XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenue $ 25,299,000 $ 22,051,000 $ 73,282,000 $ 62,229,000
Cost of revenue 13,546,000 10,836,000 38,509,000 30,073,000
Gross profit 11,753,000 11,215,000 34,773,000 32,156,000
Operating expenses:        
Research and development 9,639,000 8,152,000 30,097,000 24,493,000
Sales and marketing 10,736,000 9,727,000 31,170,000 26,125,000
General and administrative 6,944,000 5,396,000 19,786,000 16,106,000
Total operating expenses 27,319,000 23,275,000 81,053,000 66,724,000
Loss from operations (15,566,000) (12,060,000) (46,280,000) (34,568,000)
Investment income 447,000 210,000 1,576,000 405,000
Interest expense (936,000) (950,000) (2,801,000) (2,811,000)
Loss before provision for income taxes (16,055,000) (12,800,000) (47,505,000) (36,974,000)
Income tax benefit 0 0 0 (69,000)
Net loss $ (16,055,000) $ (12,800,000) $ (47,505,000) $ (36,905,000)
Net loss per share, basic (USD per share) $ (0.44) $ (0.40) $ (1.35) $ (1.18)
Net loss per share, diluted (USD per share) $ (0.44) $ (0.40) $ (1.35) $ (1.18)
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (in shares) [1] 36,665,195 31,994,391 35,255,672 31,245,069
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (in shares) [1] 36,665,195 31,994,391 35,255,672 31,245,069
[1] (1) On July 6, 2023, all shares of the Company’s then outstanding Class B common stock were automatically converted into the same number of shares of Class A common stock, pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation. No additional shares of Class B common stock will be issued following such conversion. See Note 12 for further details.