| Segment Information |
Segment Information The Company’s Chief Executive Officer is its CODM. The Company’s CODM uses consolidated net loss in assessing operating decisions, allocating resources and evaluating financial performance. Consolidated net loss is used to monitor budget versus actual results. The Company identified the following significant segment expenses for its single reportable segment: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | 2025 | | 2024 | | 2025 | | 2024 | | Significant segment expenses: | | | | | | | | | Payroll-related expenses | $ | 7,946 | | | $ | 8,625 | | | $ | 16,969 | | | $ | 17,578 | | | Professional services and laboratory expenses | 3,240 | | | 4,732 | | | 6,429 | | | 9,928 | | | Facilities expenses | 2,827 | | | 2,655 | | | 5,839 | | | 5,416 | | | Stock-based compensation expense | 1,709 | | | 3,279 | | | 3,877 | | | 6,393 | | Other segment items (1) | 1,375 | | | 1,498 | | | 2,827 | | | 3,081 | | | Total operating expenses | $ | 17,097 | | | $ | 20,789 | | | $ | 35,941 | | | $ | 42,396 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | Footnotes: | | (1) | Other segment items for the Company’s single reportable segment include travel and entertainment, insurance, tax, expensed computer hardware and software, depreciation, and other miscellaneous expenses. |
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