v3.25.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Geographic Areas, Long-Lived Assets [Abstract]  
Schedule of Consolidated Operating Result Including Segment Expenses

The table below presents the Company's consolidated operating results including segment expenses (in thousands):

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

Net revenues

 

$

3,368

 

 

$

2,107

 

Less:

 

 

 

 

 

 

Stock-based compensation expense (1)

 

 

4,564

 

 

 

5,261

 

Cost of revenue (excluding 1)

 

 

3,027

 

 

 

3,397

 

Research and development expenses (excluding 1)

 

 

18,592

 

 

 

21,023

 

General and administrative expenses (excluding 1)

 

 

5,841

 

 

 

7,504

 

Selling and marketing expenses (excluding 1)

 

 

1,762

 

 

 

2,266

 

Loss from Operations

 

 

(30,418

)

 

 

(37,344

)

Change in fair value of warrant liabilities (2)

 

 

(5,400

)

 

 

(437

)

Interest income

 

 

1,007

 

 

 

2,457

 

Other income (expense), net (excluding 2)

 

 

1

 

 

 

(2

)

Income tax provision

 

 

(57

)

 

 

 

Net loss

 

$

(34,867

)

 

$

(35,326

)

 

 

 

 

 

 

 

Schedule of Property and Equipment by Geographic Region

The following table sets forth the Company’s property, plant, and equipment, net by geographic region (in thousands):

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

North America

 

$

8,920

 

 

$

6,645

 

Asia

 

 

3,419

 

 

 

3,687

 

Total

 

$

12,339

 

 

$

10,332