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

Segment and Geographic Information (Tables)

v3.25.1
Segment and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment and Geographic Information  
Schedule of segment information

​

Presented in the table below is segment information for the years ended December 31, 2024 and 2023 (in thousands):

​

​

​

​

​

​

​

​

​

Year Ended December 31,

​

​

2024

​

2023

Income and revenues

​

$

28,487

​

$

4,758

Business development and deal related costs

​

​

(2,971)

​

​

(3,391)

​

​

​

​

​

​

​

Other segment items:

​

​

​

​

​

​

Research and development expenses

​

​

(2,875)

​

​

(143)

Depreciation of property and equipment

​

​

(10)

​

​

(3)

Other general and administrative expenses(1)

​

​

(31,497)

​

​

(22,212)

Credit losses on purchased receivables

​

​

(30,904)

​

​

(1,575)

Impairment charges

​

​

—

​

​

(14,253)

Arbitration settlement costs

​

​

—

​

​

(4,132)

Amortization of intangible assets

​

​

(206)

​

​

(897)

Gain on the acquisition of Kinnate

​

​

19,316

​

​

—

Change in fair value of embedded derivative related to RPA

​

​

8,100

​

​

—

Interest expense

​

​

(13,840)

​

​

(569)

Other income (expense), net

​

​

6,921

​

​

1,586

Income tax benefit

​

​

5,658

​

​

—

Segment and consolidated net loss

​

$

(13,821)

​

$

(40,831)

​

(1) Other general and administrative expenses for the years ended December 31, 2024 and 2023 are general and administrative expenses of $34.5 million and $25.6 million, net of business development and deal related costs and depreciation of property and equipment, respectively.
Schedule of income and revenue by geographical region

Income and revenue attributed to the following geographic regions was as follows (in thousands) based on the location of the partners and licensees:

​

​

​

​

​

​

​

​

​

​

Year Ended December 31, 

​

    

2024

    

2023

Switzerland

​

$

14,800

​

$

—

United States

​

​

12,062

​

​

3,658

Asia Pacific

​

 

1,125

​

 

1,100

Europe

​

​

500

​

​

—

Total

​

$

28,487

​

$

4,758