v3.25.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues [Abstract]        
Revenue $ 150,042 $ 87,166 $ 271,505 $ 162,165
Operating expenses:        
Cost of revenue (excluding amortization and depreciation) 13,448 8,055 23,237 14,352
Research and development 49,541 49,853 94,326 86,683
Selling, general and administrative 130,280 103,554 251,067 202,524
Loss (Gain) in fair value of contingent consideration (8,102) 2,160 (6,590) 748
Intangible asset amortization 1,589 1,590 3,161 3,179
Total operating expenses 186,756 165,212 365,201 307,486
Loss from operations (36,714) (78,046) (93,696) (145,321)
Interest expense, net [1] (1,834) (1,299) (4,265) (2,381)
Loss on debt extinguishment (10,385)   (10,385)  
Loss before income taxes (48,933) (79,345) (108,346) (147,702)
Income tax benefit 960 0 960 0
Net loss $ (47,973) $ (79,345) $ (107,386) $ (147,702)
Net loss per common share, basic $ (0.97) $ (1.67) $ (2.18) $ (3.11)
Net loss per common share, diluted $ (0.97) $ (1.67) $ (2.18) $ (3.11)
Weighted average common shares outstanding, basic 49,442,001 47,573,229 49,158,159 47,482,602
Weighted average common shares outstanding, diluted 49,442,001 47,573,229 49,158,159 47,482,602
Product Sales        
Revenues [Abstract]        
Revenue $ 148,959 $ 86,520 $ 269,317 $ 160,616
Royalty Revenue        
Revenues [Abstract]        
Revenue $ 1,083 $ 646 $ 2,188 $ 1,549
[1] Interest expense, net of $1,834 for the three months ended June 30, 2025 comprises (i) consolidated interest expense of $4,086 and (ii) consolidated interest income of $2,252. Interest expense, net of $4,265 for the six months ended June 30, 2025 comprises (i) consolidated interest expense of $9,344 and (ii) consolidated interest income of $5,079. Interest expense, net of $1,299 for the three months ended June 30, 2024 comprises (i) consolidated interest expense of $5,079 and (ii) consolidated interest income of $3,780. Interest expense, net of $2,381 for the six months ended June 30, 2024 comprises (i) consolidated interest expense of $10,485 and (ii) consolidated interest income of $8,104.