v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue:        
Total revenue $ 40,564 $ 38,441 $ 116,749 $ 115,360
Cost of Revenue:        
Amortization of acquired intangible assets 183 183 549 4,711
Loss on purchase commitment 0 75 0 4,167
Total cost of revenue 27,094 22,540 77,800 86,146
Gross profit 13,470 15,901 38,949 29,214
Operating Expense:        
Research and development 20,223 22,846 62,853 74,428
Sales, general and administrative 29,416 31,099 93,962 107,442
Impairment charges 0 0 0 15,000
Settlement charges 0 0 15,400 0
Gain on disposal of assets 0 0 (45,796) 0
Amortization of acquired intangible assets 833 833 2,499 363,708
Change in fair value of contingent consideration 0 0 0 (18,700)
Total operating expense 50,472 54,778 128,918 541,878
Operating loss (37,002) (38,877) (89,969) (512,664)
Interest expense (2,057) (1,739) (5,907) (5,214)
Other income, net 1,482 2,999 5,525 11,989
Loss before income taxes (37,577) (37,617) (90,351) (505,889)
Income tax provision 269 383 511 116
Net loss (37,846) (38,000) (90,862) (506,005)
Other comprehensive income (loss):        
Unrealized gain (loss) on investments (316) 148 (1,276) (7)
Comprehensive loss $ (38,162) $ (37,852) $ (92,138) $ (506,012)
Net loss per share:        
Basic (in dollars per share) $ (0.12) $ (0.13) $ (0.29) $ (1.69)
Diluted (in dollars per share) $ (0.12) $ (0.13) $ (0.29) $ (1.69)
Weighted average shares outstanding used in calculating net loss per share:        
Basic (in shares) 311,247 300,844 309,260 299,303
Diluted (in shares) 311,247 300,844 309,260 299,303
Product revenue        
Revenue:        
Total revenue $ 34,002 $ 32,597 $ 98,486 $ 96,793
Cost of Revenue:        
Cost of revenue 21,795 19,204 62,711 65,559
Service and other revenue        
Revenue:        
Total revenue 6,562 5,844 18,263 18,567
Cost of Revenue:        
Cost of revenue $ 5,116 $ 3,078 $ 14,540 $ 11,709