2024 Q4 Form 10-Q Financial Statement
#000095017024124650 Filed on November 12, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | $0.00 | |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $8.171M | |
YoY Change | 79.98% | |
% of Gross Profit | ||
Research & Development | $24.69M | |
YoY Change | 71.2% | |
% of Gross Profit | ||
Depreciation & Amortization | $11.00K | |
YoY Change | -63.33% | |
% of Gross Profit | ||
Operating Expenses | $32.86M | |
YoY Change | 73.31% | |
Operating Profit | -$32.86M | |
YoY Change | 73.31% | |
Interest Expense | $6.362M | |
YoY Change | 31.45% | |
% of Operating Profit | ||
Other Income/Expense, Net | $6.371M | |
YoY Change | 31.2% | |
Pretax Income | -$26.49M | |
YoY Change | 87.81% | |
Income Tax | $114.0K | |
% Of Pretax Income | ||
Net Earnings | -$26.60M | |
YoY Change | 88.35% | |
Net Earnings / Revenue | ||
Basic Earnings Per Share | -$0.89 | |
Diluted Earnings Per Share | -$0.89 | |
COMMON SHARES | ||
Basic Shares Outstanding | 29.76M | 29.73M |
Diluted Shares Outstanding | 29.94M |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $487.4M | |
YoY Change | 31.54% | |
Cash & Equivalents | $192.6M | |
Short-Term Investments | $294.7M | |
Other Short-Term Assets | $5.789M | |
YoY Change | 56.46% | |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $493.2M | |
YoY Change | 31.77% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $79.00K | |
YoY Change | -56.83% | |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $236.0K | |
YoY Change | 103.45% | |
Total Long-Term Assets | $1.993M | |
YoY Change | -10.79% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $493.2M | |
Total Long-Term Assets | $1.993M | |
Total Assets | $495.1M | |
YoY Change | 31.51% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $3.553M | |
YoY Change | -58.18% | |
Accrued Expenses | $5.512M | |
YoY Change | -0.99% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $25.47M | |
YoY Change | 76.7% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | ||
Other Long-Term Liabilities | $1.712M | |
YoY Change | -44.77% | |
Total Long-Term Liabilities | $1.712M | |
YoY Change | -44.77% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $25.47M | |
Total Long-Term Liabilities | $1.712M | |
Total Liabilities | $27.19M | |
YoY Change | 55.14% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$268.5M | |
YoY Change | 62.63% | |
Common Stock | $3.000K | |
YoY Change | 50.0% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $468.0M | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $495.1M | |
YoY Change | 31.51% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$26.60M | |
YoY Change | 88.35% | |
Depreciation, Depletion And Amortization | $11.00K | |
YoY Change | -63.33% | |
Cash From Operating Activities | -$17.36M | |
YoY Change | 132.1% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$8.000K | |
YoY Change | -116.0% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$71.10M | |
YoY Change | ||
Cash From Investing Activities | -$71.09M | |
YoY Change | 142080.0% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 426.0K | |
YoY Change | -7.39% | |
NET CHANGE | ||
Cash From Operating Activities | -17.36M | |
Cash From Investing Activities | -71.09M | |
Cash From Financing Activities | 426.0K | |
Net Change In Cash | -88.03M | |
YoY Change | 1145.05% | |
FREE CASH FLOW | ||
Cash From Operating Activities | -$17.36M | |
Capital Expenditures | -$8.000K | |
Free Cash Flow | -$17.35M | |
YoY Change | 130.45% |
Facts In Submission
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us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
0 | ||
CY2024Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-25798000 | |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-14122000 | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-79159000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-52850000 | ||
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
345121000 | |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
806000 | |
CY2024Q1 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
4058000 | |
CY2024Q1 | iron |
Common Stock In At The Market Offerings Net Of Issuance Costs
CommonStockInAtTheMarketOfferingsNetOfIssuanceCosts
|
518000 | |
CY2024Q1 | iron |
Stock Issued During Period Value Sale Of Common Stock In At The Market Offerings
StockIssuedDuringPeriodValueSaleOfCommonStockInAtTheMarketOfferings
|
14790000 | |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
245000 | |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26949000 | |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
338071000 | |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
567000 | |
CY2024Q2 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
4091000 | |
CY2024Q2 | iron |
Common Stock In Registered Direct Offering Net Of Issuance Costs
CommonStockInRegisteredDirectOfferingNetOfIssuanceCosts
|
5472000 | |
CY2024Q2 | iron |
Stock Issued During Period Value Sale Of Common Stock In Registered Direct Offering
StockIssuedDuringPeriodValueSaleOfCommonStockInRegisteredDirectOffering
|
172512000 | |
CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
6000 | |
CY2024Q2 | iron |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriod
|
66000 | |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26352000 | |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
488829000 | |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
401000 | |
CY2024Q3 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
4332000 | |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
196000 | |
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-48000 | |
CY2024Q3 | iron |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriod
|
849000 | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26599000 | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
467960000 | |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
176600000 | |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1067000 | |
CY2023Q1 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
1024000 | |
CY2023Q1 | iron |
Common Stock In Registered Direct Offering Net Of Issuance Costs
CommonStockInRegisteredDirectOfferingNetOfIssuanceCosts
|
80000 | |
CY2023Q1 | iron |
Stock Issued During Period Value Sale Of Common Stock In Registered Direct Offering
StockIssuedDuringPeriodValueSaleOfCommonStockInRegisteredDirectOffering
|
34148000 | |
CY2023Q1 | iron |
Pre Funded Warrants In Registered Direct Offering Net Of Issuance Costs
PreFundedWarrantsInRegisteredDirectOfferingNetOfIssuanceCosts
|
66000 | |
CY2023Q1 | iron |
Stock Issued During Period Value Sale Of Pre Funded Warrants In Registered Direct Offering
StockIssuedDuringPeriodValueSaleOfPreFundedWarrantsInRegisteredDirectOffering
|
28206000 | |
CY2023Q1 | iron |
Common Stock In At The Market Offerings Net Of Issuance Costs
CommonStockInAtTheMarketOfferingsNetOfIssuanceCosts
|
408000 | |
CY2023Q1 | iron |
Stock Issued During Period Value Sale Of Common Stock In At The Market Offerings
StockIssuedDuringPeriodValueSaleOfCommonStockInAtTheMarketOfferings
|
14591000 | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-22781000 | |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
232855000 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
242000 | |
CY2023Q2 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
1309000 | |
CY2023Q2 | iron |
Common Stock In Follow On Public Offering Net Of Issuance Costs
CommonStockInFollowOnPublicOfferingNetOfIssuanceCosts
|
9272000 | |
CY2023Q2 | iron |
Stock Issued During Period Value Sale Of Common Stock In Follow On Public Offering
StockIssuedDuringPeriodValueSaleOfCommonStockInFollowOnPublicOffering
|
138508000 | |
CY2023Q2 | iron |
Pre Funded Warrants In Follow On Public Offering Net Of Issuance Costs
PreFundedWarrantsInFollowOnPublicOfferingNetOfIssuanceCosts
|
627000 | |
CY2023Q2 | iron |
Stock Issued During Period Value Sale Of Pre Funded Warrants In Follow On Public Offering
StockIssuedDuringPeriodValueSaleOfPreFundedWarrantsInFollowOnPublicOffering
|
9373000 | |
CY2023Q2 | iron |
Common Stock In At The Market Offerings Net Of Issuance Costs
CommonStockInAtTheMarketOfferingsNetOfIssuanceCosts
|
119000 | |
CY2023Q2 | iron |
Stock Issued During Period Value Sale Of Common Stock In At The Market Offerings
StockIssuedDuringPeriodValueSaleOfCommonStockInAtTheMarketOfferings
|
4879000 | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-15947000 | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
371219000 | |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
607000 | |
CY2023Q3 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
1270000 | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-14122000 | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
358974000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-79900000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-52850000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
147000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
75000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12481000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3603000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
3092000 | ||
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
0 | ||
iron |
Change In Fair Value Of Contingent Value Right Liability
ChangeInFairValueOfContingentValueRightLiability
|
0 | ||
iron |
Change In Fair Value Of Contingent Value Right Liability
ChangeInFairValueOfContingentValueRightLiability
|
-1500000 | ||
iron |
Noncash Lease Expense
NoncashLeaseExpense
|
324000 | ||
iron |
Noncash Lease Expense
NoncashLeaseExpense
|
180000 | ||
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
42000 | ||
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
0 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
509000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-341000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-9076000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-7710000 | ||
iron |
Increase Decrease In Accrued External Research And Development Expenses
IncreaseDecreaseInAccruedExternalResearchAndDevelopmentExpenses
|
14346000 | ||
iron |
Increase Decrease In Accrued External Research And Development Expenses
IncreaseDecreaseInAccruedExternalResearchAndDevelopmentExpenses
|
132000 | ||
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-647000 | ||
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-849000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-385000 | ||
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-88000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-66353000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-55666000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
56000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
86000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
313850000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
0 | ||
us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
23000000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
0 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-290906000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-86000 | ||
iron |
Proceeds From Sale Of Common Stock In Offerings Net Of Issuance Costs Paid
ProceedsFromSaleOfCommonStockInOfferingsNetOfIssuanceCostsPaid
|
172512000 | ||
iron |
Proceeds From Sale Of Common Stock In Offerings Net Of Issuance Costs Paid
ProceedsFromSaleOfCommonStockInOfferingsNetOfIssuanceCostsPaid
|
192126000 | ||
iron |
Proceeds From Sale Of Pre Funded Warrants In Offerings Net Of Issuance Costs Paid
ProceedsFromSaleOfPreFundedWarrantsInOfferingsNetOfIssuanceCostsPaid
|
0 | ||
iron |
Proceeds From Sale Of Pre Funded Warrants In Offerings Net Of Issuance Costs Paid
ProceedsFromSaleOfPreFundedWarrantsInOfferingsNetOfIssuanceCostsPaid
|
37579000 | ||
iron |
Proceeds From Sale Of Common Stock In At The Market Offerings
ProceedsFromSaleOfCommonStockInAtTheMarketOfferings
|
14790000 | ||
iron |
Proceeds From Sale Of Common Stock In At The Market Offerings
ProceedsFromSaleOfCommonStockInAtTheMarketOfferings
|
0 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1774000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1916000 | ||
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
441000 | ||
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
0 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
189517000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
231621000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-167742000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
175869000 | ||
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
360616000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
194788000 | |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
192874000 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
370657000 | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
37000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
78000 | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | ||
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1106000 | ||
iron |
Net Increase Decrease In Right Of Use Assets Related To Lease Modifications And Reassessments
NetIncreaseDecreaseInRightOfUseAssetsRelatedToLeaseModificationsAndReassessments
|
72000 | ||
iron |
Net Increase Decrease In Right Of Use Assets Related To Lease Modifications And Reassessments
NetIncreaseDecreaseInRightOfUseAssetsRelatedToLeaseModificationsAndReassessments
|
-422000 | ||
iron |
Net Increase Decrease In Lease Liabilities Related To Lease Modifications And Reassessments
NetIncreaseDecreaseInLeaseLiabilitiesRelatedToLeaseModificationsAndReassessments
|
72000 | ||
iron |
Net Increase Decrease In Lease Liabilities Related To Lease Modifications And Reassessments
NetIncreaseDecreaseInLeaseLiabilitiesRelatedToLeaseModificationsAndReassessments
|
-392000 | ||
iron |
Deferred Issuance Costs On Sale Of Common Stock And Pre Funded Warrants In Offerings Included In Accounts Payable And Accrued Expenses1
DeferredIssuanceCostsOnSaleOfCommonStockAndPreFundedWarrantsInOfferingsIncludedInAccountsPayableAndAccruedExpenses1
|
0 | ||
iron |
Deferred Issuance Costs On Sale Of Common Stock And Pre Funded Warrants In Offerings Included In Accounts Payable And Accrued Expenses1
DeferredIssuanceCostsOnSaleOfCommonStockAndPreFundedWarrantsInOfferingsIncludedInAccountsPayableAndAccruedExpenses1
|
215000 | ||
CY2024Q3 | us-gaap |
Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
|
487400000 | |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-268500000 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the Company’s condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of expenses during the reporting period. Significant estimates and assumptions reflected in these condensed consolidated financial statements include, but are not limited to accrued research and development expenses; stock-based compensation expense; the fair value determinations for instruments accounted for at fair value; the fair value of the contingent value right (“CVR”) (see Note 3); the incremental borrowing rate for determining lease liabilities and right-of-use assets; and income taxes. The Company bases its estimates on historical experience, known trends and other market-specific or other relevant factors that it has concluded to be reasonable under the circumstances. On an ongoing basis, management evaluates its estimates as there are changes in circumstances, facts and experience. Changes in estimates are recorded in the </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">period in which they become known. Actual results may differ materially from those estimates or assumptions.</span> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentration of Credit Risk and of Significant Suppliers</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash, cash equivalents, and marketable securities. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits and limits its exposure to cash risk by placing its cash with high credit quality accredited financial institutions. The Company has concluded that it is not subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company relies, and expects to continue to rely, on a small number of vendors to manufacture supplies and to process its product candidates for its development programs. These programs could be adversely affected by a significant interruption in the manufacturing process or supply chain</span> | ||
CY2024Q3 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | ||
CY2023Q3 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | ||
CY2024Q3 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
293942000 | |
CY2024Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
785000 | |
CY2024Q3 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
2000 | |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
294725000 | |
CY2023Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
0 | |
CY2024Q3 | iron |
Aggregate Fair Value Of Marketable Securities In Unrealized Loss Position
AggregateFairValueOfMarketableSecuritiesInUnrealizedLossPosition
|
7000000 | |
CY2023Q4 | iron |
Aggregate Fair Value Of Marketable Securities In Unrealized Loss Position
AggregateFairValueOfMarketableSecuritiesInUnrealizedLossPosition
|
0 | |
CY2024Q3 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
1 | |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
0 | |
CY2024Q3 | us-gaap |
Debtor Reorganization Items Impairment Loss
DebtorReorganizationItemsImpairmentLoss
|
0 | |
us-gaap |
Debtor Reorganization Items Impairment Loss
DebtorReorganizationItemsImpairmentLoss
|
0 | ||
CY2023Q3 | us-gaap |
Debtor Reorganization Items Impairment Loss
DebtorReorganizationItemsImpairmentLoss
|
0 | |
us-gaap |
Debtor Reorganization Items Impairment Loss
DebtorReorganizationItemsImpairmentLoss
|
0 | ||
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
192638000 | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
360382000 | |
CY2024Q3 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
236000 | |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
234000 | |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
192874000 | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
360616000 | |
CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
392000 | |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
245000 | |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
79000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
170000 | |
CY2024Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
4567000 | |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
5790000 | |
CY2024Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
708000 | |
CY2023Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
317000 | |
CY2024Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
237000 | |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
52000 | |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
5512000 | |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
6159000 | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | iron |
Common Stock Authorized And Reserved For Future Issuance
CommonStockAuthorizedAndReservedForFutureIssuance
|
2972432 | |
CY2024Q3 | iron |
Stock Reserved During Period Shares Exercise Of Prefunded Warrants
StockReservedDuringPeriodSharesExerciseOfPrefundedWarrants
|
204081 | |
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4332000 | |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1270000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
12481000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3603000 | ||
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
51873000 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2459037 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
13.82 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y9M21D | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
109078000 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
796140 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
59.76 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
198390 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
8.99 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
71691 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
44.79 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
12664 | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
110.57 | ||
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2972432 | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
25.29 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y9M7D | ||
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
80424000 | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1571812 | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
13.53 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y11M4D | ||
CY2024Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
57338000 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
8300000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
4500000 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
7900000 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
2900000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0399 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0387 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y4M20D | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P7Y1M20D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.59 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.59 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
CY2024Q3 | iron |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Fair Value Of Common Stock
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsFairValueOfCommonStock
|
59.76 | |
CY2023Q3 | iron |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Fair Value Of Common Stock
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsFairValueOfCommonStock
|
41.48 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
35.55 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
25.68 | ||
CY2024Q3 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
0 | |
us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
0 | ||
CY2023Q3 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
0 | |
us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
0 | ||
us-gaap |
State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
|
200000 | ||
us-gaap |
State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
|
100000 | ||
CY2023Q3 | iron |
Exercise Of Pre Funded Warrants Shares
ExerciseOfPreFundedWarrantsShares
|
1229224 | |
iron |
Stock Issued During Period Shares Warrants Exercised
StockIssuedDuringPeriodSharesWarrantsExercised
|
1229221 | ||
CY2024Q3 | iron |
Pre Funded Warrants Outstanding
PreFundedWarrantsOutstanding
|
204081 | |
CY2024Q3 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
7566 | |
CY2024Q3 | iron |
Operating Lease Liability Increase
OperatingLeaseLiabilityIncrease
|
100000 | |
CY2024Q3 | iron |
Operating Lease Right Of Use Asset Increase
OperatingLeaseRightOfUseAssetIncrease
|
100000 | |
CY2023Q2 | us-gaap |
Area Of Real Estate Property
AreaOfRealEstateProperty
|
9281 | |
us-gaap |
Lessee Operating Lease Variable Lease Payment Terms And Conditions
LesseeOperatingLeaseVariableLeasePaymentTermsAndConditions
|
Variable lease payments include the Company’s allocated share of costs incurred for real estate taxes, utilities, and other operating expenses applicable to the leased premises. | ||
CY2024Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
500000 | |
CY2024Q3 | iron |
Short Term Bank Loans And Notespayable Percentage
ShortTermBankLoansAndNotespayablePercentage
|
0.045 | |
CY2024Q3 | iron |
Rule10 B51 Arr Modified Flag
Rule10B51ArrModifiedFlag
|
false | |
CY2024Q3 | iron |
Non Rule10 B51 Arr Modified Flag
NonRule10B51ArrModifiedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |