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
Income Statement [Abstract]        
Revenues $ 20,189 $ 3,219 $ 35,660 $ 4,848
Cost of goods sold 16,929 2,844 30,435 5,324
Gross profit (loss) 3,260 375 5,225 (476)
Operating Expenses        
Research and development 14,219 3,598 22,191 7,031
Sales and marketing 6,439 3,188 11,016 6,502
General and administrative 21,247 6,236 37,964 11,116
Total operating expenses 41,905 13,022 71,171 24,649
Operating loss (38,645) (12,647) (65,946) (25,125)
Other (income) expense        
Convertible notes payable fair value adjustment 0 (3,836) 867 6,864
Loss (gain) on extinguishment of convertible notes payable 0 4,623 (326) 4,623
Interest income, net (1,925) (155) (3,219) (210)
Other, net (1,484) 0 (1,484) 0
Total other (income) expense (3,409) 632 (4,162) 11,277
Loss before provision for income taxes (35,236) (13,279) (61,784) (36,402)
Provision for income taxes 23 0 28 0
Net loss $ (35,259) $ (13,279) $ (61,812) $ (36,402)
Loss per share - basic (in USD per share) $ (0.26) $ (0.15) $ (0.48) $ (0.41)
Loss per share - diluted (in USD per share) $ (0.26) $ (0.15) $ (0.48) $ (0.41)
Weighted average shares outstanding - basic (in shares) 136,888 91,295 128,924 88,400
Weighted average shares outstanding - diluted (in shares) 136,888 91,295 128,924 88,400