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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (40,784) $ (32,463)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share based compensation 187 2,810
Depreciation and amortization 4,035 2,897
Non-cash lease expenses 1,659 717
Unrealized foreign exchange loss/(gain) 4,869 (583)
Change in contingent consideration (339) 78
Non-cash interest expense 25 19
Deferred tax benefit (47) (44)
Profit on sale of property and equipment (281) 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (531) 262
Research and development incentives receivable 3,091 352
Accounts payable (813) 967
Accrued expenses and other current liabilities (2,767) 1,140
Deferred income (342) 839
Operating lease liabilities (973) (819)
Net cash used in operating activities (33,011) (23,828)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (37) (500)
Net cash used in investing activities (37) (500)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issue of ordinary shares, net of issuance costs 0 861
Issue of shares from the exercise of stock options 2 0 [1]
Net cash provided by financing activities 2 861
Effect of exchange rates on cash, cash equivalents and restricted cash 8,430 (849)
Net decrease in cash, cash equivalents and restricted cash (24,616) (24,316)
Cash, cash equivalents and restricted cash, beginning of the period 112,400 142,090
Cash, cash equivalents and restricted cash, end of the period 87,784 117,774
Non-cash investing and financing activities:    
Proceeds from sale of property and equipment included in other current assets $ 460 $ 0
[1] Indicates amounts less than one thousand