XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Revenues $ 4,658 $ 5,952 $ 15,996 $ 32,774
Operating expenses        
Research and development 20,169 20,055 56,136 61,459
General and administrative 5,842 3,493 17,374 13,585
Change in fair value of contingent consideration 205 215 (158) 624
Total operating expenses 26,216 23,763 73,352 75,668
Loss from operations (21,558) (17,811) (57,356) (42,894)
Interest income 1,494 694 4,223 1,249
Interest expense (46) (429) (415) (1,417)
Foreign exchange (gain) loss 6 (21) 11 (18)
Total other income (loss) 1,454 244 3,819 (186)
Loss before income taxes (20,104) (17,567) (53,537) (43,080)
Income tax expense 0 0 0 (4,444)
Net loss $ (20,104) $ (17,567) $ (53,537) $ (47,524)
Loss per share        
Basic (in USD per share) $ (0.12) $ (0.12) $ (0.32)  
Diluted (in USD per share) $ (0.12) $ (0.12) $ (0.32) $ (0.32)
Weighted average number of common shares        
Basic (in shares) 167,512,708 150,995,191 165,085,243  
Diluted (in shares) 167,512,708 150,995,191 165,085,243 149,385,999
Comprehensive loss        
Unrealized gain (loss) on available-for-sale securities $ 584 $ (907) $ 1,604 $ (2,669)
Comprehensive loss (19,520) (18,474) (51,933) (50,193)
Collaborations and licenses        
Revenue        
Revenues 3,935 3,607 13,329 27,381
Non-cash royalty revenue        
Revenue        
Revenues $ 723 $ 2,345 $ 2,667 $ 5,393