v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Total revenue $ 37,178 $ 37,153
Cost of Revenue:    
Amortization of acquired intangible assets 183 4,345
Loss on purchase commitment 0 4,068
Total cost of revenue 24,337 38,524
Gross profit (loss) 12,841 (1,371)
Operating Expense:    
Research and development 19,608 29,053
Sales, general and administrative 31,153 40,168
Impairment charges 0 15,000
Settlement charges 15,400 0
Gain on disposal of assets (45,796) 0
Amortization of acquired intangible assets 833 362,042
Change in fair value of contingent consideration 0 (18,700)
Total operating expense 21,198 427,563
Operating loss (8,357) (428,934)
Interest expense (1,740) (1,737)
Other income, net 2,006 4,294
Loss before income taxes (8,091) (426,377)
Income tax provision (benefit) 184 (302)
Net loss (8,275) (426,075)
Other comprehensive loss:    
Unrealized loss on investments (604) (41)
Comprehensive loss $ (8,879) $ (426,116)
Net loss per share:    
Basic (in dollars per share) $ (0.03) $ (1.44)
Diluted (in dollars per share) $ (0.03) $ (1.44)
Weighted average shares outstanding used in calculating net loss per share:    
Basic (in shares) 305,819 296,858
Diluted (in shares) 305,819 296,858
Product revenue    
Revenue:    
Total revenue $ 31,534 $ 31,113
Cost of Revenue:    
Cost of revenue 19,972 26,333
Service and other revenue    
Revenue:    
Total revenue 5,644 6,040
Cost of Revenue:    
Cost of revenue $ 4,182 $ 3,778