7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2016-09-30 2016-06-30 2016-03-31 2015-09-30 2015-06-30 2015-03-31 
      
                                        
      revenue
                                        
      collaboration revenue
    20,750,000 15,288,000 14,108,000                                  
      total revenue
    20,750,000 15,288,000 14,108,000                                  
      operating expenses
                                        
      research and development
    67,908,000 62,785,000 55,973,000 52,267,000 41,705,000 39,727,000 36,268,000 32,533,000 29,328,000 28,182,000 25,192,000 22,668,000 24,973,000 24,258,000 20,913,000 20,956,000 22,367,000 21,074,000 20,324,000 17,524,000 16,601,000 13,697,000 12,575,000 13,980,000 11,480,000 11,099,000 11,267,000 6,808,000 5,158,000 5,220,000 4,305,000 3,959,000 3,567,000 3,642,000 3,345,000 2,604,000 
      general and administrative
    32,839,000 25,169,000 22,835,000 24,071,000 18,179,000 16,677,000 18,184,000 14,229,000 13,145,000 11,821,000 11,374,000 12,488,000 11,621,000 11,075,000 11,869,000 12,082,000 11,310,000 12,573,000 10,572,000 8,808,000 7,593,000 7,476,000 7,625,000 8,300,000 4,251,000 3,736,000 3,366,000 2,313,000 2,217,000 2,075,000 1,717,000 1,838,000 2,365,000 1,779,000 1,492,000 1,037,000 
      total operating expenses
    100,747,000 87,954,000 78,808,000 76,338,000 59,884,000 56,404,000 54,452,000 46,762,000 42,473,000 40,003,000 36,566,000 35,156,000 36,594,000 35,333,000 32,782,000 33,038,000 33,677,000 33,647,000 30,896,000 26,332,000 24,194,000 21,173,000 20,200,000 21,230,000 15,982,000 15,276,000 14,991,000 9,499,000 7,930,000 7,653,000 7,058,000 6,791,000 7,040,000 6,428,000 5,907,000 4,688,000 
      income from operations
    -79,997,000 -72,666,000 -64,700,000                                  
      yoy
                                        
      qoq
    10.09% 12.31%                                   
      operating margin %
                                        
      other income
                                        
      interest and other income
    6,274,000 6,935,000 7,879,000 5,659,000 5,892,000 5,973,000 5,325,000 4,370,000 4,275,000 3,216,000 2,861,000 2,271,000 1,090,000 564,000 329,000 295,000 311,000 290,000                   
      interest expense
    -393,000 -391,000 -382,000 -403,000 -412,000 -406,000 -398,000 -394,000 -404,000 -387,000 -364,000       -306,000 -108,000 -144,000 -146,000 -144,000 -144,000 197,000 -252,000 -267,000 -258,000 -226,000 -209,000 -203,000 -194,000 -189,000    -42,000 
      total other income
    5,881,000 6,544,000 7,497,000 5,256,000 5,480,000 5,567,000 4,927,000 3,976,000 3,871,000 2,829,000 2,497,000 2,042,000 1,090,000 564,000 329,000 295,000 311,000 -16,000 202,000 173,000 425,000 686,000 990,000 2,440,000 975,000 537,000 387,000 166,000 110,000 120,000 132,000 130,000 414,000 338,000 322,000 212,000 
      income before income taxes
    -74,116,000 -66,122,000 -57,203,000                                  
      income tax expense
      226,000                                  
      net income
    -74,116,000 -66,122,000 -57,429,000 -19,217,000 -54,404,000 -50,837,000 -49,525,000 -42,786,000 -38,602,000 -37,174,000 -34,069,000 -33,114,000 -35,504,000 -34,769,000 -32,453,000 -32,743,000 -33,366,000 -33,663,000 -30,694,000 -26,159,000 -23,769,000 -20,487,000 -19,210,000 -18,790,000 -15,007,000 -14,739,000 -14,604,000 -9,333,000 -7,820,000 -7,533,000 -6,926,000 -6,661,000 -6,626,000 -6,090,000 -5,585,000 -4,476 
      yoy
    36.23% 30.07% 15.96% -55.09% 40.94% 36.75% 45.37% 29.21% 8.73% 6.92% 4.98% 1.13% 6.41% 3.29% 5.73% 25.17% 40.38% 64.31% 59.78% 39.22% 58.39% 39.00% 31.54% 101.33% 91.91% 95.66% 110.86% 40.11% 18.02% 23.69% 24.01% 148715.91%     
      qoq
    12.09% 15.14% 198.84% -64.68% 7.02% 2.65% 15.75% 10.84% 3.84% 9.11% 2.88% -6.73% 2.11% 7.14% -0.89% -1.87% -0.88% 9.67% 17.34% 10.06% 16.02% 6.65% 2.24% 25.21% 1.82% 0.92% 56.48% 19.35% 3.81% 8.76% 3.98% 0.53% 8.80% 9.04% 124676.59%  
      net income margin %
                                        
      net income per share
    -0.85 -0.75 -0.66 -0.22 -0.63 -0.59 -0.59 -0.55 -0.5 -0.53 -0.5 -0.49 -0.53 -0.52 -0.49 -0.5 -0.5 -0.51 -0.46 -0.45 -0.42 -0.4 -0.42 -0.21 -0.4 -0.45 -0.46 -0.38 -0.4 -0.39 -0.37 -0.36 -0.36 -0.57 -0.54 -1.41 
      weighted-average number of shares used in computing net income per share, basic and diluted
    87,645 87,586 87,415 86,161 86,950 86,635 83,905 73,229 77,241 69,795 68,403 66,990 66,889 66,672 66,607 66,352 66,353 66,282 66,218 53,077 56,405 51,633 45,411 41,946 37,789 32,971 31,829 24,344 19,789 19,464 18,850 18,548 18,245 10,723 10,420 3,184 
      comprehensive loss
    -73,909 -66,385 -57,219 -19,569 -52,825 -50,484 -49,070 -40,522 -36,915 -36,500 -31,933 -31,730 -37,105 -35,936 -37,312 -34,338 -33,167 -33,974 -30,822 -26,337 -24,102 -20,491 -18,980 -18,254 -15,037 -14,764 -14,623 -9,325 -7,823 -7,534 -6,960 -6,627 -6,528 -6,075 -5,599  
      other comprehensive income
                           -18.5 -30            
      unrealized gain on short-term investments
    207 -263 210                                  
      operating expenses:
                                        
      other income:
                                        
      comprehensive loss:
                                        
      other comprehensive income:
                                        
      unrealized gain on marketable securities
       596.75 1,579 353 455                     -3 -1 -34 34 98 15   
      balance at december 31, 2023
       279,994 74,350 74,350 74,350                              
      issuance of pre-funded warrants to purchase common stock, net of offering costs
       30,681.5    8,164.5                             
      issuance of common stock, net of offering costs
       5,771.75 1,377 1,377 1,377 -59,549 5,661 5,661          -127,186 10,465                
      share-based compensation expense
       2,128    1,709.5    4,878.25    4,295.5    2,266.25     6,938 4,415 2,179 3,099 1,924 894 1,503 919 490 1,663 1,129 644 
      issuance of common stock under equity plans
       638.75 454 454 454  125 125 125 -2,834 322 266                       
      balance at march 31, 2024
       319,214 76,181 76,181 76,181                              
      balance at june 30, 2024
       322,081.5 76,422 76,422                               
      exercise of pre-funded warrants
        1,000                                
      balance at september 30, 2024
       324,713 77,749                                
      unrealized gain on marketable securities and foreign currency
           2,264 1,687 674 2,136 -1,906.75 -1,601   -1,595 199 -311 -128 -178 -333 -4 230              
      common stock
                                        
      shares
                                        
      balance at december 31, 2022
           249,277.75 68,314 68,314 68,314                          
      balance at march 31, 2023
           250,987.25 68,439 68,439 68,439                          
      balance at june 30, 2023
           276,236 74,143 74,143                           
      balance at september 30, 2023
           278,029.5 74,251                            
      balance at december 31, 2021
               235,339.75 66,572 66,572 66,572                      
      other comprehensive loss
                             -25 -19          
      balance at september 30, 2022
               241,181 66,894                        
      other comprehensive loss:
                                        
      unrealized loss on marketable securities and foreign currency
                 -1,167 -4,859                      
      balance at june 30, 2022
                 66,838                       
      issuance of common stock under equity incentive plan
                  64                      
      balance at march 31, 2022
                  66,636                      
      balance at december 31, 2020
                   -847,160 66,194 66,194 66,194                  
      issuance of common stock from exercises of options and employee stock purchase plan
                   908 310 102                   
      balance at september 30, 2021
                   233,542 66,504                    
      balance at june 30, 2021
                     66,296                   
      management fee income, related party
                      8,000 12,000 12,000 12,000 15,000 -310,000 180,000 180,000 195,000 195,000 195,000 195,000 195,000 195,000 300,000 300,000 300,000 300,000 
      interest income
                      302,000 305,000 559,000 818,000 1,119,000 2,553,000 1,047,000 624,000 450,000 197,000 124,000 128,000 131,000 124,000 114,000 38,000 22,000  
      issuance of common stock from exercise of options
                      69                  
      balance at march 31, 2021
                      66,263                  
      balance at december 31, 2019
                       -385,938 45,384                
      issuance of common stock from exercise of options and employee stock purchase plan
                       -7,104 778                
      balance at september 30, 2020
                       145,652 56,627                
      research and development, related party
                           214,250 181,000 377,000 299,000 334,000 494,000 293,000 1,011,000 977,000 1,082,000 993,000 1,056,000 1,024,000 
      general and administrative, related party
                           48,250 70,000 64,000 59,000 44,000 61,000 65,000 25,000 17,000 26,000 14,000 14,000 23,000 
      operating activities
                                        
      adjustments to reconcile net income to net cash from operating activities:
                                        
      non-cash interest expense
                            167 114 57 62 32 16 27 11     
      depreciation expense
                            10 23 16 23 15 13 
      amortization of premium and accretion of discounts on marketable securities
                            -1,299 -703 -275          
      changes in operating assets and liabilities:
                                        
      accounts receivable, related party
                            -16 -14 -41 86 -9 -46 169 144 24 -349 -342 -318 
      prepaid expenses and other current assets
                            -1,282 -1,026 -624 -184 -462 -409 -193 -352 -510 -644 -778  
      other long-term assets
                            -355 -42 -163 -205 -117 -288 -223 51 74 -288 -129  
      accounts payable and accrued expenses
                            1,537 814 440 1,173 -502 -1,088 -26 -882 -1,097 2,561 1,382 90 
      accounts payable and accrued expenses, related party
                            38 221 117 -428 -373 -342 151 117 258  978  
      other long-term liabilities
                            168 112 58 166 109 147 52 22  -999 -998  
      net cash from operating activities
                            -38,444 -25,443 -12,851 -20,967 -14,732 -8,622 -18,611 -13,139 -7,314 -12,320 -7,890 -4,123 
      investing activities
                                        
      purchases of marketable securities
                            -203,461 -106,850 -76,207 -79,254 -19,360 -10,543 -41,207 -23,445 -4,003 -30,129 -26,260  
      maturities of marketable securities
                            119,543 80,993 46,493 59,927 36,327 20,077 43,705 25,800 12,200    
      net cash from investing activities
                            -83,918 -25,857 -29,714 -19,327 16,967 9,534 2,498 2,355 8,197 -30,178 -26,287 -10 
      financing activities
                                        
      proceeds from issuance of common stock
                            132,170 57,650 57,650 53,683 159     47,586 47,841 51,580 
      proceeds from exercise of stock options
                            327 125  222 35       
      repayment of long-term debt
                            -1,000 -250           
      net cash from financing activities
                            131,497 57,525 57,650 53,905 194 7,453 7,453  52,589 52,841 56,580 
      net increase in cash and cash equivalents
                            9,135 6,225 15,085 13,611 2,429 917 -8,660 -3,331 883 10,091 18,664  
      cash and cash equivalents at beginning of period
                            11,433 11,433 11,433 9,725 9,725 9,725 15,443 15,443 15,443 1,124 1,124  
      cash and cash equivalents at end of period
                            20,568 17,658 26,518 23,336 12,154 10,642 6,783 12,112 16,326 11,215 19,788  
      amortization of discount on marketable securities
                               -73 19 119 103 65 104 37  
      proceeds from issuance of long-term debt
                                  7,453 7,453     
      supplemental disclosure of cash flow information:
                                        
      interest paid
                               466 305 148       
      interest expense, related party
                                       -46,000 
      non-cash license fee expense
                                     500 500 500 
      change in value of derivative liability
                                     268 307  
      non-cash interest expense, related party
                                        
      purchases of property and equipment
                                     -49 -27 -10 
      proceeds from issuance of convertible notes payable
                                     5,000 5,000 5,000 
      proceeds from issuance of convertible notes payable, related party
                                        
      proceeds from issuance of restricted stock awards
                                       
      supplemental disclosure of non-cash financing activities:
                                        
      conversion of convertible notes and related accrued interest to common stock
                                     4,327 4,327 4,327 
      conversion of convertible notes and related accrued interest to common stock, related party
                                     3,288 3,288 3,288 
      financing costs included in accounts payable and accrued expenses
                                      253 3,535 
      non-cash accrued interest expense
                                     37 37 37 
      non-cash accrued interest expense, related party
                                     42   
      long-term liabilities
                                        
      accounts payable, related party
                                     923  927 
      proceeds from issuance of notes payable, related party
                                        
      unrealized loss on marketable securities
                                      -14  
      non-cash accrued interest expense, related parties
                                      42 41 
      net income and comprehensive loss
                                       -4,476,000 
      prepaid expenses
                                       -664 
      other liabilities
                                       -907 
      net increase in cash
                                       52,447 
      cash at beginning of period
                                       1,124 
      cash at end of period
                                       53,571 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.