Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — | — |
| Research & development | $63.1M | $55.8M | $51.8M | $842,000 | $139,000 | $177,000 |
| Operating expenses | $83.9M | $76.2M | $68.9M | $51.2M | $36.8M | $20.7M |
| Operating income | −$83.9M | −$76.2M | −$68.9M | −$51.2M | −$36.8M | −$20.7M |
| EBITDA | −$82.8M | −$74.9M | −$67.8M | −$50.2M | −$36.5M | — |
| Net income | −$75.8M | −$71.3M | −$64.5M | −$37.7M | −$30.6M | −$31.7M |
| Basic EPSper basic share | -$3.95 | -$4.89 | -$6.18 | -$10.33 | -$26.90 | -$51.70 |
| Diluted EPSper diluted share | -$3.95 | -$4.89 | -$6.18 | -$10.33 | -$26.90 | -$51.70 |
Reported shareholders
Reported holdings Number of shares
| Holder | Shares held |
|---|---|
Velan Capital Investment Management LP | 2.67M |
ACORN CAPITAL ADVISORS, LLC | 1.44M |
KINGDON CAPITAL MANAGEMENT, L.L.C. | 1.35M |
VANGUARD CAPITAL MANAGEMENT LLC | 1.17M |
Rock Springs Capital Management LP | 1.1M |
Carlyle Group Inc. | 1.07M |
GSA CAPITAL PARTNERS LLP | 534.7K |
MILLENNIUM MANAGEMENT LLC | 486.93K |
Lion Point Capital, LP | 465K |
GEODE CAPITAL MANAGEMENT, LLC | 263.81K |
RENAISSANCE TECHNOLOGIES LLC | 237.9K |
BlackRock, Inc. | 169.63K |
Shizuru Judith Anne | 156.9K |
VANGUARD FIDUCIARY TRUST CO | 149.94K |
ADAR1 Capital Management, LLC | 140K |
Quarry LP | 131.53K |
JANE STREET GROUP, LLC | 101.74K |
MARTELL RON | 74.12K |
UBS Group AG | 58.76K |
Jain Global LLC | 51.19K |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Sep 22, 2025Form 4 | WIGGANS THOMAS GDirector | BuyVoting Common Stock · indirect | 41.0K | $2.43 | $99.6K | 41.0K |
| Sep 22, 2025Form 4 | WIGGANS THOMAS GDirector | BuyCommon Stock Warrant (right to buy) · derivative · indirect | 41.0K | — | — | 41.0K |
| Sep 22, 2025Form 4 | Lucas SvetlanaDirector | BuyVoting Common Stock | 20.0K | $2.43 | $48.6K | 20.0K |
| Sep 22, 2025Form 4 | Lucas SvetlanaDirector | BuyCommon Stock Warrant (right to buy) · derivative | 20.0K | — | — | 20.0K |
| Sep 22, 2025Form 4 | MARTELL RONPresident and CEO | BuyVoting Common Stock | 41.0K | $2.43 | $99.6K | 74.1K |