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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating expenses        
Research and development expenses $ 36,317 $ 21,821 $ 63,772 $ 43,350
Selling, general and administrative expenses 5,400 6,633 11,877 12,787
Loss from operations (41,717) (28,454) (75,649) (56,137)
Gain/(loss) from the change in fair value of derivative liabilities 2,066 (6,784) 8,408 (8,979)
Financial investment income 1,996 2,982 4,332 6,237
Related party loan interest income 1,222 1,001 2,445 1,991
Interest expense (613) 0 (1,025) 0
Other gain, net 1,053 148 823 182
Loss before income taxes (35,993) (31,107) (60,666) (56,705)
Income tax expense 395 303 1,018 477
Net loss $ (36,388) $ (31,410) $ (61,684) $ (57,182)
Weighted-average number of shares outstanding – basic (in shares) 276,355 275,632 276,309 275,563
Weighted-average number of shares outstanding – diluted (in shares) 276,355 275,632 276,309 275,563
Net loss per share basic (in dollars per share) $ (0.13) $ (0.11) $ (0.22) $ (0.21)
Net loss per share diluted (in dollars per share) $ (0.13) $ (0.11) $ (0.22) $ (0.21)