XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Revenue $ 145,573 $ 116,920 $ 284,050 $ 226,030
Cost of sales 42,979 52,379 84,105 91,064
Gross profit 102,594 64,541 199,945 134,966
Operating expenses:        
Research and development 19,105 14,571 37,117 27,831
Sales, general and administrative 112,731 87,287 226,458 178,549
Litigation-related expenses 2,090 6,908 6,518 10,100
Amortization of acquired intangible assets 3,836 3,705 7,690 6,588
Transaction-related expenses   1,900 (117) 1,900
Restructuring expenses 139 29 927 204
Total operating expenses 137,901 114,400 278,593 225,172
Operating loss (35,307) (49,859) (78,648) (90,206)
Interest expense and other expense, net:        
Interest expense, net (5,815) (3,892) (11,156) (7,766)
Other income, net 156 2,324 274 3,030
Total other expense, net (5,659) (1,568) (10,882) (4,736)
Net loss before taxes (40,966) (51,427) (89,530) (94,942)
Income tax benefit (286) (50) (355) (36)
Net loss $ (40,680) $ (51,377) $ (89,175) $ (94,906)
Net loss per share, basic $ (0.29) $ (0.43) $ (0.63) $ (0.83)
Net loss per share, diluted $ (0.29) $ (0.43) $ (0.63) $ (0.83)
Weighted average shares outstanding, basic 142,687 118,719 141,845 114,260
Weighted average shares outstanding, diluted 142,687 118,719 141,845 114,260
Products and Services        
Revenue:        
Revenue $ 145,573 $ 116,920 $ 284,050 $ 226,030