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Segments, Geographical Information, Concentrations and Significant Customers - (Tables)

9 Months Ended

Sep. 30, 2025

Segments, Geographical Information, Concentrations and Significant Customers

Schedule of segment information of revenue, expenses and net loss

The following table sets forth our segment information of revenue, expenses and net loss (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30,

​

Nine Months Ended September 30,

​

​

2025

2024

​

2025

2024

Revenue

​

$

1,947

​

$

2,378

​

$

5,220

​

$

8,516

Less:

​

​

​

​

​

​

​

​

​

​

​

​

Salaries and employee related costs

​

​

7,959

​

​

7,195

​

​

24,821

​

​

20,653

Stock-based compensation

​

​

4,299

​

​

3,427

​

​

12,027

​

​

9,705

Rent and facilities

​

​

1,391

​

​

1,663

​

​

4,225

​

​

5,566

Professional services and legal fees

​

​

1,726

​

​

1,475

​

​

6,978

​

​

4,787

Technology & IT costs

​

​

1,196

​

​

1,295

​

​

3,744

​

​

3,404

Direct and indirect materials

​

​

1,037

​

​

646

​

​

2,300

​

​

1,661

Depreciation and amortization expense

​

​

2,074

​

​

1,821

​

​

5,797

​

​

5,155

Interest expense

​

​

—

​

​

733

​

​

—

​

​

2,809

Other segment items(1)

​

​

183,233

​

​

(1,044)

​

​

143,331

​

​

2,803

Segment and net loss

​

$

(200,968)

​

$

(14,833)

​

$

(198,003)

​

$

(48,027)

(1)Other segment items include interest income, changes in fair value of derivative warrant liabilities and earnout liabilities and other operational expenses which are reflected in the condensed consolidated statements of operations.

Schedule of summary of revenue by geography

The following table presents a summary of revenue by geography (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30,

​

Nine Months Ended September 30,

​

2025

2024

​

2025

2024

United States

​

$

1,260

​

$

1,548

​

$

2,612

​

$

5,688

Europe

​

​

687

​

767

​

​

2,471

​

​

2,241

Asia and others

​

​

—

​

​

63

​

​

137

​

​

587

Total revenue

​

$

1,947

$

2,378

​

$

5,220

​

$

8,516

Revenue

Segments, Geographical Information, Concentrations and Significant Customers

Schedule of concentration of significant customers based on revenue and accounts receivable

​

​	​	​	​	​	​	​	​	​
​	​	Three Months Ended September 30,			​	Nine Months Ended September 30,
​		2025	​	2024		2025		2024
Customer A		*	​	17%	​	*	​	19%
Customer B	​	32%	​	14%	​	23%	​	11%
Customer C		13%	​	*	​	14%	​	*
Customer D		32%	​	32%	​	45%	​	23%
Customer E	​	*	​	*	​	*	​	20%
Customer F		10%	​	15%	​	*	​	*
Customer G	​	*	​	14%	​	*	​	*

* Customer accounted for less than 10% of revenue in the respective periods.

Accounts receivable

Segments, Geographical Information, Concentrations and Significant Customers

Schedule of concentration of significant customers based on revenue and accounts receivable

​

​	​	​	​	​
​		September 30, 2025		December 31, 2024
Customer A		19%	​	15%
Customer B		37%	​	23%
Customer C		*	​	26%
Customer D	​	*	​	31%
Customer E	​	32%	​	*

* Customer accounted for less than 10% of accounts receivable in the respective periods.

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