| Summary of Reportable Segment |
The CODM is regularly provided with the following significant segment expenses:
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Revenue |
|
$ |
119 |
|
|
$ |
370 |
|
|
$ |
338 |
|
|
$ |
687 |
|
Employee-related expenses, excluding stock-based compensation |
|
|
7,554 |
|
|
|
5,143 |
|
|
|
14,401 |
|
|
|
9,583 |
|
Stock-based compensation |
|
|
1,806 |
|
|
|
628 |
|
|
|
3,288 |
|
|
|
1,205 |
|
External research and development expenses |
|
|
11,887 |
|
|
|
7,439 |
|
|
|
22,126 |
|
|
|
13,631 |
|
External general and administrative expenses |
|
|
2,492 |
|
|
|
1,471 |
|
|
|
5,144 |
|
|
|
2,325 |
|
Other segment expenses* |
|
|
5,358 |
|
|
|
3,754 |
|
|
|
10,267 |
|
|
|
7,498 |
|
Total operating expenses |
|
|
29,097 |
|
|
|
18,435 |
|
|
|
55,226 |
|
|
|
34,242 |
|
Loss from operations |
|
|
(28,978 |
) |
|
|
(18,065 |
) |
|
|
(54,888 |
) |
|
|
(33,555 |
) |
Other income, net |
|
|
4,140 |
|
|
|
1,515 |
|
|
|
8,574 |
|
|
|
2,746 |
|
Loss before provision for income taxes |
|
|
(24,838 |
) |
|
|
(16,550 |
) |
|
|
(46,314 |
) |
|
|
(30,809 |
) |
Benefit for income taxes |
|
|
— |
|
|
|
109 |
|
|
|
— |
|
|
|
202 |
|
Net loss |
|
$ |
(24,838 |
) |
|
$ |
(16,441 |
) |
|
$ |
(46,314 |
) |
|
$ |
(30,607 |
) |
(*) Other segment expenses include facility-related and office-related costs, information technology costs, general laboratory costs, and other operating expenses.
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