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SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company has identified its Chief Executive Officer as the CODM. Management uses one measure of profitability and does not segregate the Company’s business for internal reporting. Operating results and assets are reviewed by the CODM primarily at the consolidated entity level for purposes of making resource allocation decisions and for evaluating financial performance. Accordingly, the Company has a single operating and reportable segment comprising all of the Company’s operations.
The key measure of segment profit and loss that the CODM uses to allocate resources and assess performance is the Company’s net loss. The CODM uses net loss to assess the Company’s ongoing financial needs in relation to current resources in assessing performance and allocating resources.
The table below details the Company’s revenues, significant expenses, and other segment items and reconciles those amounts to the Company’s consolidated net loss as computed under U.S. GAAP in the Condensed Consolidated Statements of Operations:
Three Months Ended
March 31,
20252024
Revenues$6,437 $481 
Less:
Research and development15,111 21,166 
General and administrative9,268 10,177 
Clinical manufacturing operations9,656 12,555 
Impairment of long-lived assets— 4,349 
Stock-based compensation2,596 2,719 
Other segment items (*)
403 (1,396)
Net loss$(30,597)$(49,089)
(*) Other segment items include restructuring charges, interest income, other (expense) income, net, and income tax expense.