XML 18 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
License and collaboration revenue $ 12,595 $ 267,630 $ 344,775
Total revenue 12,595 267,630 344,775
Operating expenses:      
Research and development expenses 113,300 97,359 59,369
General and administrative expenses 50,396 43,947 40,505
Total operating expenses 163,696 141,306 99,874
(Loss) income from operations (151,101) 126,324 244,901
Other income:      
Grant income 2,687 2,091 10,181
Research and development tax credits 3,527 1,172 0
Interest income 31,774 11,361 78
Other income, net 4,083 7,788 1,304
(Loss) income before income tax expense (109,030) 148,736 256,464
Income tax expense 3,612 52,084 41,943
Net (loss) income (112,642) 96,652 214,521
Net (loss) income attributable to common stockholders $ (112,642) $ 96,652 $ 214,521
Basic net (loss) income per common share $ (3.15) $ 2.72 $ 6.1
Diluted net (loss) income per common share $ (3.15) $ 2.56 $ 5.68
Weighted-average common shares outstanding - basic 35,763,520 35,552,025 35,181,383
Weighted-average common shares outstanding - diluted 35,763,520 37,766,507 37,774,790
Net Income (Loss) $ (112,642) $ 96,652 $ 214,521
Foreign currency translation adjustments (3,631) (8,478) (1,635)
Unrealized gain (loss) related to available-for-sale debt securities 35 (148) 0
Comprehensive (loss) income $ (116,238) $ 88,026 $ 212,886