| Schedule of Company's reportable segment net revenues and loss |
The Company’s reportable segment net revenues and income (loss) for the three and nine months ended September 30, 2026 and 2025 consisted of the following (in thousands):
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Three months ended September 30, |
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Nine months ended
September 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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$ |
54,366 |
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$ |
12,768 |
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$ |
67,544 |
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$ |
120,891 |
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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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2,633 |
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2,176 |
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8,534 |
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6,363 |
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MRT-6160 |
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299 |
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1,444 |
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326 |
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6,902 |
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MRT-8102 |
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5,636 |
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7,307 |
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21,077 |
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10,388 |
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Other development and discovery programs |
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12,405 |
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6,288 |
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35,113 |
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17,216 |
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Personnel expense |
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13,827 |
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10,889 |
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41,221 |
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33,999 |
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Overhead and administrative expense |
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10,563 |
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8,574 |
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31,125 |
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24,653 |
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General and administrative expenses: |
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Personnel expense |
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6,947 |
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5,696 |
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20,016 |
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16,854 |
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Professional services |
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2,513 |
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1,619 |
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6,358 |
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4,147 |
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Facility costs and other expense |
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1,482 |
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1,750 |
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4,877 |
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4,862 |
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Interest and other income, net |
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5,718 |
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2,717 |
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17,242 |
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10,846 |
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Income tax (provision) benefit |
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(716 |
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3,177 |
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(976 |
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1,156 |
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Net income (loss) |
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$ |
3,063 |
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$ |
(27,081 |
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$ |
(84,837 |
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$ |
7,509 |
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