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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue $ 27,482 $ 25,204 $ 71,951 $ 65,833
Cost of revenue 3,278 2,453 9,158 6,410
Gross profit 24,204 22,751 62,793 59,423
Operating expenses:        
Research and development expenses 14,008 11,355 52,793 42,251
Selling, general and administrative expenses 37,582 28,941 115,748 86,296
Operating loss (27,386) (17,545) (105,748) (69,124)
Financing on prepaid forward obligation (4,621) (5,915) (13,848) (17,348)
Interest expense on long-term debt (3,373) (2,721) (11,573) (8,629)
Interest and other income, net 979 2,599 4,392 5,922
Loss before income taxes (34,401) (23,582) (126,777) (89,179)
Income tax benefit (expense) 1,054 (91) (353) (183)
Net Loss (33,347) (23,673) (127,130) (89,362)
Statements of Comprehensive Loss        
Net loss (33,347) (23,673) (127,130) (89,362)
Other comprehensive loss        
Unrealized income (loss) on investments 17 267 (33) 224
Comprehensive Loss $ (33,330) $ (23,406) $ (127,163) $ (89,138)
Net loss per ordinary share - basic and diluted (in dollars per share) $ (0.69) $ (0.51) [1] $ (2.66) $ (2.15) [1]
Weighted average number of shares outstanding used in computation of basic and diluted loss per ordinary share (in shares) 48,057,386 46,779,637 [1] 47,742,305 41,476,892 [1]
[1] The loss per share, both basic and diluted, for the third quarter of 2024 was revised to record an immaterial correction to the amounts originally reported in the September 30, 2024 Form 10-Q filed on November 6, 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.