v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Total revenue $ 2,708 $ 28,807
Costs and operating expenses:    
Cost of revenue 598 4,716
Research and development 15,450 18,513
General and administrative 6,966 15,021
Total operating expense 23,014 38,250
Loss from operations (20,306) (9,443)
Other (expense) income, net:    
Interest income 2,105 1,025
Interest expense (2,134) (2,201)
Change in fair value of warrant liability 80 10,830
Other income, net 14 105
Total other income, net 65 9,759
(Loss) income before provision for income taxes (20,241) 316
Provision for income taxes 0 34
Net (loss) income $ (20,241) $ 282
Net loss per share attributable to common stockholders—basic $ (0.16) $ 0.04
Weighted average shares of common stock outstanding—basic 126,288,723 6,840,035
Net loss per share attributable to common stockholders—diluted $ (0.16) $ 0.04
Weighted average shares of common stock outstanding—diluted 126,288,723 6,869,084
Supplemental Income Statement Elements [Abstract]    
Change in net unrealized gains on marketable debt securities $ (13) $ (6)
Comprehensive (loss) income (20,254) 276
License and other revenue    
Total revenue 239 27,865
Product revenue, net    
Total revenue $ 2,469 $ 942