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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Research and development $ 5,116 $ 15,198 $ 18,782 $ 31,431
General and administrative 40,276 46,204 51,196 49,905
Total operating expenses 45,392 61,402 69,978 81,336
Operating loss (45,392) (61,402) (69,978) (81,336)
Interest income 1,214 2,316 2,479 4,092
Other income (loss), net (46) 99 (128) 259
Gain from change in fair value of warrant liabilities 0 65,142 0 108,183
Net income (loss) $ (44,224) $ 6,155 $ (67,627) $ 31,198
Shares used in computing net income (loss) per share, basic (in shares) 48,308 46,202 48,285 44,601
Net income (loss) per share, basic (in dollars per share) $ (0.92) $ 0.13 $ (1.4) $ 0.7
Adjustment for change in fair value of warrant liabilities $ 0 $ 0 $ 0 $ (43,793)
Adjusted numerator, diluted $ (44,224) $ 6,155 $ (67,627) $ (12,595)
Shares used in computing net income (loss) per share, diluted (in shares) 48,308 46,202 48,285 45,152
Net income (loss) per share, diluted (in dollars per share) $ (0.92) $ 0.13 $ (1.4) $ (0.28)