v3.25.2
Condensed Consolidated Statements of Stockholders’ Equity - USD ($)
$ in Thousands
Total
Common Stock
Preferred Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Gain (Loss)
Treasury Stock
Common stock beginning balance (in shares) at Dec. 31, 2023   245,793,000          
Beginning balance at Dec. 31, 2023 $ 93,110 $ 245 $ 0 $ 1,862,558 $ (1,766,839) $ 31 $ (2,885)
Preferred stock beginning balance (in shares) at Dec. 31, 2023     0        
Stock-based compensation 4,302     4,302      
Issuance of preferred stock, net of fees (in shares)     2,304,000        
Issuance of preferred stock, net of fees 241,575   $ 23 241,552      
Issuance of common stock under Equity Incentive Plans (in shares)   1,972,000          
Issuance of common stock under Equity Incentive Plans 88 $ 3   85      
Payments for tax withholding on share-based compensation vesting (1,730)           (1,730)
Net income (loss) (48,397)       (48,397)    
Unrealized loss on investments (81)         (81)  
Common stock ending balance (in shares) at Mar. 31, 2024   247,765,000          
Ending balance at Mar. 31, 2024 288,867 $ 248 $ 23 2,108,497 (1,815,236) (50) (4,615)
Preferred stock ending balance (in shares) at Mar. 31, 2024     2,304,000        
Common stock beginning balance (in shares) at Dec. 31, 2023   245,793,000          
Beginning balance at Dec. 31, 2023 93,110 $ 245 $ 0 1,862,558 (1,766,839) 31 (2,885)
Preferred stock beginning balance (in shares) at Dec. 31, 2023     0        
Net income (loss) (101,826)            
Unrealized loss on investments (224)            
Common stock ending balance (in shares) at Jun. 30, 2024   363,020,000          
Ending balance at Jun. 30, 2024 239,980 $ 363 $ 0 2,113,090 (1,868,665) (193) (4,615)
Preferred stock ending balance (in shares) at Jun. 30, 2024     0        
Common stock beginning balance (in shares) at Mar. 31, 2024   247,765,000          
Beginning balance at Mar. 31, 2024 288,867 $ 248 $ 23 2,108,497 (1,815,236) (50) (4,615)
Preferred stock beginning balance (in shares) at Mar. 31, 2024     2,304,000        
Stock-based compensation 4,859     4,859      
Issuance of preferred stock, net of fees (175)     (175)      
Issuance of common stock under Equity Incentive Plans (in shares)   48,000          
Issuance of common stock under Equity Incentive Plans 1     1      
Conversion of preferred stock to common stock (in shares)   115,207,000 (2,304,000)        
Conversion of preferred stock to common stock 0 $ 115 $ (23) (92)      
Net income (loss) (53,429)       (53,429)    
Unrealized loss on investments (143)         (143)  
Common stock ending balance (in shares) at Jun. 30, 2024   363,020,000          
Ending balance at Jun. 30, 2024 $ 239,980 $ 363 $ 0 2,113,090 (1,868,665) (193) (4,615)
Preferred stock ending balance (in shares) at Jun. 30, 2024     0        
Common stock beginning balance (in shares) at Dec. 31, 2024 363,020,303 363,020,000          
Beginning balance at Dec. 31, 2024 $ 145,950 $ 363 $ 0 2,117,325 (1,967,242) 119 (4,615)
Preferred stock beginning balance (in shares) at Dec. 31, 2024 2,304,147   0        
Stock-based compensation $ 3,043     3,043      
Issuance of common stock under Equity Incentive Plans (in shares)   2,540,000          
Issuance of common stock under Equity Incentive Plans 0 $ 3   (3)      
Payments for tax withholding on share-based compensation vesting (572)           (572)
Net income (loss) (25,295)       (25,295)    
Unrealized loss on investments (94)         (94)  
Common stock ending balance (in shares) at Mar. 31, 2025   365,560,000          
Ending balance at Mar. 31, 2025 $ 123,032 $ 366 $ 0 2,120,365 (1,992,537) 25 (5,187)
Preferred stock ending balance (in shares) at Mar. 31, 2025     0        
Common stock beginning balance (in shares) at Dec. 31, 2024 363,020,303 363,020,000          
Beginning balance at Dec. 31, 2024 $ 145,950 $ 363 $ 0 2,117,325 (1,967,242) 119 (4,615)
Preferred stock beginning balance (in shares) at Dec. 31, 2024 2,304,147   0        
Net income (loss) $ (22,043)            
Unrealized loss on investments $ (133)            
Common stock ending balance (in shares) at Jun. 30, 2025 365,780,799 365,781,000          
Ending balance at Jun. 30, 2025 $ 129,440 $ 366 $ 0 2,123,560 (1,989,285) (14) (5,187)
Preferred stock ending balance (in shares) at Jun. 30, 2025 2,304,147   0        
Common stock beginning balance (in shares) at Mar. 31, 2025   365,560,000          
Beginning balance at Mar. 31, 2025 $ 123,032 $ 366 $ 0 2,120,365 (1,992,537) 25 (5,187)
Preferred stock beginning balance (in shares) at Mar. 31, 2025     0        
Stock-based compensation 3,195     3,195      
Issuance of common stock under Equity Incentive Plans (in shares)   221,000          
Issuance of common stock under Equity Incentive Plans 0            
Net income (loss) 3,252       3,252    
Unrealized loss on investments $ (39)         (39)  
Common stock ending balance (in shares) at Jun. 30, 2025 365,780,799 365,781,000          
Ending balance at Jun. 30, 2025 $ 129,440 $ 366 $ 0 $ 2,123,560 $ (1,989,285) $ (14) $ (5,187)
Preferred stock ending balance (in shares) at Jun. 30, 2025 2,304,147   0