Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 38,932 $ 53,286 $ 79,532 $ 94,602
Cost of sales        
Total cost of sales 71,121 47,197 113,927 89,877
Gross profit (loss) (32,189) 6,089 (34,395) 4,725
Operating expenses        
Research and development 17,143 21,223 36,956 44,367
Sales and marketing 25,802 10,440 36,955 20,047
General and administrative 26,193 22,944 42,410 41,145
Total operating expenses 69,138 54,607 116,321 105,559
Loss from operations (101,327) (48,518) (150,716) (100,834)
Interest expense (1,690) (1,109) (3,181) (1,920)
Interest and other expense, net (78) (78) (1,494) (149)
Loss before income taxes (103,095) (49,705) (155,391) (102,903)
Income tax benefit (expense) (345) (23) (147) 534
Net loss $ (103,440) $ (49,728) $ (155,538) $ (102,369)
Net loss per share-basic $ (3.13) $ (1.55) $ (4.73) $ (3.20)
Net loss per share-diluted $ (3.13) $ (1.55) $ (4.73) $ (3.20)
Weighted average shares outstanding, basic 33,085,262 32,165,582 32,898,836 32,038,281
Weighted average shares outstanding, diluted 33,085,262 32,165,582 32,898,836 32,038,281
Products        
Revenues        
Total revenues $ 31,411 $ 47,398 $ 67,042 $ 84,095
Cost of sales        
Total cost of sales 67,209 43,224 106,228 82,115
Services        
Revenues        
Total revenues 7,521 5,888 12,490 10,507
Cost of sales        
Total cost of sales $ 3,912 $ 3,973 $ 7,699 $ 7,762