Segment, Geographic and Customer Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The table below provides information about the Company’s revenue, significant segment expenses and other segment expenses.

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(in thousands)				(in thousands)
Revenue	$	69,494	$	43,866	$	129,808	$	76,888
Less:
Product costs	20,074		13,567		38,339		23,384
Depreciation	3,838		1,896		7,038		3,709
Amortization	3,579		3,563		7,158		4,947
Other manufacturing overheads	5,951		3,317		10,886		5,665
Gross profit	36,052		21,523		66,387		39,183
Less:
Acquisition related costs	1,872		3,163		3,433		6,405
Interest income	(4,263)		(5,736)		(8,557)		(12,296)
Other segment items (a)	58,622		50,865		115,567		100,547
Net income	$	(20,179)	$	(26,769)	$	(44,056)	$	(55,473)

(a)Other segment items include research and development expenses and selling, general and administrative expenses, primarily in the nature of nonmanufacturing expenses including salaries and stock-based compensation for employees, consulting expenses, certain other expenses, and taxes.

Schedule of Revenue by Country

The following table sets forth revenue by country for countries with 10% or more of the Company’s revenue during any of the periods presented:

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(in thousands)
Hong Kong	$	23,560	$	15,082	$	47,395	$	25,536
Taiwan	20,538		12,052		33,255		21,611
United States	4,767		4,129		8,951		7,623
Singapore	3,010		4,259		7,075		6,468
Other	17,619		8,344		33,132		15,650
Total	$	69,494	$	43,866	$	129,808	$	76,888

Schedule of Property and Equipment Attributable to Operations

The following table sets forth the Company’s total property and equipment attributable to operations by country as of the periods presented:

	As of
	June 30, 2025		December 31, 2024
	(in thousands)
United States	$	29,737	$	32,200
Taiwan	28,168		24,294
Malaysia	21,697		16,231
Singapore	13,038		2,419
Other	7,221		7,331
	$	99,861	$	82,475