v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 224 $ 756 $ 366 $ 16,455
Cost of sales (85) (3,333) (139) (6,133)
Gross profit 139 (2,577) 227 10,322
Research and development costs (17,647) (13,802) (38,460) (25,647)
General and administrative expenses (5,131) (7,009) (12,815) (13,644)
Restructuring charges (1,324) 0 (1,324) 0
Operating loss (23,963) (23,388) (52,372) (28,969)
Foreign currency (loss)/gain, net (6,613) (222) (10,382) 129
Other income, net 861 1,351 1,830 2,017
Benefit from R&D credit 2,371 2,732 5,050 5,228
Loss before income tax expense (27,344) (19,527) (55,874) (21,595)
Income tax expense (10) (228) (10) (472)
Net Loss $ (27,354) $ (19,755) $ (55,884) $ (22,067)
Loss per share basic $ (0.19) $ (0.14) $ (0.39) $ (0.16)
Loss per share diluted $ (0.19) $ (0.14) $ (0.39) $ (0.16)
Weighted-average shares outstanding basic 141,696,047 140,208,929 141,687,438 136,045,022
Weighted-average shares outstanding diluted 141,696,047 140,208,929 141,687,438 136,045,022