v3.26.1
Segment Information
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Note 14. Segment Information
The Company operates as one operating segment. The Company’s CODM is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated net loss and net cash
used in operations to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the allocation of budget between research and development and selling, general and administrative expenses and determination of cash from financing activities required.
The following table presents selected financial information with respect to the Company’s single operating segment:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2026202520262025
Service revenue$25 $191 $3,240 $513 
Cost of revenue— 1,398 
Gross profit25 189 1,842 511 
Operating expenses:
Research and development expenses4,226 2,193 8,395 4,108 
Selling, general and administrative expenses3,904 3,940 10,244 8,532 
Total operating expenses8,130 6,133 18,639 12,640 
Loss from operations(8,105)(5,944)(16,797)(12,129)
Other income (expense), net:
Realized loss on disposal of assets(12)— (338)— 
Interest income308 422 
Interest expense(116)(91)(702)65 
Gain on debt extinguishment— 13 — 71 
Change in fair value of convertible debt carried at fair value— (835)— (835)
Change in fair value of warrant liability(123)— (123)— 
Other income (expense)(221)405 (211)200 
Total other income (expense), net(164)(506)(952)(493)
Net loss$(8,269)$(6,450)$(17,749)$(12,622)
See the condensed consolidated interim financial statements for other financial information regarding the Company’s operating segment. The Company’s long-lived tangible assets, as well as the Company’s operating ROU assets recognized on the condensed consolidated balance sheets, are located in the United States.