v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues $ 32,472 $ 39,783 $ 67,229 $ 72,904
Cost of revenues 24,359 28,720 51,728 54,855
Gross margin 8,113 11,063 15,501 18,049
Operating expenses:        
Selling, general and administrative 21,487 23,364 44,219 40,312
Research and development 4,393 3,565 8,559 4,709
Additions 1,899 457 3,597 1,317
Transaction expenses 0 347 0 1,450
Goodwill impairment 70,636 0 70,636 85,000
Operating loss (90,302) (16,670) (111,510) (114,739)
Interest expense 4,419 6,452 9,535 12,837
Net increase (decrease) in fair value of derivatives 135,751 (8,081) 169,087 15,726
Loss on extinguishment of debt 0 0 2,577 0
Other income, net (1,867) (617) (2,143) (1,072)
Loss before taxes (228,605) (14,424) (290,566) (142,230)
Income tax expense 14 15 39 1
Net loss $ (228,619) $ (14,439) $ (290,605) $ (142,231)
Basic net loss per share (in usd per share) $ (0.71) $ (0.06) $ (0.97) $ (0.66)
Diluted net loss per share (in usd per share) $ (0.71) $ (0.06) $ (0.97) $ (0.66)
Weighted-average shares outstanding:        
Weighted-average shares outstanding, Basic (in shares) 320,591,204 246,303,139 299,666,133 216,754,082
Weighted-average shares outstanding, Diluted (in shares) 320,591,204 246,303,139 299,666,133 216,754,082
Other comprehensive loss        
Foreign currency translation $ (282) $ 0 $ (270) $ 0
Total other comprehensive loss (282) 0 (270) 0
Total comprehensive loss $ (228,901) $ (14,439) $ (290,875) $ (142,231)

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