v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total revenue $ 3,897 $ 7,614 $ 8,051 $ 11,415
Costs and operating expenses:        
Research and development 10,864 13,935 23,466 28,486
General and administrative 7,684 7,965 15,599 16,302
Amortization of intangibles 3,228 4,543 6,456 7,955
Other operating income, net (1,922) (2,524) (2,672) (2,470)
Total costs and operating expenses 20,116 23,919 43,114 50,273
Loss from operations (16,219) (16,305) (35,063) (38,858)
Other income (expense), net:        
Interest income 436 785 973 1,760
Other income (expense), net 27 (9) 28 (9)
Total other income (expense), net 463 776 1,001 1,751
Loss before income taxes (15,756) (15,529) (34,062) (37,107)
Income tax benefit (expense) (119) 1,898 (13) 4,515
Net loss $ (15,875) $ (13,631) $ (34,075) $ (32,592)
Net loss per share, basic (dollars per share) $ (0.15) $ (0.13) $ (0.32) $ (0.32)
Net loss per share, diluted (dollars per share) $ (0.15) $ (0.13) $ (0.32) $ (0.32)
Weighted-average shares outstanding, basic (in shares) 106,148 101,456 105,886 101,106
Weighted-average shares outstanding, diluted (in shares) 106,148 101,456 105,886 101,106
License and milestone revenue        
Revenue:        
Total revenue $ 1,242 $ 3,125 $ 3,263 $ 3,841
Service revenue        
Revenue:        
Total revenue 1,936 4,171 3,839 6,937
xPloration revenue        
Revenue:        
Total revenue 608 0 650 0
Costs and operating expenses:        
Cost of xPloration revenue 262 0 265 0
Royalty revenue        
Revenue:        
Total revenue $ 111 $ 318 $ 299 $ 637