| Segment and Geographic Area Information |
Significant segment expenses are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Total revenues |
|
$ |
507 |
|
|
$ |
5,333 |
|
|
$ |
1,203 |
|
|
$ |
29,786 |
|
DURAVYU™ direct research and development expense |
|
|
(57,985 |
) |
|
|
(37,349 |
) |
|
|
(104,837 |
) |
|
|
(79,247 |
) |
Other direct research and development expense |
|
|
96 |
|
|
|
(1,003 |
) |
|
|
(509 |
) |
|
|
(1,988 |
) |
Personnel expense (including stock-based compensation) |
|
|
(29,446 |
) |
|
|
(20,065 |
) |
|
|
(59,680 |
) |
|
|
(40,907 |
) |
Facilities expense |
|
|
(1,800 |
) |
|
|
(1,863 |
) |
|
|
(3,406 |
) |
|
|
(3,267 |
) |
Depreciation and amortization |
|
|
(690 |
) |
|
|
(538 |
) |
|
|
(1,326 |
) |
|
|
(1,035 |
) |
Intellectual property expense |
|
|
(457 |
) |
|
|
(210 |
) |
|
|
(863 |
) |
|
|
(474 |
) |
Legal, corporate and professional expenses |
|
|
(3,210 |
) |
|
|
(2,967 |
) |
|
|
(5,783 |
) |
|
|
(5,867 |
) |
Provision for income taxes |
|
|
— |
|
|
|
(93 |
) |
|
|
50 |
|
|
|
(93 |
) |
Interest and other income, net |
|
|
2,910 |
|
|
|
2,894 |
|
|
|
5,254 |
|
|
|
6,536 |
|
Other segment expenses* |
|
|
(4,395 |
) |
|
|
(3,565 |
) |
|
|
(9,405 |
) |
|
|
(8,065 |
) |
Net loss |
|
|
(94,470 |
) |
|
|
(59,426 |
) |
|
|
(179,302 |
) |
|
|
(104,621 |
) |
*Other segment expenses include cost of goods sold and other expenses required to operate as a public company, such as insurance, software and contracted services.
|