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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Contract revenue $ 687 $ 1,108 $ 1,723 $ 1,962
Grant income 250 250 500 500
Total revenue 937 1,358 2,223 2,462
Operating expenses        
Research and development 10,952 9,247 22,270 16,849
General and administrative 9,620 13,882 19,422 19,141
Total operating expenses 20,572 23,129 41,692 35,990
Loss from operations (19,635) (21,771) (39,469) (33,528)
Other income (expense)        
Interest income, net 794 27 1,855 31
Change in fair value of contingent earnout liability 148 8,878 207 8,878
Gain on extinguishment of convertible notes 0 1,289 0 1,289
Other income (expense) (4) 25 (12) (30)
Total other income (expense), net 938 10,219 2,050 10,168
Net loss (18,697) (11,552) (37,419) (23,360)
Other comprehensive loss        
Unrealized loss on investments (3) 0 (1) 0
Comprehensive loss $ (18,700) $ (11,552) $ (37,420) $ (23,360)
Net loss per share, basic (in dollars per share) $ (0.42) $ (0.86) $ (0.85) $ (2.80)
Net loss per share, diluted (in dollars per share) $ (0.42) $ (0.86) $ (0.85) $ (2.80)
Weighted-average shares outstanding, basic (in shares) 44,278,427 13,446,622 44,175,274 8,336,451
Weighted-average shares outstanding, diluted (in shares) 44,278,427 13,446,622 44,175,274 8,336,451