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v3.22.2.2

Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2022
Cash, Cash Equivalents and Investments | The following table provides a reconciliation of cash and restricted cash in the consolidated balance sheets to the total amount shown in the consolidated statements of cash flows for the six months ended June 30, 2022: (In thousands)
|  | June 30, 2022 |  |  | December 31, 2021 |
Cash |  | $ | 184,020 |  |  | $ | 11,729 |
Restricted cash |  |  | 117 |  |  |  | 317 |
Total cash and restricted cash |  | $ | 184,137 |  |  | $ | 12,046 |
Schedule of Inputs Into the Respective Models | Significant inputs into the respective models at the March 2, 2022 (the initial recognition) and June 30, 2022 are as follows:
Valuation Assumptions |  | Initial Recognition on March 2, 2022 |  |  | June 30, 2022 |
|  | As Restated (1) |  |  | As Restated (1) |
Stock Price |  | $ | 9.43 |  |  | $ | 3.67 |
Simulated trading days |  |  | 1,198.00 |  |  |  | 1,177.00 |
Volatility (annual) (1) |  |  | 30.50 | % |  |  | 79.20 | %
Risk-free rate |  |  | 1.74 | % |  |  | 2.98 | %
Estimated time to expiration (years) |  |  | 5 |  |  |  | 4.67 |
(1) | As restated and discussed in Note 1 — Description of Business — Restatement of Condensed Consolidated Financial Statements and Immaterial Correction of Prior-Period Errors
Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Ordinary Shares | Significant customers that represent 10% or more of revenue are set forth in the following tables:
|  | For the Six Months Ended June 30, |
Customer |  | 2022 |  |  | 2021 |
Customer A |  |  | 33 | % |  |  | * |
Customer B |  |  | 28 | % |  |  | 25 | %
Customer C |  |  | 16 | % |  |  | 30 | %
Customer D |  |  | 10 | % |  |  | * |
Customer E |  |  | * |  |  |  | 36 | %
|  | For the Three Months Ended June 30, |
Customer |  | 2022 |  |  | 2021 |
Customer A |  |  | 32 | % |  |  | 30 | %
Customer B |  |  | 22 | % |  |  | 64 | %
Customer C |  |  | 19 | % |  |  | * |
Customer D |  |  | 19 | % |  |  | * |
* | Customer accounted for less than 10% of revenue in the respective period
Schedule of Customers Accounts Receivable | Significant customers that represent 10% or more of accounts receivable are set forth in the following tables:
Customer |  | June 30, |  |  | December 31, |
| 2022 |  |  | 2021 |
Customer A |  |  | 25 | % |  |  | 35 | %
Customer B |  |  | 24 | % |  |  | 34 | %
Customer C |  |  | 16 | % |  |  | 29 | %
Customer D |  |  | 16 | % |  |  | * |
Customer E |  |  | 11 | % |  |  | * |
* | Customer accounted for less than 10% of accounts receivable in the respective period

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