Condensed 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 |
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Revenues: | ||||
Total revenues | $ 72,386 | $ 48,611 | $ 138,649 | $ 89,237 |
Expenses: | ||||
Cost of goods sold | 5,605 | 5,224 | 9,424 | 10,754 |
Research and development | 11,816 | 6,453 | 21,829 | 12,058 |
Selling | 11,495 | 14,002 | 23,096 | 27,312 |
General and administrative | 12,617 | 11,947 | 23,345 | 22,489 |
(Gain) loss on foreign currency transaction | (529) | 251 | (1,928) | 1,205 |
Total expenses | 55,776 | 46,890 | 105,317 | 93,514 |
Income (loss) from operations | 16,610 | 1,721 | 33,332 | (4,277) |
Other income (expense): | ||||
Interest income, net | 3,177 | 1,547 | 6,611 | 2,849 |
Interest expense on financing liability | (2,444) | (2,449) | (4,891) | (4,873) |
Interest expense | (6,051) | (6,873) | (8,618) | (9,659) |
Interest expense on liability for sale of future royalties | (4,383) | (8,631) | ||
(Loss) gain on available-for-sale securities | (1,550) | 932 | (1,550) | 932 |
Loss on extinguishment of debt | (7,050) | (7,050) | ||
Other expense | (143) | (32) | ||
Total other expense | (18,301) | (6,986) | (24,129) | (10,783) |
Income (loss) before income tax expense | (1,691) | (5,265) | 9,203 | (15,060) |
Income tax expense | 323 | 587 | ||
Net income (loss) | $ (2,014) | $ (5,265) | $ 8,616 | $ (15,060) |
Net income (loss) per share - basic | $ (0.01) | $ (0.02) | $ 0.03 | $ (0.06) |
Weighted average shares used to compute net income (loss) per share - basic | 273,056 | 265,626 | 271,706 | 264,802 |
Net income (loss) per share - diluted | $ (0.01) | $ (0.02) | $ 0.03 | $ (0.06) |
Weighted average shares used to compute net income (loss) per share - diluted | 273,056 | 265,626 | 279,358 | 264,802 |
Commercial product sales | ||||
Revenues: | ||||
Total revenues | $ 20,780 | $ 18,345 | $ 39,544 | $ 35,907 |
Collaborations and services | ||||
Revenues: | ||||
Total revenues | 26,014 | 11,211 | 50,862 | 22,597 |
Expenses: | ||||
Cost of revenue | 14,772 | 9,013 | 29,551 | 19,696 |
Royalties | ||||
Revenues: | ||||
Total revenues | $ 25,592 | $ 19,055 | $ 48,243 | $ 30,733 |
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- Definition Interest expense on financing liability. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of unrealized and realized gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense recognized for liability for future policy benefit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for research and development. Excludes cost for computer software product to be sold, leased, or otherwise marketed, writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both, and write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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