v3.25.4
Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue        
Total revenue $ 17,426 $ 14,943 $ 52,255 $ 39,916
Cost of revenue        
Total cost of revenue [1] 9,708 8,868 28,862 21,455
Operating expenses        
Research and development 3,759 4,875 13,846 12,016
Sales and marketing 3,995 3,954 11,722 8,705
General and administrative 5,019 12,827 18,646 41,402
Depreciation and amortization 1,271 1,805 4,113 5,515
Total operating expenses 14,044 23,461 48,327 67,638
Loss from operations (6,326) (17,386) (24,934) (49,177)
Other (expense) income, net        
Change in fair value of warrant liability 31 (61) (38) (62)
Interest (expense) income, net (251) 405 (785) 1,372
Other (expense) income, net (36) (14) 76 239
Total other (expense) income, net (256) 330 (747) 1,549
Loss before income taxes (6,582) (17,056) (25,681) (47,628)
Provision for income taxes 0 0 0 2
Net loss (6,582) (17,056) (25,681) (47,630)
Other comprehensive income (loss)        
Unrealized gain (loss) on available-for-sale securities 0 13 (16) (31)
Foreign currency translation adjustment 32 (9) 21 (7)
Comprehensive loss $ (6,550) $ (17,052) $ (25,676) $ (47,668)
Net loss per common share:        
Basic net loss per common share (in dollars per share) $ (0.04) $ (0.11) $ (0.16) $ (0.30)
Diluted net loss per common share (in dollars per share) $ (0.04) $ (0.11) $ (0.16) $ (0.30)
Weighted average shares outstanding:        
Basic (in shares) 160,435,461 156,386,470 160,375,254 156,386,470
Diluted (in shares) 160,435,461 156,386,470 160,375,254 156,386,470
Hardware        
Revenue        
Total revenue $ 5,146 $ 3,611 $ 15,099 $ 13,837
Cost of revenue        
Total cost of revenue [1] 3,927 3,537 11,380 10,914
Software        
Revenue        
Total revenue 5,370 5,077 15,773 15,136
Cost of revenue        
Total cost of revenue [1] 502 519 1,556 1,449
Professional services        
Revenue        
Total revenue 6,910 6,255 21,383 10,943
Cost of revenue        
Total cost of revenue [1] $ 5,279 $ 4,812 $ 15,926 $ 9,092
[1] Exclusive of depreciation and amortization shown in operating expenses.