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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Schedule of Segment Reporting Information The following table is representative of the significant expense categories regularly provided to the CODM
when managing the Company’s single reporting segment and includes a reconciliation to the consolidated
net loss shown in the condensed consolidated statements of operations and comprehensive loss for the
three and six months ended June 30, 2025 and 2024 (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025
2024
2025
2024
Revenue ................................................................
$43,424
$31,054
$80,629
$57,897
Less(1):
Cost of revenue ...............................................
10,646
7,215
19,910
14,635
Research and development expenses:
Research and development .....................
8,995
6,223
17,322
12,120
Regulatory and clinical ..............................
6,037
3,709
11,633
7,254
Selling, general and administrative
expenses:
Sales ............................................................
18,485
17,406
35,438
32,962
Marketing .....................................................
4,481
2,952
9,163
5,852
General and administrative .......................
8,495
7,726
18,380
15,309
Loss from operations ...........................................
(13,715)
(14,177)
(31,217)
(30,235)
Other income (expense), net(2) .....................
4,578
(9,082)
(10,265)
(14,028)
Provision for income taxes ............................
(59)
(120)
(59)
(48)
Segment net loss .................................................
$(9,196)
$(23,379)
(41,541)
$(44,311)
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2)Other income (expense), net represents the consolidated amounts for interest income, interest expense, change in fair value of
common stock warrant liability, change in fair value of derivative liability and other income (expense), net as shown on the condensed
consolidated statements of operations and comprehensive loss.
Schedule of Cash and Cash Equivalents The following table provides a reconciliation of cash, cash equivalents and restricted cash to the total
shown in the condensed consolidated statements of cash flows (in thousands):
June 30,
2025
2024
Cash and cash equivalents ...............................................................................
$80,210
$75,370
Restricted cash ....................................................................................................
4,475
4,467
Total cash, cash equivalents and restricted cash ..........................................
$84,685
$79,837
Schedule of Restrictions on Cash and Cash Equivalents The following table provides a reconciliation of cash, cash equivalents and restricted cash to the total
shown in the condensed consolidated statements of cash flows (in thousands):
June 30,
2025
2024
Cash and cash equivalents ...............................................................................
$80,210
$75,370
Restricted cash ....................................................................................................
4,475
4,467
Total cash, cash equivalents and restricted cash ..........................................
$84,685
$79,837