v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total revenue $ 1,973 $ 563 $ 30,780 $ 563
Costs and operating expenses:        
Cost of revenue 326 268 5,042 268
Research and development 18,352 20,914 36,865 40,768
Selling, general and administrative 9,527 13,278 24,548 30,713
Gain on sale of non-financial asset (Note 17) 0 (105,000) 0 (105,000)
Total operating expense (income) 28,205 (70,540) 66,455 (33,251)
Loss from operations (26,232) 71,103 (35,675) 33,814
Other income (expense), net:        
Interest income 665 1,565 1,690 2,631
Interest expense (2,232) (2,176) (4,433) (4,050)
Change in fair value of warrant liability 2,642 20,215 13,472 6,460
Other (expense) income, net (547) 144 (442) 249
Total other income, net 528 19,748 10,287 5,290
(Loss) income before provision for income taxes (25,704) 90,851 (25,388) 39,104
Provision for income taxes 37 18 71 37
Net (loss) income $ (25,741) $ 90,833 $ (25,459) $ 39,067
Net loss per share attributable to common stockholders—basic $ (3.47) $ 13.59 $ (3.59) $ 5.85
Weighted average shares of common stock outstanding—basic 7,412,990 6,681,349 7,095,846 6,673,868
Net loss per share attributable to common stockholders—diluted $ (3.47) $ 13.57 $ (3.59) $ 5.85
Weighted average shares of common stock outstanding—diluted 7,412,990 6,693,376 7,095,846 6,681,862
Supplemental Income Statement Elements [Abstract]        
Change in net unrealized gains on marketable debt securities $ (10) $ (6) $ (16) $ (42)
Comprehensive (loss) income (25,751) 90,827 (25,475) 39,025
License and other revenue        
Total revenue $ 229 $ 0 28,094 0
Product revenue, net        
Total revenue     $ 2,686 $ 563