v3.26.1
Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments Segment
The Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer. The Chief Executive Officer reviews financial information including revenue, expenses and net loss presented on a consolidated basis, accompanied by certain supplemental information about significant expense categories for purposes of allocating resources and evaluating the Company’s financial performance. The Company operates as one reportable and operating segment, which relates to the sale and production of lidar sensors, cameras and AI compute systems and there are no segment managers who are held accountable for operations, operating results and plans for levels or components below the consolidated unit level. The CODM assesses financial performance of the reportable segment and decides how to allocate resources based on the net loss that also is reported as the net loss attributable to the Company on the unaudited condensed consolidated statements of operations and comprehensive loss. The net loss is also used by our CODM to monitor actual results versus budget and prior periods amounts of our reportable segment and decide how to expand business or to return value to stockholders. The measure of the segment assets is reported on the unaudited condensed consolidated balance sheet as total assets.
The following table reflects the significant expenses of our reportable segment (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Total revenue$54,626 $35,049 $103,204 $67,681 
Less(1):
Product manufacturing costs25,973 15,059 47,916 31,212 
Stock based compensation and amortization expense2,521 2,260 4,210 3,853 
Other costs(2)
(553)1,888 3,555 3,291 
Research and development19,341 17,147 35,423 32,132 
Sales and marketing9,186 6,978 17,026 13,401 
General and administrative18,203 18,539 34,331 34,444 
Total other income, net(2,056)(2,594)(4,355)(4,602)
Provision for (benefit from) income tax expense125 (3,616)677 (3,421)
Net loss$(18,114)$(20,612)$(35,579)$(42,629)
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2) Other costs primarily includes inventory excess and obsolescence, scrap, warranty, freight and other cost of revenue items. Amounts for the three and six months ended June 30, 2026, include $5.4 million of import duty refunds. (See Note 2.)