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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue $ 24,215 $ 21,848 $ 44,469 $ 40,629
Cost of revenue 3,550 2,229 5,880 3,957
Gross profit 20,665 19,619 38,589 36,672
Operating expenses:        
Research and development expenses 18,914 15,402 38,785 30,896
Selling, general and administrative expenses 43,199 30,056 78,166 57,355
Operating loss (41,448) (25,839) (78,362) (51,579)
Financing on prepaid forward obligation (4,644) (5,773) (9,227) (11,433)
Interest expense on long-term debt (4,132) (3,461) (8,200) (5,908)
Interest and other income, net 1,299 1,708 3,413 3,323
Loss before income taxes (48,925) (33,365) (92,376) (65,597)
Income tax expense (1,015) (38) (1,407) (92)
Net Loss (49,940) (33,403) (93,783) (65,689)
Statements of Comprehensive Loss        
Net loss (49,940) (33,403) (93,783) (65,689)
Other comprehensive loss        
Unrealized income (loss) on investments (8) 6 (50) (43)
Comprehensive Loss $ (49,948) $ (33,397) $ (93,833) $ (65,732)
Net loss per ordinary share - basic and diluted (in dollars per share) $ (1.05) $ (0.82) [1] $ (1.97) $ (1.69) [1]
Weighted average number of shares outstanding used in computation of basic and diluted loss per ordinary share (in shares) 47,739,816 40,501,315 [1] 47,582,610 38,785,924 [1]
[1] The loss per share, both basic and diluted, for the second quarter of 2024 was revised to record an immaterial correction to the amounts originally reported in the June 30, 2024 Form 10-Q filed on August 13, 2024 by incorporating the 3,679,400 shares of pre-funded warrants outstanding as of the reporting period, which were not included in the previous calculations and are now reflected in the weighted average shares outstanding.