v3.26.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Total revenue $ 55,056 $ 54,475 $ 156,372 $ 152,918
Operating costs and expenses:        
Cost of sales 15,198 12,173 38,097 35,030
Selling, general and administrative 16,301 16,817 52,271 52,468
Research and development 18,283 15,912 56,973 45,227
Total operating costs and expenses 49,782 44,902 147,341 132,725
Income from operations 5,274 9,573 9,031 20,193
Other income (expenses):        
Interest income 879 1,044 2,712 3,101
Interest expense 0 (1,489) (911) (5,503)
Other income 19 115 158 884
Total other income (expenses), net 898 (330) 1,959 (1,518)
Net income before income taxes 6,172 9,243 10,990 18,675
Income tax expense (216) (399) (598) (1,002)
Net income $ 5,956 $ 8,844 $ 10,392 $ 17,673
Net income per share of common stock—basic (in dollars per share) $ 0.12 $ 0.18 $ 0.2 $ 0.35
Net income per share of common stock—diluted (in dollars per share) $ 0.11 $ 0.17 $ 0.2 $ 0.35
Weighted-average shares of common stock outstanding—basic (in shares) 51,602,295 50,339,456 51,131,897 49,881,181
Weighted-average shares of common stock outstanding—diluted (in shares) 53,116,836 50,929,893 52,605,014 50,334,553
Product [Member]        
Total revenue $ 54,112 $ 51,902 $ 149,631 $ 144,194
Royalty [Member]        
Total revenue $ 944 $ 2,573 $ 6,741 $ 8,724