v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Summary of segment net income (loss), including segment expenses were as follows:

Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(in thousands)(in thousands)
Revenues:
Net product revenue$1,322 $1,617 $2,584 $2,710 
Licensing revenue27,544 — 27,544 — 
Royalties and other revenue— 30 — 67 
Total revenues28,866 1,647 30,128 2,777 
Operating expenses:
Cost of sales33 166 63 197 
Research and development14,127 15,964 27,736 28,742 
Sales and marketing1,233 28,982 3,908 51,662 
General and administrative6,466 6,839 14,292 13,474 
Other segment expense (1)
3,271 5,050 6,072 9,389 
Total operating expenses25,130 57,001 52,071 103,464 
Income (loss) from operations3,736 (55,354)(21,943)(100,687)
Interest and other expense(2,318)(2,211)(4,153)(7,159)
Interest income and other1,834 4,136 4,053 6,020 
Net income (loss)$3,252 $(53,429)$(22,043)$(101,826)
(1) For the three and six months ended June 30, 2025 and 2024, other segment expense primarily includes, among other items, stock compensation of $1.6 million, $1.7 million, $3.2 million, and $3.3 million, respectively, related to research and development personnel; $0.01 million, $1.2 million, $0.05 million , and $2.0 million, respectively, related to sales and marketing personnel; and $1.6 million, $2.0 million, $3.0 million, and $3.9 million, respectively, related to general and administrative personnel.