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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue $ 15,919 $ 4,440 $ 22,026 $ 7,827
Costs and expenses, exclusive of depreciation shown separately below        
Cost of revenue 2,822 1,189 4,273 2,426
Engineering 3,074 2,327 6,154 4,820
Selling, general and administrative 8,612 5,361 15,157 11,846
Depreciation 1,145 1,848 2,537 4,535
Total costs and expenses 15,653 10,725 28,121 23,627
Operating income (loss) 266 (6,285) (6,095) (15,800)
Other income (expense), net        
Interest income, net 1,003 285 1,960 462
Change in fair value of financial instruments (19,679) (312) (132,690) (22,673)
Other income (expense), net 300 (380) 453 (547)
Total other income (expense), net (18,376) (407) (130,277) (22,758)
Loss before income tax (18,110) (6,692) (136,372) (38,558)
Income tax benefit (expense) (1,939) 40 (1,979) (675)
Net loss available to stockholders (20,049) (6,652) (138,351) (39,233)
Other comprehensive (loss) gain        
Foreign currency translation (loss) gain, net of tax (265) 749 (798) 1,006
Comprehensive loss $ (20,314) $ (5,903) $ (139,149) $ (38,227)
Basic and diluted earnings per share        
Basic net loss per share for the period attributable to holders of Common Stock (in dollars per share) $ (0.13) $ (0.06) $ (0.95) $ (0.39)
Basic weighted-average Common Stock outstanding (in shares) 150,594,308 103,206,882 145,794,960 99,949,214
Diluted net loss per share for the period attributable to holders of Common Stock (in dollars per share) $ (0.13) $ (0.06) $ (0.95) $ (0.39)
Diluted weighted-average Common Stock outstanding (in shares) 150,594,308 103,206,882 145,794,960 99,949,214
Service        
Revenue $ 7,584 $ 4,440 $ 12,955 $ 7,827
Costs and expenses, exclusive of depreciation shown separately below        
Cost of revenue 1,690 1,189 3,090 2,426
Product        
Revenue 8,335 0 9,071 0
Costs and expenses, exclusive of depreciation shown separately below        
Cost of revenue $ 1,132 $ 0 $ 1,183 $ 0