Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.23.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Revenues $ 18,051 $ 5,398
Operating expenses:    
Cost of product sales 3,434 1,491
Research and development 31,308 59,835
Selling, general and administrative 20,711 24,658
Amortization expense 38 1,548
Total operating expenses 55,491 87,532
Loss from continuing operations (37,440) (82,134)
Other expense:    
Interest expense, net (4,170) (2,391)
Other expense, net (20) (20)
Total other expense, net from continuing operations (4,190) (2,411)
Loss from continuing operations before income taxes (41,630) (84,545)
Income tax expense (benefit) 28 (196)
Loss from continuing operations (41,658) (84,349)
Loss from discontinued operations 0 (27)
Net loss $ (41,658) $ (84,376)
Net income (loss) per share of common stock and preferred stock, basic    
Net loss per share of common stock and preferred stock, basic (in dollars per share) $ (4.43)  
Net income (loss) per share of common stock and preferred stock, diluted    
Net loss per share of common stock and preferred stock, diluted (in dollars per share) (4.43)  
Common stock    
Net income (loss) per share of common stock and preferred stock, basic    
Net (loss) income per share of common stock and preferred stock, continuing operations, basic (in dollars per share) [1] (4.43) $ (9.95)
Net (loss) income per share of common stock and preferred stock, discontinued operations, basic (in dollars per share) [1] 0 (0.00)
Net loss per share of common stock and preferred stock, basic (in dollars per share) [1] (4.43) (9.95)
Net income (loss) per share of common stock and preferred stock, diluted    
Net (loss) income per share of common stock and preferred stock, continuing operations, diluted (in dollars per share) [1] (4.43) (9.95)
Net (loss) income per share of common stock and preferred stock, discontinued operations, diluted (in dollars per share) [1] 0 (0.00)
Net loss per share of common stock and preferred stock, diluted (in dollars per share) [1] $ (4.43) (9.95)
Preferred Stock    
Net income (loss) per share of common stock and preferred stock, basic    
Net (loss) income per share of common stock and preferred stock, continuing operations, basic (in dollars per share) [1]   (4.15)
Net (loss) income per share of common stock and preferred stock, discontinued operations, basic (in dollars per share) [1]   0
Net loss per share of common stock and preferred stock, basic (in dollars per share) [1]   (4.15)
Net income (loss) per share of common stock and preferred stock, diluted    
Net (loss) income per share of common stock and preferred stock, continuing operations, diluted (in dollars per share) [1]   (4.15)
Net (loss) income per share of common stock and preferred stock, discontinued operations, diluted (in dollars per share) [1]   0
Net loss per share of common stock and preferred stock, diluted (in dollars per share) [1]   $ (4.15)
Product revenue, net    
Revenues:    
Revenues $ 3,364 $ 4,773
License and other revenue    
Revenues:    
Revenues $ 14,687 $ 625
[1] Amounts for prior periods presented have been retroactively adjusted to reflect the 1-for-12 reverse stock split effected on July 7, 2022. See Note 1 for details.