v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Total revenue $ 49,798 $ 23,002
Operating expenses:    
Direct cost of sales, excluding depreciation and amortization 16,080 4,871
Indirect cost of sales and other expenses, excluding depreciation and amortization 4,340 348
Selling, general and administrative 18,111 7,935
Research and development 9,171 6,906
Depreciation and amortization 7,713 5,000
Total operating expenses 55,415 25,060
Loss from operations (5,617) (2,058)
Other income (expense):    
Interest income 800 906
Interest expense (1,332) (18)
Loss from changes in fair value of financial liabilities (2,923) 0
Other income (expense), net 63 (421)
Total other (expense), income, net (3,392) 467
Loss before benefit for income taxes (9,009) (1,591)
Benefit for income taxes 20 0
Net loss (8,989) (1,591)
Preferred stock dividend (548) (548)
Income allocated to participating securities 0 0
Net loss attributable to common stockholders, basic (9,537) (2,139)
Net loss attributable to common stockholders, diluted $ (9,537) $ (2,139)
Net loss per share, diluted (in dollars per share) $ (1.14) $ (0.30)
Net loss per share, basic (in dollars per share) $ (1.14) $ (0.30)
Weighted-average shares outstanding, basic (shares) 8,359,379 7,232,097
Weighted-average shares outstanding, diluted (shares) 8,359,379 7,232,097
Nonrelated Party    
Total revenue $ 44,941 $ 17,885
Related Party    
Total revenue $ 4,857 $ 5,117