v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information By Segment

The following table sets forth the Company’s segment information (in thousands):

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

External program expenses for product candidates

 

 

 

 

 

 

 

 

 

 

 

Prula-cel

$

2,672

 

 

$

4,484

 

 

$

4,719

 

 

$

7,852

 

ADI-270

 

(191

)

 

 

4,104

 

 

 

178

 

 

 

5,470

 

ADI-212

 

1,226

 

 

 

701

 

 

 

2,174

 

 

 

769

 

Total external program expenses for product candidates

 

3,707

 

 

 

9,289

 

 

 

7,071

 

 

 

14,091

 

Non-program specific expenses(1)

 

3,055

 

 

 

2,089

 

 

 

6,070

 

 

 

4,764

 

Personnel-related expenses (including non-cash stock-based compensation)(2)

 

9,116

 

 

 

12,840

 

 

 

18,642

 

 

 

27,633

 

Depreciation

 

1,199

 

 

 

1,655

 

 

 

2,541

 

 

 

3,335

 

Professional services and consulting fees

 

1,634

 

 

 

2,156

 

 

 

3,327

 

 

 

4,420

 

Facilities and infrastructure expenses

 

1,801

 

 

 

2,379

 

 

 

3,582

 

 

 

4,605

 

Other segment expense(3)

 

1,789

 

 

 

1,984

 

 

 

2,638

 

 

 

3,429

 

Interest income

 

(1,168

)

 

 

(1,398

)

 

 

(2,510

)

 

 

(3,081

)

Other expense, net(4)

 

82

 

 

 

223

 

 

 

98

 

 

 

235

 

Income tax provision

 

143

 

 

 

—

 

 

 

143

 

 

 

—

 

Segment net loss

$

21,358

 

 

$

31,217

 

 

$

41,602

 

 

$

59,431

 

 

(1)
Relates to platform research and development expenses which are not attributed to specific programs.
(2)
Relates to personnel-related expenses including non-cash stock-based compensation for the three months ended June 30, 2026 and 2025 of $1.4 million and $2.9 million, respectively, and the six months ended June 30, 2026 and 2025 of $2.7 million and $6.1 million, respectively.
(3)
Relates to other expenses primarily for software subscriptions and licenses, office expenses, travel and entertainment, director compensation and recruiting fees.
(4)
Consists of interest expense and other expenses.