v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities    
Net loss $ (37,925) $ (93,783)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 153 152
Accrued financing on prepaid forward obligation 2,050 123
Accretion on marketable securities (250) (1,640)
Share-based compensation 9,958 5,802
Amortization of discount on long-term debt 1,178 774
Amortization of right-of-use assets 1,167 941
Acquisitions of IPR&D 0 3,128
Changes in operating assets and liabilities:    
Inventory (8,125) 2,099
Accounts receivable, net (55,675) 653
Prepaid expenses and other current assets 1,896 (3,210)
Other non-current assets (3,600) (212)
Accounts payable and accrued expenses 12,228 3,531
Employee related accrued expenses (1,263) 1,076
Other current liabilities 0 62
Lease liabilities (113) (1,344)
Restricted deposit (1) (1)
Net cash used in operating activities (78,322) (81,849)
Cash Flows From Investing Activities    
Purchases of marketable securities (24,780) (68,140)
Maturities of marketable securities 5,879 70,768
Purchases of property and equipment (114) (185)
Net cash (used in) provided by investing activities (19,015) 2,443
Cash Flows From Financing Activities    
Principal payments on finance leases (708) 0
Proceeds from exercise of options into ordinary shares 1,066 327
Proceeds from issuance of long-term debt, net 65,346 0
Proceeds from pre-funded warrant issuance, net of issuance costs 0 3
Net cash provided by financing activities 65,704 330
Decrease in Cash and Cash Equivalents (31,633) (79,076)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 112,095 173,062
Cash, Cash Equivalents and Restricted Cash at End of Period 80,462 93,986
Supplemental Disclosures of Non-Cash Activities    
Right-of-use assets obtained in exchange for new operating and finance lease liabilities 338 3,358
Acquisitions of IPR&D $ 0 $ 3,128