v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 27,015 $ 38,345
Short-term investments 4,471 5,997
Accounts receivable, net 2,936 13
Prepaid expenses and other current assets 4,201 6,574
Total current assets 38,623 50,929
Property and equipment, net 3,600 3,808
Right-of-use lease assets, net 561 647
Intangible assets, net 42 45
Other assets 646 646
Total assets 43,472 56,075
Current liabilities:    
Accounts payable 2,016 1,964
Accrued liabilities 13,892 11,160
Contract liabilities 0 167
Current lease liabilities 393 322
Total current liabilities 16,301 13,613
Non-current lease liabilities 203 368
Other non-current liabilities 107 114
Total liabilities 16,611 14,095
Commitments and contingencies (see Note 7)
Shareholders' equity:    
Ordinary shares, $0.000174 par value; 400,000,000 shares authorized; 62,974,309 and 56,442,308 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 11 10
Additional paid-in capital 465,509 444,176
Accumulated other comprehensive loss (962) (1,191)
Treasury shares (180) (180)
Accumulated deficit (437,517) (400,835)
Total shareholders' equity 26,861 41,980
Total liabilities and shareholders' equity $ 43,472 $ 56,075