (6,045) (6,929)
Other income, net 2,747 6,538 5,563 8,228
Total other income, net 1,580 3,804 1,611 2,581
Income (loss) before provision for income taxes 53,667 (42,496) 11,739 (91,661)
Provision for income taxes 4,435 0 4,435 0
Net income (loss) 49,232 (42,496) 7,304 (91,661)
Other comprehensive income (loss):        
Foreign currency translation 135 1 16 24
Unrealized gain (loss) on marketable securities (25) (46) (184) 69
Other comprehensive income (loss) 110 (45) (168) 93
Comprehensive income (loss) $ 49,342 $ (42,541) $ 7,136 $ (91,568)
Net income (loss) per share, basic (in dollars per share) $ 0.22 $ (0.45) $ 0.03 $ (0.96)
Net income (loss) per share, diluted (in dollars per share) $ 0.22 $ (0.45) $ 0.03 $ (0.96)
Weighted average common shares outstanding, basic (in shares) 226,221,202 95,446,929 225,978,219 95,160,204
Weighted average common shares outstanding, diluted (in shares) 238,543,102 95,446,929 225,978,219 95,160,204
Revenue from sale of licenses        
Revenue:        
Total revenue $ 88,751 $ 0 $ 88,751 $ 0
Revenue from contracts with collaborators        
Revenue:        
Total revenue $ 7,091 $ 0 $ 7,091 $ 0