v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (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:        
Total revenue $ 39,007 $ 39,766 $ 76,185 $ 76,919
Cost of Revenue:        
Amortization of acquired intangible assets 183 183 366 4,528
Loss on purchase commitment 0 24 0 4,092
Total cost of revenue 26,369 25,082 50,706 63,606
Gross profit 12,638 14,684 25,479 13,313
Operating Expense:        
Research and development 23,022 22,529 42,630 51,582
Sales, general and administrative 33,393 36,175 64,546 76,343
Impairment charges 0 0 0 15,000
Settlement charges 0 0 15,400 0
Gain on disposal of assets 0 0 (45,796) 0
Amortization of acquired intangible assets 833 833 1,666 362,875
Change in fair value of contingent consideration 0 0 0 (18,700)
Total operating expense 57,248 59,537 78,446 487,100
Operating loss (44,610) (44,853) (52,967) (473,787)
Interest expense (2,110) (1,738) (3,850) (3,475)
Other income, net 2,037 4,696 4,043 8,990
Loss before income taxes (44,683) (41,895) (52,774) (468,272)
Income tax provision (benefit) 58 35 242 (267)
Net loss (44,741) (41,930) (53,016) (468,005)
Other comprehensive loss:        
Unrealized loss on investments (356) (114) (960) (155)
Comprehensive loss $ (45,097) $ (42,044) $ (53,976) $ (468,160)
Net loss per share:        
Basic (in dollars per share) $ (0.14) $ (0.14) $ (0.17) $ (1.57)
Diluted (in dollars per share) $ (0.14) $ (0.14) $ (0.17) $ (1.57)
Weighted average shares outstanding used in calculating net loss per share:        
Basic (in shares) 310,655 300,162 308,250 298,519
Diluted (in shares) 310,655 300,162 308,250 298,519
Product revenue        
Revenue:        
Total revenue $ 32,950 $ 33,083 $ 64,484 $ 64,196
Cost of Revenue:        
Cost of revenue 20,944 20,022 40,916 46,355
Service and other revenue        
Revenue:        
Total revenue 6,057 6,683 11,701 12,723
Cost of Revenue:        
Cost of revenue $ 5,242 $ 4,853 $ 9,424 $ 8,631