The following table presents information about reported segment revenue, significant segment expenses, and segment net loss for the three months ended March 31, 2026 and 2025 (in thousands): | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | 2026 | | 2025 | Revenue | | $ | 6,530 | | | $ | 2,798 | | | Less: | | | | | Cost of revenue (1) | | 3,858 | | | 986 | | Research and development (1) | | 1,724 | | | 852 | | Selling, general and administrative (1) | | 3,297 | | | 2,002 | | Other expense, net | | 4 | | | 8,749 | | Change in fair value of warrant liability | | 173 | | | 705 | | Change in fair value of derivative liability | | — | | | (101) | | Change in fair value of earnout liability | | (50) | | | 50 | | Interest expense, net | | 930 | | | 691 | | Income tax benefit | | — | | | — | | Consolidated net loss | | $ | (3,406) | | | $ | (11,136) | |
(1) Includes total salaries, bonuses, employee benefits and stock-based compensation of $2.9 million and $1.6 million for the three months ended March 31, 2026 and 2025, respectively.
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