XML 15 R6.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (16,133) $ (40,784)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share based compensation 989 187
Depreciation and amortization 1,676 4,035
Non-cash lease expenses 415 1,659
Unrealized foreign exchange (gain)/loss (1,273) 4,869
Change in contingent consideration 173 (339)
Non-cash interest expense 27 25
Deferred tax benefit (39) (47)
Profit on sale of property and equipment (70) (281)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 2,444 (531)
Research and development incentives receivable (193) 3,091
Accounts payable 193 (813)
Accrued expenses and other current liabilities 2,690 (2,767)
Deferred income (1,051) (342)
Operating lease liabilities (1,305) (973)
Net cash used in operating activities (11,457) (33,011)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of property and equipment 116 0
Purchases of property and equipment 0 (37)
Net cash provided by/(used) in investing activities 116 (37)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issue of shares from the exercise of stock options 0 2
Net cash provided by financing activities 0 2
Effect of exchange rates on cash, cash equivalents and restricted cash (881) 8,430
Net decrease in cash, cash equivalents and restricted cash (12,222) (24,616)
Cash, cash equivalents and restricted cash, beginning of the period 71,852 112,400
Cash, cash equivalents and restricted cash, end of the period $ 59,630 $ 87,784