v3.25.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue    
Total revenue $ 286,087,000 $ 276,610,000
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 126,161,000 128,563,000
Operating expenses    
Depreciation and amortization 56,218,000 58,363,000
Goodwill impairment 65,861,000 78,257,000
Total operating expenses 262,719,000 266,808,000
Operating loss (102,793,000) (118,761,000)
Other expense (income)    
Interest income (1,120,000) (552,000)
Change in fair value of warrant liabilities to affiliates (4,040,000) 6,436,000
Loss on extinguishment of debt 0 2,584,000
Other expense, net 1,864,000 739,000
Loss before income taxes (152,013,000) (171,200,000)
Income tax benefit (5,937,000) (4,158,000)
Net loss $ (146,076,000) $ (167,042,000)
Loss per share:    
Basic (in dollars per share) $ (7.59) $ (9.97)
Diluted (in dollars per share) $ (7.59) $ (9.97)
Weighted average shares outstanding:    
Basic (in shares) 19,246,799 16,761,646
Diluted (in shares) 19,246,799 16,761,646
Comprehensive loss    
Net loss $ (146,076,000) $ (167,042,000)
Other comprehensive loss:    
Foreign currency translation adjustment 2,292,000 320,000
Comprehensive loss (143,784,000) (166,722,000)
Nonrelated Party    
Operating expenses    
Selling, general, and administrative expenses 140,016,000 129,200,000
Other expense (income)    
Interest expense, including amortization of deferred financing costs 31,248,000 40,625,000
Affiliate    
Operating expenses    
Selling, general, and administrative expenses 624,000 988,000
Other expense (income)    
Interest expense, including amortization of deferred financing costs 21,268,000 2,607,000
Services    
Revenue    
Total revenue 234,247,000 212,645,000
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) 93,663,000 82,547,000
Products    
Revenue    
Total revenue 51,840,000 63,965,000
Cost of revenue    
Total cost of revenue (exclusive of depreciation and amortization shown separately below) $ 32,498,000 $ 46,016,000