v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Commercialization revenue $ 630 $ 17,575 $ 1,146 $ 115,724
Costs and operating expenses:        
Cost of commercialization revenue 191 554 315 20,993
Research and development expenses 1,345 7,310 1,509 34,743
General and administrative expenses 3,814 6,514 7,411 17,989
Total costs and operating expenses 5,350 14,378 9,235 73,725
Income (loss) from operations (4,720) 3,197 (8,089) 41,999
Other income (expense), net:        
Interest income 78 143 132 379
Interest expense (191) (972) (1,021) (1,989)
Other income (expense), net 0 22 0 11
Total other income (expense), net (113) (807) (889) (1,599)
Income (loss) before provision for (benefit from) income taxes (4,833) 2,390 (8,978) 40,400
Provision for (benefit from) income taxes 1 3 1 3
Net income (loss) (4,834) 2,387 (8,979) 40,397
Other comprehensive gain (loss):        
Unrealized gain (loss) on available-for-sale securities (2) 0 (3) (8)
Comprehensive income (loss) $ (4,836) $ 2,387 $ (8,982) $ 40,389
Basic (loss) earnings per common share $ (0.32) $ 0.2 $ (0.62) $ 3.52
Diluted (loss) earnings per common share $ (0.32) $ 0.19 $ (0.62) $ 3.49
Basic weighted-average shares outstanding 15,033 12,197 14,560 11,484
Diluted weighted-average shares outstanding 15,033 12,310 14,560 11,576

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