v3.26.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net revenues        
Total revenues $ 5,432 $ 5,736 $ 9,278 $ 17,162
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 2,347 5,242 3,799 8,796
Research and development 2,028 3,352 5,022 7,080
Selling, general and administrative 4,940 12,634 14,105 26,896
Amortization of acquired intangible assets 354 372 722 740
Total operating expenses 9,669 21,600 23,648 43,512
Loss from operations (4,237) (15,864) (14,370) (26,350)
Other income (expense):        
Interest income 11 62 73 138
Interest expense (177) (1,943) (529) (4,380)
Change in fair value of warrant liabilities 1,065 (1,276) 978 (1,034)
Gain on SLS Settlement 6,730 6,730
Loss on Helena Settlement (2,500) (2,500)
Change in fair value of debt (175) (1,075) (341) (1,087)
Loss on debt extinguishment (5,736)
Sale of New Jersey state tax loss benefits 12,159
Other expense, net (11) (4,428) (620) (5,829)
Total other income (expense) 4,943 (8,660) 15,950 (17,928)
Income (loss) before income taxes 706 (24,524) 1,580 (44,278)
Income tax expense (benefit)
Net income (loss) 706 (24,524) 1,580 (44,278)
Deemed dividend relating to inducement of Dragasac warrants (64)
Earnings allocated to participating warrants (160) (359)
Net income (loss) attributable to common shareholders $ 546 $ (24,524) $ 1,221 $ (44,342)
Per share information:        
Net income (loss) per share - basic $ 0.02 $ (1.02) $ 0.04 $ (1.86)
Weighted average shares outstanding - basic 29,204,376 24,020,193 29,136,603 23,775,535
Net income (loss) per share - diluted $ 0.02 $ (1.02) $ 0.04 $ (1.86)
Weighted average shares outstanding - diluted 29,344,664 24,020,193 29,348,929 23,775,535
Net income (loss) $ 706 $ (24,524) $ 1,580 $ (44,278)
Other comprehensive income (loss)        
Change in fair value of debt due to change in credit risk, net of tax (3) 2
Comprehensive income (loss) 706 (24,527) 1,580 (44,276)
Product [Member]        
Net revenues        
Total revenues 4,061 2,379 4,927 11,397
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 2,071 2,550 2,243 5,056
Service [Member]        
Net revenues        
Total revenues 652 1,275 1,902 2,683
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 227 220 449 429
License Royalty and Other [Member]        
Net revenues        
Total revenues 719 2,082 2,449 3,082
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues $ 49 $ 2,472 $ 1,107 $ 3,311