Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

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Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenues $ 28,096 $ 28,049 $ 33,993 $ 42,709
Operating expenses        
Research and development 32,332 25,309 62,322 47,871
General and administrative 15,143 12,545 30,182 23,652
Total operating expenses 47,475 37,854 92,504 71,523
Loss from operations (19,379) (9,805) (58,511) (28,814)
Interest income 197 175 313 372
Unrealized (loss) gain on equity securities (3,736) 4,325 (3,173) (6,364)
Interest and other expense, net (594) (847) (1,251) (1,705)
Loss before provision for income taxes (23,512) (6,152) (62,622) (36,511)
Provision for income taxes 2,500   2,500  
Net loss $ (26,012) $ (6,152) $ (65,122) $ (36,511)
Net loss per share, basic $ (0.55) $ (0.13) $ (1.39) $ (0.79)
Net loss per share, diluted $ (0.55) $ (0.13) $ (1.39) $ (0.79)
Weighted-average shares used in computing basic loss per share 46,957,196 46,116,175 46,729,663 46,007,892
Weighted-average shares used in computing diluted loss per share 46,957,196 46,116,175 46,729,663 46,007,892