v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue $ 3,368 $ 2,107
Cost of revenue 3,058 3,499
Gross profit (loss) 310 (1,392)
Research and development expenses 21,569 25,012
General and administrative expenses 7,217 8,411
Selling and marketing expenses 1,942 2,529
Total operating expenses 30,728 35,952
Operating loss (30,418) (37,344)
Interest income 1,007 2,457
Other income (expense), net (5,399) (439)
Loss before income taxes (34,810) (35,326)
Income tax provision 57 0
Net loss (34,867) (35,326)
Unrealized loss on available-for-sale securities, net of tax (54) (161)
Total comprehensive loss $ (34,921) $ (35,487)
Net loss per share, Basic $ (0.64) $ (0.67)
Net loss per share, Diluted $ (0.64) $ (0.67)
Weighted-average shares used in computing net loss per share - Basic 54,750,088 52,742,725
Weighted-average shares used in computing net loss per share - diluted 54,750,088 52,742,725