| Summary of Segment Loss Including Segment Expenses |
The table below is a summary of the segment loss, including significant segment expenses (in thousands):
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Three months ended June 30, |
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Six months ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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(in thousands) |
(in thousands) |
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Operating expenses: |
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Facility costs |
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$ |
4,825 |
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$ |
6,515 |
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$ |
10,335 |
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$ |
12,174 |
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Research, development, and laboratory |
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8,962 |
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23,945 |
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21,053 |
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47,737 |
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Support functions |
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12,932 |
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18,731 |
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27,308 |
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|
38,823 |
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Stock-based compensation |
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6,629 |
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11,380 |
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13,651 |
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|
20,472 |
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Technical operations and manufacturing |
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4,511 |
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11,452 |
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11,948 |
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|
21,475 |
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Other(1) |
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2,243 |
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5,293 |
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|
4,480 |
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|
9,352 |
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Research and development related success payments and contingent consideration |
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10,262 |
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(27,944 |
) |
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12,219 |
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|
|
10,063 |
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Impairment of long-lived assets |
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44,611 |
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- |
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44,611 |
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|
- |
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Total operating expenses |
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|
94,975 |
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|
|
49,372 |
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|
|
145,605 |
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|
|
160,096 |
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Loss from operations |
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|
(94,975 |
) |
|
|
(49,372 |
) |
|
|
(145,605 |
) |
|
|
(160,096 |
) |
Interest income, net |
|
|
577 |
|
|
|
3,202 |
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|
|
1,569 |
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|
|
6,236 |
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Other income (expense), net |
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|
598 |
|
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(4,121 |
) |
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|
847 |
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|
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(3,906 |
) |
Net loss |
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$ |
(93,800 |
) |
|
$ |
(50,291 |
) |
|
$ |
(143,189 |
) |
|
$ |
(157,766 |
) |
(1) Other includes licensing costs, consulting fees, insurance, and business taxes for the three and six months ended June 30, 2025 and 2024.
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