v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues $ 29,105 $ 29,734 $ 53,535 $ 60,305
Operating expenses:        
Cost of revenues 2,209 1,151 3,436 2,045
Selling and marketing 13,754 15,195 27,890 26,035
Research and development   8,351   16,442
General and administrative 7,867 7,277 18,043 15,481
Transaction costs 502   6,886  
Total operating expenses 43,468 31,974 86,872 60,003
(Loss) income from operations (14,363) (2,240) (33,337) 302
Other (loss) income, net:        
Interest income 740 941 1,483 1,797
Other expense, net (943) (488) (830) (301)
Change in fair value of warrant liability 132 212 220 2,467
(Loss) Income before income taxes (14,434) (1,575) (32,464) 4,265
Benefit (provision) for income taxes 164 (662) (385) (1,563)
Net (loss) income (14,270) (2,237) (32,849) 2,702
Accretion of Cullgen redeemable convertible preferred stock (1,058) (2,642) (3,905) (5,220)
Net loss attributable to noncontrolling interest (3,665) (2,835) (11,945) (2,644)
Net (loss) income attributable to common stockholders $ (11,663) $ (2,044) $ (24,809) $ 126
Net (loss) income per share attributable to common stockholders, basic $ (0.12) $ (0.02) $ (0.26) $ 0
Net (loss) income per share attributable to common stockholders, diluted $ (0.12) $ (0.03) $ (0.26) $ (0.03)
Weighted average shares used in calculating net (loss) income per share attributable to common stockholders, basic 100,637,599 89,119,344 96,003,117 87,295,099
Weighted average shares used in calculating net (loss) income per share attributable to common stockholders, diluted 100,637,599 89,203,138 96,003,117 87,430,167
Other comprehensive (loss) income:        
Net (loss) income from consolidated operations $ (14,270) $ (2,237) $ (32,849) $ 2,702
Reclassification adjustment for gains (loss) included in net (loss) income 0 12 (8) 8
Unrealized loss on short-term investments (286) (22) (337) (4)
Foreign currency translation adjustments 1,959 348 4,138 547
Less: Allocation of undistributed loss to noncontrolling interest (3,665) (2,835) (11,945) (2,644)
Reclassification adjustment for gains (loss) included in net loss attributable to noncontrolling interest 0 7 (5) 5
Unrealized loss on short-term investments attributable to noncontrolling interest (268) (13) (299) (2)
Foreign currency translation adjustments attributable to noncontrolling interest 593 133 1,321 210
Comprehensive loss attributable to noncontrolling interest (3,340) (2,708) (10,928) (2,431)
Comprehensive (loss) income attributable to common stockholders (10,315) (1,833) (22,033) 464
Related Party        
Operating expenses:        
Research and development 4,836   4,836  
Non-Related Party        
Operating expenses:        
Research and development $ 14,300 $ 8,351 $ 25,781 $ 16,442