v3.25.2
SEGMENT REPORTING
6 Months Ended
Jun. 30, 2025
SEGMENT REPORTING  
SEGMENT REPORTING

NOTE 9 SEGMENT REPORTING

There have been no changes in the Company’s assessment of the basis of segmentation or in the basis of measurement of segment profit or loss since the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 3, 2025.

Three months ended June 30, 

Six Months Ended June 30, 

    

2025

   

2024

     

2025

    

2024

Operating expenses:

 

Contracted research expense

$

19,017

$

20,313

$

40,316

$

38,118

Personnel expense

10,894

8,002

21,518

15,735

Stock-based compensation expense

7,733

5,224

16,792

10,095

Other segment expense(a)

4,443

4,088

8,907

7,959

Depreciation

523

480

1,036

953

Segment net loss

(42,610)

(38,107)

(88,569)

(72,860)

Reconciliation of net loss

Interest income

6,495

6,610

11,656

12,838

Net Loss

$

(36,115)

$

(31,497)

$

(76,913)

$

(60,022)

a Other segment expense included in Segment net loss includes contracted administrative expenses, intellectual property fees, software costs, occupancy & equipment costs, and other overhead expenses.