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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Total revenue $ 174,432 $ 106,340 $ 97,948
Cost of revenue:      
Total cost of revenue 90,170 55,890 60,897
Gross profit 84,262 50,450 37,051
Operating expenses:      
Research and development 62,411 25,948 37,382
Selling, general and administrative 156,608 87,541 102,285
Restructuring and related charges 12,500 7,076 9,732
Transaction and integration expenses 27,979 6,485 3,857
Total operating expenses 259,498 127,050 153,256
Loss from operations (175,236) (76,600) (116,205)
Bargain purchase gain 25,213 0 0
Loss on forward sale of Series B Preferred Stock 0 0 (60,081)
Loss on Bridge Loans 0 0 (13,719)
Interest income 20,199 5,572 2,226
Interest expense (3,316) (4,567) (4,331)
Other (expense) income, net (5,172) 1,391 (818)
Loss before income taxes (138,312) (74,204) (192,928)
Income tax (expense) benefit (573) (452) 2,830
Net loss (138,885) (74,656) (190,098)
Induced conversion of redeemable preferred stock (46,014) 0 0
Net loss attributable to common stockholders $ (184,899) $ (74,656) $ (190,098)
Net loss per share, basic (in dollars per share) $ (0.52) $ (0.94) $ (2.43)
Net loss per share, diluted (in dollars per share) $ (0.52) $ (0.94) $ (2.43)
Shares used in computing net loss per share attributable to common stockholders, basic (in shares) 353,245 79,160 78,305
Shares used in computing net loss per share attributable to common stockholders, diluted (in shares) 353,245 79,160 78,305
Product revenue      
Revenue:      
Total revenue $ 88,568 $ 79,198 $ 72,454
Cost of revenue:      
Total cost of revenue 47,729 44,942 52,555
Service revenue      
Revenue:      
Total revenue 81,133 25,980 23,712
Cost of revenue:      
Total cost of revenue 42,265 10,948 8,342
Collaboration and other revenue      
Revenue:      
Total revenue 4,731 1,162 1,782
Cost of revenue:      
Total cost of revenue $ 176 $ 0 $ 0