| Summary of Significant Segment Expenses |
The following table presents significant segment expenses for the three and six months ended June 30, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended June 30, |
|
|
For the Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Revenue |
|
$ |
— |
|
|
$ |
1,986 |
|
|
$ |
— |
|
|
$ |
4,288 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
|
|
Research and development program expense |
|
|
|
|
|
|
|
|
|
|
|
|
Program expense |
|
|
21,871 |
|
|
|
8,373 |
|
|
|
40,328 |
|
|
|
12,371 |
|
Consultants and contractors expense |
|
|
5,351 |
|
|
|
3,263 |
|
|
|
9,246 |
|
|
|
6,472 |
|
Compensation expense |
|
|
16,377 |
|
|
|
10,850 |
|
|
|
31,767 |
|
|
|
22,120 |
|
Other segment expense(a) |
|
|
3,040 |
|
|
|
6,382 |
|
|
|
7,708 |
|
|
|
11,736 |
|
Consolidated net loss |
|
$ |
(46,639 |
) |
|
$ |
(26,882 |
) |
|
$ |
(89,049 |
) |
|
$ |
(48,411 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) Other segment expense included in consolidated net loss includes interest income, depreciation, insurance, travel, software and subscription services, legal, professional and consulting expense, commercial readiness expense, rent and facilities expense, other general and administrative expense, net gain on lease termination, change in fair value of term loan, change in fair value of warrant liability and other expense. |
|
|