| Schedule of Segment Information |
The following table presents segment information for the three and six months ended June 30, 2026 and 2025:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
|
(dollars in thousands) |
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2026 |
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2025 |
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|
2026 |
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2025 |
|
Revenues, net |
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$ |
83,772 |
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|
$ |
6,273 |
|
|
$ |
133,894 |
|
|
$ |
10,522 |
|
Cost of goods sold |
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|
47,641 |
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|
|
2,941 |
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|
|
73,105 |
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|
|
5,701 |
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Gross profit (loss) |
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|
36,131 |
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|
|
3,332 |
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|
|
60,789 |
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|
|
4,821 |
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Operating expenses: |
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General and administration |
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128,007 |
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|
6,079 |
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171,323 |
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|
11,988 |
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Sales and marketing |
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20,883 |
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|
2,266 |
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31,377 |
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|
4,696 |
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Research and development |
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30,953 |
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|
4,237 |
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44,472 |
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|
|
7,696 |
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Change in fair value of contingent consideration |
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19,234 |
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- |
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19,234 |
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|
- |
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Total operating expenses |
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|
199,077 |
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|
|
12,582 |
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|
|
266,406 |
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|
|
24,380 |
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Other income (expense), net |
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Interest expense |
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|
(1,041 |
) |
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|
(1,561 |
) |
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|
(1,378 |
) |
|
|
(5,428 |
) |
Other income (expense), net |
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|
45,238 |
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|
|
60 |
|
|
|
449,743 |
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|
|
102 |
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Total other income (expense) |
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|
44,197 |
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(1,501 |
) |
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|
448,365 |
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(5,326 |
) |
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Segment operating profit (loss) |
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|
(118,749 |
) |
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(10,751 |
) |
|
|
242,748 |
|
|
|
(24,885 |
) |
Reconciliation of profit or loss adjustments and reconciling items |
|
|
- |
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- |
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|
- |
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|
- |
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Income (loss) before provision for income taxes |
|
$ |
(118,749 |
) |
|
$ |
(10,751 |
) |
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$ |
242,748 |
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|
$ |
(24,885 |
) |
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