v3.26.1
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:        
Total revenue $ 3,102 $ 4,051 $ 5,895 $ 8,256
Cost of revenue:        
Total cost of revenue 1,596 1,940 3,407 4,084
Gross profit 1,506 2,111 2,488 4,172
Operating expenses:        
Research and development 8,209 11,985 17,015 23,335
Selling, general and administrative 10,138 10,656 19,570 22,098
Total operating expenses 18,347 22,641 36,585 45,433
Loss from operations (16,841) (20,530) (34,097) (41,261)
Other income (expense):        
Interest income 2,052 2,992 4,277 6,209
Loss on equity method investment (2,088) (1,841) (3,816) (3,416)
Other income (expense) (13) 3 (81) (755)
Total other income (expense) (49) 1,154 380 2,038
Loss before provision for income taxes (16,890) (19,376) (33,717) (39,223)
Provision for income taxes 9 48 19 149
Net loss (16,899) (19,424) (33,736) (39,372)
Other comprehensive loss:        
Unrealized gain (loss) on available-for-sale securities (272) 2 (795) 171
Comprehensive loss (17,171) (19,422) (34,531) (39,201)
Nonrelated Party | Product        
Revenue:        
Total revenue 2,323 2,726 4,433 5,616
Cost of revenue:        
Total cost of revenue 1,011 1,167 2,406 2,541
Nonrelated Party | Service        
Revenue:        
Total revenue 679 797 1,219 2,000
Cost of revenue:        
Total cost of revenue 347 395 517 926
Nonrelated Party | Other        
Revenue:        
Total revenue 100 119 187 179
Cost of revenue:        
Total cost of revenue 238 309 478 478
Related Party | Product        
Revenue:        
Total revenue 0 409 56 461
Cost of revenue:        
Total cost of revenue 0 69 6 139
Class A and Class B Common Stockholder        
Other income (expense):        
Net loss $ (16,899) $ (19,424) $ (33,736) $ (39,372)
Other comprehensive loss:        
Net loss per share attributable to common shareholders, basic (in usd per share) $ (0.31) $ (0.33) $ (0.61) $ (0.67)
Net loss per share attributable to common shareholders, diluted (in usd per share) $ (0.31) $ (0.33) $ (0.61) $ (0.67)
Weighted-average common shares outstanding, basic 55,164,080 58,087,565 55,577,709 58,744,490
Weighted-average common shares outstanding, diluted 55,164,080 58,087,565 55,577,709 58,744,490