Segments, Geographical Information, Concentrations and Significant Customers - (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Concentration Risk [Line Items] |
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| Schedule of reconciliation of operating profit (loss) from segments |
| | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Revenue | | $ | 1,801 | | $ | 3,086 | | $ | 3,273 | | $ | 6,138 | Less: | | | | | | | | | | | | | Salaries and employee related costs | | | 7,930 | | | 6,721 | | | 16,862 | | | 13,458 | Stock-based compensation | | | 3,554 | | | 3,287 | | | 7,728 | | | 6,278 | Rent and facilities | | | 1,495 | | | 2,020 | | | 2,834 | | | 3,902 | Professional services and legal fees | | | 2,339 | | | 1,625 | | | 5,252 | | | 3,312 | Technology & IT costs | | | 1,225 | | | 1,062 | | | 2,548 | | | 2,109 | Direct and indirect materials | | | 570 | | | 609 | | | 1,263 | | | 1,015 | Depreciation and amortization expense | | | 1,894 | | | 1,547 | | | 3,723 | | | 3,334 | Interest expense | | | — | | | 969 | | | — | | | 2,076 | Other segment items(1) | | | 22,448 | | | (2,333) | | | (39,902) | | | 3,848 | Segment and net income (loss) | | $ | (39,654) | | $ | (12,421) | | $ | 2,965 | | $ | (33,194) |
(1)Other segment items include interest income, changes in fair value of derivative warrant liabilities and earnout liabilities and other operational expenses which are reflected in the condensed consolidated statements of operations.
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| Summary of our segment fixed asset additions |
The following table presents a summary of our segment fixed asset additions (in thousands): | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Quantum computing fridges | | $ | 2,623 | | $ | 2,197 | | $ | 4,334 | | $ | 3,257 | Process equipment | | | 219 | | | — | | | 682 | | | 6 | Leasehold improvements | | | 110 | | | 34 | | | 194 | | | 51 | IT hardware | | | 263 | | | 110 | | | 352 | | | 209 | Construction in progress and other assets | | | 1,400 | | | 246 | | | 2,465 | | | 1,047 | Total property and equipment | | $ | 4,615 | | $ | 2,587 | | $ | 8,027 | | $ | 4,570 |
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| Schedule of summary of revenue by geography |
| | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Quantum computing fridges | | $ | 2,623 | | $ | 2,197 | | $ | 4,334 | | $ | 3,257 | Process equipment | | | 219 | | | — | | | 682 | | | 6 | Leasehold improvements | | | 110 | | | 34 | | | 194 | | | 51 | IT hardware | | | 263 | | | 110 | | | 352 | | | 209 | Construction in progress and other assets | | | 1,400 | | | 246 | | | 2,465 | | | 1,047 | Total property and equipment | | $ | 4,615 | | $ | 2,587 | | $ | 8,027 | | $ | 4,570 |
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| Revenue |
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| Concentration Risk [Line Items] |
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| Schedule of concentration of significant customers based on revenue and accounts receivable |
| | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Customer A | | * | | 22% | | * | | 19% | Customer B | | 20% | | * | | 17% | | 10% | Customer C | | 27% | | * | | 15% | | 20% | Customer D | | 39% | | 11% | | 53% | | 27% | Customer E | | * | | 26% | | * | | * | Customer F | | * | | 17% | | * | | * |
* Customer accounted for less than 10% of revenue in the respective periods.
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| Accounts receivable |
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| Concentration Risk [Line Items] |
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| Schedule of concentration of significant customers based on revenue and accounts receivable |
| | | | | | | June 30, 2025 | | December 31, 2024 | Customer A | | * | | * | Customer B | | 41% | | 15% | Customer C | | 26% | | 23% | Customer D | | * | | 26% | Customer E | | * | | 31% | Customer F | | 28% | | * |
* Customer accounted for less than 10% of accounts receivable in the respective periods.
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