| Schedule of reconciliation to the consolidated net income |
The table below presents the financial information used by the CODM to assess performance, which reconciles to the consolidated net income:
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Three months ended June 30, |
|
|
Six Months Ended June 30, |
|
(In thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Total revenue |
|
$ |
119,591 |
|
|
$ |
100,283 |
|
|
$ |
217,585 |
|
|
$ |
188,915 |
|
Less: |
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|
|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
|
22,349 |
|
|
|
10,590 |
|
|
|
37,956 |
|
|
|
19,432 |
|
Amortization of acquired intangible assets |
|
|
6,626 |
|
|
|
6,547 |
|
|
|
13,180 |
|
|
|
13,022 |
|
Selling and marketing |
|
|
10,335 |
|
|
|
8,147 |
|
|
|
19,837 |
|
|
|
16,218 |
|
General and administrative |
|
|
24,236 |
|
|
|
18,265 |
|
|
|
47,172 |
|
|
|
37,685 |
|
Research and development - External services and expenses |
|
|
2,463 |
|
|
|
6,782 |
|
|
|
5,069 |
|
|
|
9,833 |
|
Research and development - Internal expenses |
|
|
2,727 |
|
|
|
1,201 |
|
|
|
5,362 |
|
|
|
2,546 |
|
Changes in fair values of equity method investments, net |
|
|
131,834 |
|
|
|
(13,082 |
) |
|
|
(25,816 |
) |
|
|
467 |
|
Changes in fair values of equity and long-term investments, net |
|
|
29,153 |
|
|
|
(11,280 |
) |
|
|
(4,422 |
) |
|
|
54,019 |
|
Interest and dividend income |
|
|
(7,599 |
) |
|
|
(4,925 |
) |
|
|
(18,586 |
) |
|
|
(9,463 |
) |
Interest expense |
|
|
5,472 |
|
|
|
4,663 |
|
|
|
10,909 |
|
|
|
9,374 |
|
Other expense, net |
|
|
15 |
|
|
|
777 |
|
|
|
381 |
|
|
|
1,773 |
|
Income tax expense (benefit), net |
|
|
(24,600 |
) |
|
|
8,910 |
|
|
|
23,368 |
|
|
|
16,905 |
|
Consolidated net income (loss) |
|
$ |
(83,420 |
) |
|
$ |
63,688 |
|
|
$ |
103,175 |
|
|
$ |
17,104 |
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|