v3.25.2
Unaudited Consolidated Statements of Series A Preferred Shares and Shareholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
At-The-Market Equity Program [Member]
Series A Preferred Shares [Member]
Ordinary Shares [Member]
Ordinary Shares [Member]
At-The-Market Equity Program [Member]
Additional Paid-In-Capital [Member]
Accumulated Other Comprehensive Loss [Member]
Accumulated Deficit [Member]
Beginning balance at Dec. 31, 2023 $ 39,630     $ 935,367   $ 129,237 $ (124) $ (1,024,850)
Beginning balance, shares at Dec. 31, 2023       119,162,234        
Temporary equity, Beginning balance at Dec. 31, 2023     $ 7,874          
Temporary equity, Beginning balance, shares at Dec. 31, 2023     3,901,348          
Issuance of ordinary shares 14,038     $ 14,038        
Issuance of ordinary shares, shares       3,000,000        
Share-based compensation 2,881         2,881    
Vesting of RSUs, shares       21,683        
Option exercises 123     $ 123        
Option exercises, shares       35,925        
Issuance of ordinary shares under the ESPP 349     $ 349        
Issuance of ordinary shares under ESPP, shares       101,542        
Other comprehensive income (loss) (74)           (74)  
Net Income (Loss) (31,558)             (31,558)
Ending balance at Mar. 31, 2024 25,389     $ 949,877   132,118 (198) (1,056,408)
Ending balance, shares at Mar. 31, 2024       122,321,384        
Temporary equity, Ending balance at Mar. 31, 2024     $ 7,874          
Temporary equity, Ending balance, shares at Mar. 31, 2024     3,901,348          
Beginning balance at Dec. 31, 2023 39,630     $ 935,367   129,237 (124) (1,024,850)
Beginning balance, shares at Dec. 31, 2023       119,162,234        
Temporary equity, Beginning balance at Dec. 31, 2023     $ 7,874          
Temporary equity, Beginning balance, shares at Dec. 31, 2023     3,901,348          
Net Income (Loss) (64,481)              
Ending balance at Jun. 30, 2024 (3,477)     $ 950,530   135,603 (279) (1,089,331)
Ending balance, shares at Jun. 30, 2024       122,479,289        
Temporary equity, Ending balance at Jun. 30, 2024     $ 7,874          
Temporary equity, Ending balance, shares at Jun. 30, 2024     3,901,348          
Beginning balance at Mar. 31, 2024 25,389     $ 949,877   132,118 (198) (1,056,408)
Beginning balance, shares at Mar. 31, 2024       122,321,384        
Temporary equity, Beginning balance at Mar. 31, 2024     $ 7,874          
Temporary equity, Beginning balance, shares at Mar. 31, 2024     3,901,348          
Issuance of ordinary shares 547       $ 547      
Issuance of ordinary shares, shares         109,204      
Share-based compensation 3,485         3,485    
Vesting of RSUs, shares       17,778        
Option exercises 106     $ 106        
Option exercises, shares       30,923        
Other comprehensive income (loss) (81)           (81)  
Net Income (Loss) (32,923)             (32,923)
Ending balance at Jun. 30, 2024 (3,477)     $ 950,530   135,603 (279) (1,089,331)
Ending balance, shares at Jun. 30, 2024       122,479,289        
Temporary equity, Ending balance at Jun. 30, 2024     $ 7,874          
Temporary equity, Ending balance, shares at Jun. 30, 2024     3,901,348          
Beginning balance at Dec. 31, 2024 209,515     $ 1,175,181   156,454 (262) (1,121,858)
Beginning balance, shares at Dec. 31, 2024       153,037,286        
Temporary equity, Beginning balance at Dec. 31, 2024 $ 7,874   $ 7,874          
Temporary equity, Beginning balance, shares at Dec. 31, 2024 3,901,348   3,901,348          
Issuance of ordinary shares   $ 1,262     $ 1,262      
Issuance of ordinary shares, shares         97,375      
Share-based compensation $ 4,953         4,953    
Vesting of RSUs, shares       18,019        
Option exercises 2,451     $ 2,451        
Option exercises, shares       853,881        
Issuance of ordinary shares under the ESPP 442     $ 442        
Issuance of ordinary shares under ESPP, shares       86,752        
Other comprehensive income (loss) 58           58  
Net Income (Loss) (46,878)             (46,878)
Ending balance at Mar. 31, 2025 171,803     $ 1,179,336   161,407 (204) (1,168,736)
Ending balance, shares at Mar. 31, 2025       154,093,313        
Temporary equity, Ending balance at Mar. 31, 2025     $ 7,874          
Temporary equity, Ending balance, shares at Mar. 31, 2025     3,901,348          
Beginning balance at Dec. 31, 2024 209,515     $ 1,175,181   156,454 (262) (1,121,858)
Beginning balance, shares at Dec. 31, 2024       153,037,286        
Temporary equity, Beginning balance at Dec. 31, 2024 $ 7,874   $ 7,874          
Temporary equity, Beginning balance, shares at Dec. 31, 2024 3,901,348   3,901,348          
Net Income (Loss) $ (97,347)              
Ending balance at Jun. 30, 2025 139,266     $ 1,191,029   167,603 (161) (1,219,205)
Ending balance, shares at Jun. 30, 2025       155,673,292        
Temporary equity, Ending balance at Jun. 30, 2025 $ 7,874   $ 7,874          
Temporary equity, Ending balance, shares at Jun. 30, 2025 3,901,348   3,901,348          
Beginning balance at Mar. 31, 2025 $ 171,803     $ 1,179,336   161,407 (204) (1,168,736)
Beginning balance, shares at Mar. 31, 2025       154,093,313        
Temporary equity, Beginning balance at Mar. 31, 2025     $ 7,874          
Temporary equity, Beginning balance, shares at Mar. 31, 2025     3,901,348          
Issuance of ordinary shares 11,099       $ 11,099      
Issuance of ordinary shares, shares         1,388,934      
Share-based compensation 6,196         6,196    
Vesting of RSUs, shares       40,270        
Option exercises 594     $ 594        
Option exercises, shares       150,775        
Other comprehensive income (loss) 43           43  
Net Income (Loss) (50,469)             (50,469)
Ending balance at Jun. 30, 2025 139,266     $ 1,191,029   $ 167,603 $ (161) $ (1,219,205)
Ending balance, shares at Jun. 30, 2025       155,673,292        
Temporary equity, Ending balance at Jun. 30, 2025 $ 7,874   $ 7,874          
Temporary equity, Ending balance, shares at Jun. 30, 2025 3,901,348   3,901,348