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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses        
Research and development $ 16,652 $ 15,848 $ 33,027 $ 30,159
General and administrative 6,518 5,685 12,727 11,571
Total operating expenses 23,170 21,533 45,754 41,730
Loss from operations (23,170) (21,533) (45,754) (41,730)
Other (expense) income        
Currency exchange loss, net (374) (90) (479) (552)
Interest income 285 1,311 699 2,928
Interest expense (253) 0 (253) 0
Change in fair value of warrants (2,587) 0 (2,587) 0
Total other (expense) income, net (2,929) 1,221 (2,620) 2,376
Loss before income tax expense (26,099) (20,312) (48,374) (39,354)
Income taxes expense 118 374 264 789
Net loss (26,217) (20,686) (48,638) (40,143)
Net loss attributable to common shareholders $ (26,217) $ (20,686) $ (48,638) $ (40,143)
Net loss per common share, basic $ (0.4) $ (0.31) $ (0.74) $ (0.61)
Net loss per common share, diluted $ (0.4) $ (0.31) $ (0.74) $ (0.61)
Weighted-average number of shares used in computing net loss per common share, basic 65,880,914 65,880,914 65,880,914 65,880,914
Weighted-average number of shares used in computing net loss per common share, diluted 65,880,914 65,880,914 65,880,914 65,880,914
Other comprehensive loss        
Net Income (Loss) $ (26,217) $ (20,686) $ (48,638) $ (40,143)
Foreign currency translation (220) (151) 39 43
Total comprehensive loss $ (26,437) $ (20,837) $ (48,599) $ (40,100)