Annual report [Section 13 and 15(d), not S-K Item 405]

STATEMENTS OF OPERATIONS

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STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Total revenues $ 179,278,000 $ 116,882,000 $ 120,242,000
Costs and expenses:      
Cost of product sales 18,647,000 7,110,000 1,749,000
Research and development 23,380,000 24,522,000 60,272,000
Selling, general and administrative 113,059,000 105,741,000 112,451,000
Restructuring charges     1,320,000
Total costs and expenses 155,086,000 137,373,000 175,792,000
Income (loss) from operations 24,192,000 (20,491,000) (55,550,000)
Interest income 2,092,000 2,272,000 684,000
Interest expense (7,918,000) (6,872,000) (3,707,000)
Income (loss) before income taxes 18,366,000 (25,091,000) (58,573,000)
Provision for income taxes 881,000    
Net income (loss) $ 17,485,000 $ (25,091,000) $ (58,573,000)
Net income (loss) per share      
Basic (in dollars per share) $ 0.99 $ (1.44) $ (3.44)
Diluted (in dollars per share) $ 0.99 $ (1.44) $ (3.44)
Weighted average shares used in computing net income (loss) per share      
Basic (in shares) 17,579 17,401 17,049
Diluted (in shares) 17,687 17,401 17,049
Product sales, net      
Total revenues $ 144,902,000 $ 104,294,000 $ 76,718,000
Contract revenues from collaborations      
Total revenues $ 34,376,000 11,488,000 39,024,000
Government contracts      
Total revenues   $ 1,100,000 $ 4,500,000