XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Unaudited 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
Statement of Comprehensive Income [Abstract]        
Collaboration revenues $ 3,560 $ 2,703 $ 6,803 $ 3,525
Operating expenses:        
Research and development 18,518 14,212 35,159 22,979
General and administrative 6,007 2,424 15,581 4,635
Total operating expenses 24,525 16,636 50,740 27,614
Operating loss (20,965) (13,933) (43,937) (24,089)
Change in fair value of derivative liability 0 (144) (84) (701)
Interest income (expense), net 1,177 (771) (300) (1,370)
Pre-tax loss (19,788) (14,848) (44,321) (26,160)
Income tax expense (88) 0 (197) 0
Net loss $ (19,876) $ (14,848) $ (44,518) $ (26,160)
Share information:        
Net loss per share of common stock, basic (in usd per share) $ (0.49) $ (7.20) $ (1.67) $ (12.69)
Net loss per share of common stock, diluted (in usd per share) $ (0.49) $ (7.20) $ (1.67) $ (12.69)
Weighted-average shares of common stock outstanding, basic (in shares) 40,258,107 2,061,643 26,596,712 2,060,819
Weighted-average shares of common stock outstanding, diluted (in shares) 40,258,107 2,061,643 26,596,712 2,060,819
Comprehensive loss        
Net loss $ (19,876) $ (14,848) $ (44,518) $ (26,160)
Unrealized gain (loss) on marketable securities 129 (39) 306 (197)
Comprehensive loss $ (19,747) $ (14,887) $ (44,212) $ (26,357)