Business Combinations (Tables)

6 Months Ended

Jun. 30, 2024

Business Combination and Asset Acquisition [Abstract]

Summary of Provisional Estimated Fair Values of Assets Acquired and Liabilities Assumed

The table below sets forth the consideration paid, the provisional fair value of the assets acquired and liabilities assumed, and the estimated bargain purchase gain for the acquisition (in thousands):

Consideration Paid
Cash	$	8,146
Contingent consideration	81
Total Consideration	$	8,227
Assets acquired and liabilities assumed
Cash and cash equivalents	$	820
Accounts receivable	2,499
Inventories	47,109
Prepaid expenses and other current assets	463
Property, plant and equipment, net	726
Intangible assets:
Trade name	480
Developed technology	2,960
In-process research and development	710
Customer relationships	1,070
Bargain purchase gain	(41,544)
Right-of-use assets from operating leases	961
Total assets	$	16,254
Accrued liabilities	2,190
Due to seller	3,319
Deferred revenue	26
Lease liability	952
Other non-current liabilities	1,540
Total liabilities	$	8,027
Total net assets	$	8,227

Business Acquisition, Pro Forma Information

The provisional pro forma information is not necessarily indicative of the historical results of operations had the acquisition occurred on January 1, 2024 nor is it indicative of the results of operations in future periods.

	Combined Pro Forma Results (Unaudited)		Combined Pro Forma Results (Unaudited)
(in thousands)	Year to date June 30, 2024		Year ended December 31, 2023
Revenue	$	76,363	$	213,434
Net income (loss)	$	3,075	$	(118,770)