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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 736 $ 131,454 $ 2,109 $ 132,584
Operating expenses:        
Cost of product revenues 0 426 0 562
Research and development 6,807 7,040 14,019 13,875
Selling, general and administrative 3,166 7,474 6,835 12,314
Total operating expenses 9,973 14,940 20,854 26,751
(Loss) income from operations (9,237) 116,514 (18,745) 105,833
Other (income) expense:        
Amortization of debt issuance costs and discount 421 1,998 822 2,256
Interest income (1,130) (737) (2,402) (1,325)
Interest expense 197 1,249 403 2,695
Warrant liabilities fair value adjustment 5,761 (8,214) (3,848) 13,459
Derivative liabilities fair value adjustment (28) (42) (196) 364
Total other expense (income) 5,221 (5,746) (5,221) 17,449
(Loss) income before taxes (14,458) 122,260 (13,524) 88,384
Income tax expense 0 0 523  
Net (loss) income $ (14,458) $ 122,260 $ (14,047) $ 88,384
Net (loss) income per share attributable to common stockholders - basic        
Net (loss) income per share - basic $ (0.3) $ 2.56 $ (0.29) $ 1.85
Net (loss) income per share attributable to common stockholders - diluted        
Net (loss) income per share - diluted $ (0.3) $ 2.46 $ (0.29) $ 1.82
Weighted average common shares outstanding – basic and diluted        
Basic 48,511,656 47,837,393 48,379,256 47,797,731
Diluted 48,511,656 49,923,361 48,379,256 49,166,251
Product Revenue, Net        
Revenue:        
Total revenue $ 0 $ 468 $ 0 $ 1,598
License Agreement Revenue        
Revenue:        
Total revenue $ 736 $ 130,986 $ 2,109 $ 130,986