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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total revenue $ 39,766 $ 36,013 $ 76,919 $ 74,823
Cost of Revenue:        
Amortization of acquired intangible assets 183 2,628 4,528 3,971
Loss on purchase commitment 24 998 4,092 998
Total cost of revenue 25,082 30,075 63,606 57,603
Gross profit 14,684 5,938 13,313 17,220
Operating Expense:        
Research and development 22,529 38,485 51,582 81,940
Sales, general and administrative 36,175 45,877 76,343 89,630
Impairment charges 0 93,200 15,000 93,200
Amortization of acquired intangible assets 833 4,222 362,875 9,728
Change in fair value of contingent consideration 0 0 (18,700) (70)
Total operating expense 59,537 181,784 487,100 274,428
Operating loss (44,853) (175,846) (473,787) (257,208)
Interest expense (1,738) (3,542) (3,475) (7,117)
Other income, net 4,696 6,069 8,990 12,828
Loss before income taxes (41,895) (173,319) (468,272) (251,497)
Income tax provision (benefit) 35 0 (267) 0
Consolidated net loss (41,930) (173,319) (468,005) (251,497)
Other comprehensive income:        
Unrealized loss on investments (114) (217) (155) (742)
Comprehensive loss $ (42,044) $ (173,536) $ (468,160) $ (252,239)
Net loss per share:        
Basic (in dollars per share) $ (0.14) $ (0.64) $ (1.57) $ (0.93)
Diluted (in dollars per share) $ (0.14) $ (0.64) $ (1.57) $ (0.93)
Weighted average shares outstanding used in calculating net loss per share:        
Basic (in shares) 300,162 272,385 298,519 270,982
Diluted (in shares) 300,162 272,385 298,519 270,982
Product revenue        
Revenue:        
Total revenue $ 33,083 $ 31,746 $ 64,196 $ 66,755
Cost of Revenue:        
Cost of revenue 20,022 23,083 46,355 45,530
Service and other revenue        
Revenue:        
Total revenue 6,683 4,267 12,723 8,068
Cost of Revenue:        
Cost of revenue $ 4,853 $ 3,366 $ 8,631 $ 7,104