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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues $ 25,225 $ 29,329 $ 52,397 $ 54,260
Operating expenses:        
Cost of revenues 770 1,077 1,749 2,202
Selling and marketing 14,414 17,999 26,956 30,767
Research and development 3,355 3,568 5,537 6,203
General and administrative 3,424 1,711 6,822 3,450
Total operating expenses 21,963 24,355 41,064 42,622
Income from operations 3,262 4,974 11,333 11,638
Other income (expense), net:        
Interest income, net 350 251 678 435
Other (expense) income, net (422) 629 (628) 52
Change in fair value of warrant liability 2,913   7,201  
Loss on disposal of assets, net (68)   (68)  
Income before income taxes 6,035 5,854 18,516 12,125
Provision for income taxes (1,497) (2,084) (4,043) (4,138)
Net income 4,538 3,770 14,473 7,987
Net income attributable to noncontrolling interest 1,010 1,917 3,413 3,890
Net income attributable to common stockholders $ 3,528 $ 1,853 $ 11,060 $ 4,097
Net income per share attributable to common stockholders, basic $ 0.04 $ 0.03 $ 0.13 $ 0.06
Net income per share attributable to common stockholders, diluted $ 0.01 $ 0.02 $ 0.04 $ 0.05
Weighted average shares used in calculating net income per share attributable to common stockholders, basic 85,502,403 63,588,119 84,384,141 63,588,119
Weighted average shares used in calculating net income per share attributable to common stockholders, diluted 104,325,463 78,904,324 102,421,084 78,909,408
Other comprehensive income:        
Net income $ 4,538 $ 3,770 $ 14,473 $ 7,987
Foreign currency translation adjustments (420) (3,634) (561) (2,736)
Comprehensive income 4,118 136 13,912 5,251
Net income attributable to noncontrolling interest 1,010 1,917 3,413 3,890
Foreign currency translation adjustments attributable to noncontrolling interest (146) (1,608) (195) (1,213)
Comprehensive income attributable to noncontrolling interest 864 309 3,218 2,677
Comprehensive income (loss) attributable to common stockholders $ 3,254 $ (173) $ 10,694 $ 2,574