v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Sales $ 240,678,000 $ 221,910,000 $ 475,100,000 $ 413,584,000
Cost of sales 114,823,000 109,116,000 230,838,000 206,118,000
Gross profit 125,855,000 112,794,000 244,262,000 207,466,000
Operating expenses:        
Selling, general and administrative 109,596,000 94,242,000 223,449,000 184,348,000
Litigation settlement expense 19,951,000 0 19,951,000 0
Research and development 48,118,000 49,326,000 98,333,000 95,570,000
Acquired in-process research and development expenses 0 0 75,217,000 0
Total operating expenses 177,665,000 143,568,000 416,950,000 279,918,000
Operating loss (51,810,000) (30,774,000) (172,688,000) (72,452,000)
Other income (expense), net:        
Interest income and other income (expense), net (632,000) 2,824,000 3,561,000 8,138,000
Interest expense (1,905,000) (1,793,000) (3,767,000) (3,690,000)
Loss from equity method investments (3,375,000) 0 (6,917,000) 0
Loss on extinguishment of debt 0 0 0 (1,268,000)
Total other income (expense), net (5,912,000) 1,031,000 (7,123,000) 3,180,000
Loss before income taxes (57,722,000) (29,743,000) (179,811,000) (69,272,000)
Income tax expense (benefit) (5,322,000) 1,071,000 3,145,000 4,257,000
Net loss (52,400,000) (30,814,000) (182,956,000) (73,529,000)
Other comprehensive income (loss):        
Unrealized gain (loss) on short-term investments (98,000) (463,000) 325,000 (1,759,000)
Unrealized loss on cash flow hedges (612,000) 0 (612,000) 0
Foreign currency translation gains (losses) 4,380,000 145,000 5,979,000 (863,000)
Comprehensive loss $ (48,730,000) $ (31,132,000) $ (177,264,000) $ (76,151,000)
Net loss per share - basic (in dollars per share) $ (0.78) $ (0.47) $ (2.74) $ (1.13)
Net loss per share - diluted (in dollars per share) $ (0.78) $ (0.47) $ (2.74) $ (1.13)
Weighted average shares used to compute basic net loss per share (in shares) 67,050 64,994 66,729 65,160
Weighted average shares used to compute diluted net loss per share (in shares) 67,050 64,994 66,729 65,160