v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenues $ 34,757 $ 33,121
Cost of revenues 27,369 26,135
Gross margin 7,388 6,986
Operating expenses:    
Selling, general and administrative 22,732 16,948
Research and development 4,166 1,144
Restructuring charges 1,698 860
Transaction expenses 0 1,103
Goodwill impairment 0 85,000
Operating loss (21,208) (98,069)
Interest expense 5,116 6,385
Net increase in fair value of derivatives 33,336 23,807
Loss on extinguishment of debt 2,577 0
Other income, net (276) (455)
Loss before taxes (61,961) (127,806)
Income tax expense (benefit) 25 (14)
Net loss $ (61,986) $ (127,792)
Basic net loss per share (in usd per share) $ (0.25) $ (0.68)
Diluted net loss per share (in usd per share) $ (0.25) $ (0.68)
Weighted-average shares outstanding:    
Weighted-average shares outstanding, Basic (in shares) 252,341,401 187,279,204
Weighted-average shares outstanding, Diluted (in shares) 252,341,401 187,279,204
Other comprehensive income    
Foreign currency translation $ 12 $ 0
Total other comprehensive income 12 0
Total comprehensive loss $ (61,974) $ (127,792)

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