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Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Geographic Areas, Long-Lived Assets [Abstract]  
Schedule of Consolidated Operating Results Including Segment Expenses

The table below presents the Company's consolidated operating results including segment expenses (in thousands):

 

 

Year ended December 31,

 

 

2025

 

 

2024

 

 

2023

 

Net revenues

 

$

18,079

 

 

$

9,065

 

 

$

4,312

 

Less:

 

 

 

 

 

 

 

 

 

Stock-based compensation expense (1)

 

 

21,843

 

 

 

23,708

 

 

 

23,675

 

Loss on joint development agreement (2)

 

 

3,785

 

 

 

 

 

 

 

Cost of revenue (excluding 1 and 2)

 

 

14,540

 

 

 

12,576

 

 

 

9,233

 

Research and development expenses (excluding 1)

 

 

72,630

 

 

 

86,010

 

 

 

85,743

 

General and administrative expenses (excluding 1)

 

 

26,859

 

 

 

27,384

 

 

 

26,630

 

Selling and marketing expenses (excluding 1)

 

 

6,019

 

 

 

6,259

 

 

 

6,819

 

Litigation settlement, net

 

 

 

 

 

11,500

 

 

 

 

Operating loss

 

 

(127,597

)

 

 

(158,372

)

 

 

(147,788

)

Financing charges (3)

 

 

 

 

 

 

 

 

(3,788

)

Fair value at issuance of Series A warrants (4)

 

 

 

 

 

 

 

 

(6,500

)

Fair value gain on settlement of share subscription liability

 

 

1,651

 

 

 

 

 

 

 

Change in fair value of warrant liabilities (5)

 

 

(21,453

)

 

 

(1,486

)

 

 

(182

)

Interest income

 

 

2,738

 

 

 

7,712

 

 

 

8,925

 

Other income (expense), net (excluding 3)

 

 

(459

)

 

 

56

 

 

 

 

Income tax provision

 

 

(308

)

 

 

(171

)

 

 

 

Net loss

 

$

(145,428

)

 

$

(152,261

)

 

$

(149,333

)

Schedule of Property and Equipment by Geographic Region

The following table sets forth the Company’s property and equipment, net by geographic region (in thousands):

 

 

Year Ended December 31,

 

 

2025

 

 

2024

 

North America

 

$

8,135

 

 

$

6,645

 

Asia

 

 

4,710

 

 

 

3,687

 

Total

 

$

12,845

 

 

$

10,332