v3.26.1
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Total revenue $ 83,228 $ 3,084
Costs and expenses:    
Cost of sales 375 0
Cost of collaboration and license agreements revenue 5,616 2,094
Research and development 35,047 24,601
Selling, general and administrative 38,309 35,393
Total costs and expenses 79,347 62,088
Income (loss) from operations 3,881 (59,004)
Other income (expense):    
Interest income 5,108 5,321
Interest expense (6,708) (54)
Investment advisory fees (195) (203)
Change in fair value of warrant liability 2,865 (751)
Realized gain on marketable securities 8 3
Other income 438 1,452
Total other income, net 1,516 5,768
Income (loss) before income taxes 5,397 (53,236)
Provision for income taxes 0 0
Net income (loss) $ 5,397 $ (53,236)
Basic earnings (loss) per share attributable to common stockholders $ 0.02 $ (0.16)
Diluted earnings (loss) per share attributable to common stockholders $ 0.01 $ (0.16)
Basic weighted average common shares outstanding 347,332 338,612
Diluted weighted average common shares outstanding 377,521 338,612
Comprehensive income (loss):    
Net income (loss) $ 5,397 $ (53,236)
Other comprehensive (loss) income, net of taxes:    
Currency translation adjustment (268) 465
Change in unrealized loss on available-for-sale securities (1,222) (493)
Comprehensive income (loss) 3,907 (53,264)
Product [Member]    
Revenue:    
Total revenue 18,510 0
License [Member]    
Revenue:    
Total revenue $ 64,718 $ 3,084