Quarterly report [Sections 13 or 15(d)]

Segment reporting (Tables)

v3.25.1
Segment reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment reporting  
Summary of the segment profit or loss

The table below is a summary of the segment profit or loss, including significant segment expenses (in thousands):

​

​

​

​

​

​

​

​

​

Three months ended

​

​

March 31, 

​

​

2025

    

2024

​

Revenue

$

7,285

​

$

5,678

​

Less:

​

​

​

​

​

​

Cost of goods sold

​

(879)

​

​

—

​

Research

​

(2,108)

​

​

(3,800)

​

CMC and Quality

​

(12,085)

​

​

(14,200)

​

Biomarkers

​

(1,222)

​

​

(2,500)

​

Development and Compliance

​

(10,550)

​

​

(12,600)

​

Infrastructure management and Facilities

​

(7,339)

​

​

(7,700)

​

Commercial and Commercial planning

​

(4,398)

​

​

(2,600)

​

Support and corporate functions

​

(12,639)

​

​

(9,000)

​

Other segment expenses(a)

​

(1,798)

​

​

(2,539)

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Total operating expenses

​

(53,018)

​

​

(54,939)

​

Operating loss

​

(45,733)

​

​

(49,261)

​

​

​

​

​

​

​

​

Interest income

​

910

​

​

1,345

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Interest expense

​

(1,881)

​

​

—

​

Other income (expense), net

​

(305)

​

​

(61)

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Income tax expense

​

(575)

​

​

(526)

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Segment and consolidated net loss

$

(47,584)

​

$

(48,503)

​

​

(a)Other segment expenses includes reimbursements receivable for research and development tax and expenditure credits of $1,238,000 (2024: $3,499,000), depreciation of $2,291,000 (2024: $2,771,000), amortization of $175,000 (2024: $59,000) and share-based compensation expenses (see Note 11), respectively.