XML 18 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 184,006 $ 113,996 $ 546,226 $ 338,484
Cost of sales 64,243 30,573 196,583 90,491
Gross profit 119,763 83,423 349,643 247,993
Sales and marketing 94,947 55,461 287,987 169,486
General and administrative 27,136 19,322 110,124 54,496
Research and development 18,559 11,943 61,290 35,913
Acquisition-related amortization and remeasurement (Note 12) 3,570 2,484 11,037 (9,678)
Operating loss (24,449) (5,787) (120,795) (2,224)
Interest expense, net (1,576) (277) (4,131) (1,059)
Other expense, net (2,360) (3,308) (1,704) (7,436)
Loss before income taxes (28,385) (9,372) (126,630) (10,719)
Income tax expense (472) (1,344) (2,591) (1,968)
Net loss $ (28,857) $ (10,716) $ (129,221) $ (12,687)
Net loss per common share:        
Basic $ (0.77) $ (0.53) $ (3.53) $ (0.63)
Diluted $ (0.77) $ (0.53) $ (3.53) $ (0.63)
Weighted average number of common shares:        
Basic 37,249 20,091 36,588 20,007
Diluted 37,249 20,091 36,588 20,007
Other comprehensive loss, before tax        
Unrealized [gain (loss)] on debt securities $ (310) $ (236) $ 8 $ (749)
Currency translation adjustment (1,442) (2,105) (492) (4,413)
Other comprehensive loss, before tax (1,752) (2,341) (484) (5,162)
Other comprehensive loss, net of tax (1,752) (2,341) (484) (5,162)
Comprehensive loss $ (30,609) $ (13,057) $ (129,705) $ (17,849)