Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue $ 6,149 $ 3,958 $ 1,122
Operating expenses      
Research and development (111,090) (91,568) (97,501)
General and administrative (57,305) (45,795) (43,391)
Total operating expenses (168,395) (137,363) (140,892)
Operating loss (162,246) (133,405) (139,770)
Interest income 1,095 2,313 2,772
Other income (expense), net 3,852 1,162 75
Loss before income tax expense (157,299) (129,930) (136,923)
Income tax expense (791) (162) (242)
Net loss attributable to ordinary shareholders $ (158,090) $ (130,092) $ (137,165)
Net loss per ordinary share      
Basic (in dollars per share) $ (0.17) $ (0.15) $ (0.22)
Diluted (in dollars per share) $ (0.17) $ (0.15) $ (0.22)
Weighted average shares outstanding:      
Basic (in shares) 934,833,017 854,783,763 629,805,218
Diluted (in shares) 934,833,017 854,783,763 629,805,218
Development revenue      
Revenue $ 6,149 $ 3,958 $ 1,122