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Business Combination (Tables)
12 Months Ended
Dec. 31, 2022
Business Combinations [Abstract]  
Schedule of Estimate of Fair Value of Purchase Consideration of Assets Acquired and Liabilities Assumed The Company has completed its estimate of the fair value of the purchase consideration, the assets acquired, and the liabilities assumed. Accordingly, the Company has allocated the purchase consideration as follows:

 

(in thousands)

 

As of May 13, 2021

 

Cash paid for purchase of EOS Shares at Change in Control Date

 

$

46,908

 

Cash paid for purchase of OCEANEs at Change in Control Date

 

 

19,620

 

Total cash paid at Change in Control Date

 

 

66,528

 

Fair value of investment in EOS Shares held prior to Change in
   Control Date

 

 

23,549

 

Fair value of investment in OCEANEs held prior to Change in
   Control Date

 

 

1,477

 

Total fair value of investment in EOS held prior to Change in
   Control Date

 

 

25,026

 

Fair value of noncontrolling interest acquired after Change in
   Control Date

 

 

8,454

 

 

 

$

100,008

 

Cash and cash equivalents

 

$

16,778

 

Accounts receivable

 

 

9,083

 

Inventory

 

 

26,681

 

Other current assets

 

 

4,422

 

Property, plant and equipment, net

 

 

1,650

 

Deferred tax assets

 

 

536

 

Right-of-use assets

 

 

4,341

 

Goodwill

 

 

29,469

 

Definite-lived intangible assets:

 

 

 

Developed technology

 

 

56,000

 

Customer relationships

 

 

9,500

 

Trade names

 

 

6,000

 

Other noncurrent assets

 

 

395

 

Contract liabilities

 

 

21,196

 

Long-term debt

 

 

15,297

 

Other liabilities assumed

 

 

28,354

 

Total identifiable net assets

 

$

100,008

 

Schedule of Unaudited Pro Forma Results The unaudited pro forma results include IFRS to U.S. GAAP adjustments for EOS historical results and adjustments for accounting policy alignment, which were materially similar to the Company. Any differences in accounting policies were adjusted to reflect the accounting policies of the Company in the unaudited pro forma results presented.

 

 

 

Year Ended December 31,

(in thousands, except per share amounts)

 

2022

 

 

2021

 

 

Total revenue

 

$

350,867

 

 

$

251,906

 

 

Net loss

 

 

(152,149

)

 

 

(140,441

)

 

Net loss per share, basic and diluted

 

$

(1.47

)

 

$

(1.46

)