XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net revenue $ 60,348 $ 82,948 $ 130,160 $ 154,938
Cost of revenue 43,384 59,663 90,702 106,262
Gross profit 16,964 23,285 39,458 48,676
Operating expenses:        
Research and product development 15,042 12,348 29,893 24,192
Selling, marketing, general and administrative 23,069 20,513 47,850 38,255
Restructuring and other charges 594 356 4,746 792
Impairment of long-lived assets 499 0 499 0
Amortization of intangible assets 1,321 464 2,592 758
Total operating expenses 40,525 33,681 85,580 63,997
Operating loss (23,561) (10,396) (46,122) (15,321)
Interest expense, net (1,042) (164) (1,834) (254)
Other income (expense), net 111 (63) 839 (863)
Loss before income taxes (24,492) (10,623) (47,117) (16,438)
Income tax provision 344 1,941 1,537 3,712
Net loss (24,836) (12,564) (48,654) (20,150)
Foreign currency translation adjustments [1] (1,204) (4,531) (3,093) (4,799)
Actuarial loss (62) 0 (122) 0
Comprehensive loss $ (26,102) $ (17,095) $ (51,869) $ (24,949)
Net loss per share        
Basic (in dollars per share) $ (0.80) $ (0.45) $ (1.56) $ (0.73)
Diluted (in dollars per share) $ (0.80) $ (0.45) $ (1.56) $ (0.73)
Weighted average shares outstanding        
Basic (in shares) 31,222 27,657 31,132 27,593
Diluted (in shares) 31,222 27,657 31,132 27,593
[1] Includes net gain of $0.1 million and $0.2 million on intra-entity foreign currency transactions that are of a long-term investment nature for three and six months ended June 30, 2023. Includes net loss of $0.8 million and $1.2 million on intra-entity foreign currency transactions that are of a long-term investment nature for three and six months ended June 30, 2022.