v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Revenue $ 213,513 $ 185,544 $ 405,621 $ 354,724
Cost of sales 59,415 56,443 115,047 109,627
Gross profit 154,098 129,101 290,574 245,097
Operating expenses:        
Research and development 18,174 18,276 35,734 35,308
Sales, general and administrative 134,001 118,507 271,058 245,524
Litigation-related expenses (86) 1,593 439 13,807
Amortization of acquired intangible assets 3,917 3,803 7,832 7,456
Restructuring expenses 0 7 0 378
Total operating expenses 156,006 142,186 315,063 302,473
Operating loss (1,908) (13,085) (24,489) (57,376)
Other expense, net:        
Interest expense, net (10,964) (12,309) (22,685) (20,150)
Loss on debt extinguishment (11,883) 0 (11,883) (17,576)
(Loss) gain on derivative liability 0 (16,780) 0 620
Other (expense) income , net (870) 993 (424) 1,330
Total other expense, net (23,717) (28,096) (34,992) (35,776)
Net loss before taxes (25,625) (41,181) (59,481) (93,152)
Income tax provision (benefit) 156 (37) 206 (101)
Net loss $ (25,781) $ (41,144) $ (59,687) $ (93,051)
Net loss per share, basic $ (0.16) $ (0.27) $ (0.38) $ (0.63)
Net loss per share, diluted $ (0.16) $ (0.27) $ (0.38) $ (0.63)
Weighted average shares outstanding, basic 156,575 149,907 155,328 148,337
Weighted average shares outstanding, diluted 156,575 149,907 155,328 148,337
Products and Services        
Revenue:        
Revenue $ 213,513 $ 185,544 $ 405,621 $ 354,724