| Schedule of Company's reportable segment net revenues and loss |
The Company's reportable segment net revenues and (loss) income for the three and six months ended June 30, 2026 and 2025 consisted of the following (in thousands):
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Three months ended June 30, |
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Six months ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Revenue: |
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Collaboration revenue |
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$ |
8,968 |
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$ |
23,194 |
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$ |
13,178 |
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$ |
108,123 |
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Operating expenses: |
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Research and development: |
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External research and development expenses: |
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MRT-2359 |
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3,520 |
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2,243 |
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5,901 |
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4,187 |
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MRT-6160 |
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16 |
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1,477 |
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27 |
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5,458 |
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MRT-8102 |
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8,660 |
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1,623 |
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15,441 |
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3,081 |
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CCNE1 |
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1,621 |
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716 |
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3,324 |
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1,478 |
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Other development and discovery programs |
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9,796 |
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4,986 |
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19,384 |
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9,450 |
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Personnel expense |
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13,901 |
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11,758 |
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27,394 |
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23,110 |
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Overhead and administrative expense |
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10,450 |
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7,850 |
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20,562 |
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16,079 |
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General and administrative expenses: |
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Personnel expense |
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6,649 |
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5,479 |
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13,069 |
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11,158 |
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Professional services |
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1,702 |
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1,050 |
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3,845 |
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2,528 |
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Facility costs and other expense |
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1,783 |
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1,566 |
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3,395 |
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3,112 |
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Interest and other income, net |
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5,941 |
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4,458 |
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11,524 |
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8,129 |
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Income tax provision |
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(208 |
) |
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(1,199 |
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(260 |
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(2,021 |
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Net (loss) income |
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$ |
(43,397 |
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$ |
(12,295 |
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$ |
(87,900 |
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$ |
34,590 |
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