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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 36,013,000 $ 47,573,000 $ 74,823,000 $ 86,473,000
Cost of Revenue:        
Amortization of acquired intangible assets 2,628,000 183,000 3,971,000 366,000
Loss on purchase commitment 998,000 0 998,000 0
Total cost of revenue 30,075,000 32,027,000 57,603,000 61,166,000
Gross profit 5,938,000 15,546,000 17,220,000 25,307,000
Operating Expense:        
Research and development 38,485,000 46,173,000 81,940,000 95,112,000
Sales, general and administrative 45,877,000 40,573,000 89,630,000 80,391,000
Goodwill impairment 93,200,000 0 93,200,000 0
Amortization of acquired intangible assets 4,222,000 0 9,728,000 0
Change in fair value of contingent consideration 0 1,975,000 (70,000) 14,231,000
Total operating expense 181,784,000 88,721,000 274,428,000 189,734,000
Operating loss (175,846,000) (73,175,000) (257,208,000) (164,427,000)
Loss on extinguishment of debt 0 (2,033,000) 0 (2,033,000)
Interest expense (3,542,000) (3,554,000) (7,117,000) (7,184,000)
Other income, net 6,069,000 8,929,000 12,828,000 15,796,000
Loss before benefit from income taxes (173,319,000) (69,833,000) (251,497,000) (157,848,000)
Benefit from income taxes 0 0 0 0
Net loss (173,319,000) (69,833,000) (251,497,000) (157,848,000)
Other comprehensive (loss) income:        
Unrealized (loss) gain on investments (217,000) (762,000) (742,000) 2,079,000
Comprehensive loss $ (173,536,000) $ (70,595,000) $ (252,239,000) $ (155,769,000)
Net loss per share:        
Basic (in dollars per share) $ (0.64) $ (0.28) $ (0.93) $ (0.64)
Diluted (in dollars per share) $ (0.64) $ (0.28) $ (0.93) $ (0.64)
Weighted average shares outstanding used in calculating net loss per share:        
Basic (in shares) 272,385 250,070 270,982 246,074
Diluted (in shares) 272,385 250,070 270,982 246,074
Product revenue        
Revenue:        
Total revenue $ 31,746,000 $ 43,655,000 $ 66,755,000 $ 78,309,000
Cost of Revenue:        
Cost of revenue 23,083,000 28,432,000 45,530,000 53,596,000
Service and other revenue        
Revenue:        
Total revenue 4,267,000 3,918,000 8,068,000 8,164,000
Cost of Revenue:        
Cost of revenue $ 3,366,000 $ 3,412,000 $ 7,104,000 $ 7,204,000