v3.26.1
Condensed Consolidated Statements of Shareholders' Deficit (Unaudited) - USD ($)
$ in Thousands
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings, Appropriated [Member]
AOCI Attributable to Parent [Member]
Total
Balance (in shares) at Dec. 31, 2024 42,231,746        
Balance at Dec. 31, 2024 $ 115 $ 797,248 $ (806,222) $ 56 $ (8,803)
Exercise of options into ordinary shares (in shares) 386,274        
Exercise of options into ordinary shares $ 1 326     327
Share-based compensation   5,802     5,802
Other comprehensive loss (50) (50)
Net loss     (93,783)   (93,783)
Conversion of pre-funded warrants into ordinary shares (in shares) 3,206,271        
Conversion of pre-funded warrants into ordinary shares $ 9 (6) 3
Issuance of ordinary shares, net of issuance costs (in shares) 374,843        
Issuance of ordinary shares, net of issuance costs $ 1 3,127     3,128
Balance (in shares) at Jun. 30, 2025 46,199,134        
Balance at Jun. 30, 2025 $ 126 806,497 (900,005) 6 (93,376)
Balance (in shares) at Mar. 31, 2025 46,101,785        
Balance at Mar. 31, 2025 $ 126 803,467 (850,065) 14 (46,458)
Exercise of options into ordinary shares (in shares) 97,349        
Exercise of options into ordinary shares $ 0 297     297
Share-based compensation   2,733     2,733
Other comprehensive loss (8) (8)
Net loss     (49,940)   (49,940)
Balance (in shares) at Jun. 30, 2025 46,199,134        
Balance at Jun. 30, 2025 $ 126 806,497 (900,005) 6 (93,376)
Balance (in shares) at Dec. 31, 2025 48,350,272        
Balance at Dec. 31, 2025 $ 133 854,090 (959,716) 19 (105,474)
Exercise of options into ordinary shares (in shares) 519,258        
Exercise of options into ordinary shares $ 2 1,064     1,066
Share-based compensation   9,958     9,958
Other comprehensive loss (21) (21)
Net loss     (37,925)   (37,925)
Balance (in shares) at Jun. 30, 2026 48,869,530        
Balance at Jun. 30, 2026 $ 135 865,112 (997,641) (2) (132,396)
Balance (in shares) at Mar. 31, 2026 48,708,280        
Balance at Mar. 31, 2026 $ 134 858,895 (983,290) 8 (124,253)
Exercise of options into ordinary shares (in shares) 161,250        
Exercise of options into ordinary shares $ 1 886     887
Share-based compensation   5,331     5,331
Other comprehensive loss (10) (10)
Net loss     (14,351)   (14,351)
Balance (in shares) at Jun. 30, 2026 48,869,530        
Balance at Jun. 30, 2026 $ 135 $ 865,112 $ (997,641) $ (2) $ (132,396)