v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - 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]        
Revenue $ 5,551 $ 61 $ 9,242 $ 100
Cost of revenue 6,717 35 11,129 61
Gross (loss) profit (1,166) 26 (1,887) 39
Operating expenses        
Research and development 8,428 5,975 15,397 8,960
Sales and marketing 1,932 680 3,529 1,352
General and administrative 11,487 3,542 22,750 8,184
Total operating expenses 21,847 10,197 41,676 18,496
Loss from operations (23,013) (10,171) (43,563) (18,457)
Non-operating income (expense)        
Interest and other income 12,954 1,843 26,449 3,539
Interest expense (12) (58) (183) (116)
Change in fair value of derivative and warrant liabilities 1,682 28,096 (1,494) 4,466
Loss before income tax provision (11,753) (36,482) (15,803) (19,500)
Income tax provision 0 0 0 0
Net loss attributable to common stockholders (11,753) (36,482) (15,803) (19,500)
Other comprehensive loss: (945) 0 (4,767) 0
Total comprehensive loss $ (12,698) $ (36,482) $ (20,570) $ (19,500)
Loss per share:        
Basic (in dollars per share) $ (0.05) $ (0.26) $ (0.07) $ (0.14)
Diluted (in dollars per share) $ (0.05) $ (0.26) $ (0.07) $ (0.14)
Weighted average shares used in computing net loss per common share:        
Basic (in shares) 224,727 141,401 224,355 138,326
Diluted (in shares) 224,727 141,401 224,355 138,326