| Summary of identifiable intangible assets |
A summary of the Company’s identifiable intangible assets as of June 30, 2025 and December 31, 2024 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Intangibles, net |
|
Patent rights |
$ |
32,630 |
|
|
$ |
18,858 |
|
|
$ |
13,772 |
|
Acquired technology |
|
22,940 |
|
|
|
9,881 |
|
|
|
13,059 |
|
Acquired licenses |
|
5,711 |
|
|
|
1,099 |
|
|
|
4,612 |
|
Assembled workforce |
|
500 |
|
|
|
500 |
|
|
|
— |
|
Total intangible assets |
$ |
61,781 |
|
|
$ |
30,338 |
|
|
$ |
31,443 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Intangibles, net |
|
Patent rights |
$ |
32,630 |
|
|
$ |
17,770 |
|
|
$ |
14,860 |
|
Acquired technology |
|
21,940 |
|
|
|
9,143 |
|
|
|
12,797 |
|
Acquired licenses |
|
5,711 |
|
|
|
915 |
|
|
|
4,796 |
|
Assembled workforce |
|
500 |
|
|
|
500 |
|
|
|
— |
|
Total intangible assets |
$ |
60,781 |
|
|
$ |
28,328 |
|
|
$ |
32,453 |
|
|
| Estimated future amortization expense related to intangible assets |
Estimated future amortization expense related to intangible assets as of June 30, 2025 is as follows (in thousands):
|
|
|
|
|
Amount |
|
2025 (Remainder of 2025) |
$ |
2,041 |
|
2026 |
|
4,083 |
|
2027 |
|
4,083 |
|
2028 |
|
4,083 |
|
2029 |
|
4,083 |
|
Thereafter |
|
13,070 |
|
Total |
$ |
31,443 |
|
|