v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Grant revenue $ 81 $ 290 $ 157 $ 632
Operating expenses:        
Research and development 21,544 16,620 42,916 30,952
General and administrative 7,795 7,709 14,780 15,551
Total operating expenses 29,339 24,329 57,696 46,503
Operating loss (29,258) (24,039) (57,539) (45,871)
Non-operating income (expense):        
Interest income 2,347 2,159 4,544 4,543
Interest and other expense (71) (119) (176) (247)
Other income from a related party (Note 3) 0 0 0 1,400
Equity in loss of affiliate (1) 0 (1) (1)
Total non-operating income, net 2,275 2,040 4,367 5,695
Net loss from continuing operations (26,983) (21,999) (53,172) (40,176)
Net gain from discontinued operations 197 514 197 514
Net loss before deferred income tax benefit (26,786) (21,485) (52,975) (39,662)
Deferred income tax benefit 0 0 0 0
Net loss $ (26,786) $ (21,485) $ (52,975) $ (39,662)
Basic and diluted loss per share:        
Loss from continuing operations, Basic $ (0.22) $ (0.3) $ (0.47) $ (0.55)
Loss from continuing operations, Diluted (0.22) (0.3) (0.47) (0.55)
Gain from discontinued operations, Basic 0 0.01 0 0.01
Gain from discontinued operations, Diluted 0 0.01 0 0.01
Basic loss per share (0.22) (0.29) (0.47) (0.54)
Diluted loss per share $ (0.22) $ (0.29) $ (0.47) $ (0.54)
Weighted average number of shares used in computing net loss per share:        
Basic 120,651 74,235 112,174 73,301
Diluted 120,651 74,235 112,174 73,301
Unrealized gain (loss) on available-for-sale securities $ 5 $ (16) $ (331) $ 54
Comprehensive loss $ (26,781) $ (21,501) $ (53,306) $ (39,608)