v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Total revenue $ 5,486 $ 5,000 $ 7,387 $ 5,000
Operating expenses:        
Cost of sales 280 0 1,356 0
Selling, general and administrative 39,378 12,796 84,338 23,909
Research and development 0 9,061 0 14,879
Total operating expenses 39,658 21,857 85,694 38,788
Loss from operations (34,172) (16,857) (78,307) (33,788)
Other (expense) income:        
Other (expense) income (13) 199 (10) 188
Interest income 2,270 2,246 4,914 4,569
Total other income, net 2,257 2,445 4,904 4,757
Net loss before income taxes (31,915) (14,412) (73,403) (29,031)
Income tax expense 3 500 3 500
Net loss (31,918) (14,912) (73,406) (29,531)
Other comprehensive loss:        
Unrealized loss on marketable securities (179) (85) (871) (158)
Comprehensive loss $ (32,097) $ (14,997) $ (74,277) $ (29,689)
Net loss per share - basic (in dollars per share) $ (1.02) $ (0.53) $ (2.34) $ (1.06)
Net loss per share - diluted (in dollars per share) $ (1.02) $ (0.53) $ (2.34) $ (1.06)
Weighted-average common shares outstanding, basic (in shares) 31,374,311 28,079,071 31,363,566 27,804,112
Weighted-average common shares outstanding, diluted (in shares) 31,374,311 28,079,071 31,363,566 27,804,112
Product sales, net        
Revenue:        
Total revenue $ 1,736 $ 0 $ 3,387 $ 0
License revenue        
Revenue:        
Total revenue $ 3,750 $ 5,000 $ 4,000 $ 5,000