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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net revenues        
Total net revenues $ 12,111 $ 2,938 $ 26,792 $ 6,873
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 2,123 802 3,763 2,805
Research and development 3,800 8,604 9,643 25,555
Software cease-use costs 0 243 0 23,918
Selling, general and administrative 15,907 12,826 29,935 26,760
Change in fair value of contingent consideration liability 0 (85,407) 0 (104,339)
Goodwill impairment 0 0 0 29,633
IPR&D impairment 0 107,800 0 107,800
Amortization of acquired intangible assets 456 546 1,002 1,087
Total operating expenses 22,286 45,414 44,343 113,219
Loss from operations (10,175) (42,476) (17,551) (106,346)
Other income (expense):        
Interest income 67 66 177 182
Interest expense (1,552) (1,104) (2,700) (1,381)
Change in fair value of warrant liabilities 7,005 (134) (1,870) 1,601
Change in fair value of debt (67) (1,077) 14 (2,357)
Loss on debt extinguishment 0 0 (3,908) 0
Other expense, net (1,766) (3,224) (2,663) (3,665)
Total other income (expense) 3,687 (5,473) (10,950) (5,620)
Loss before income taxes (6,488) (47,949) (28,501) (111,966)
Income tax expense (benefit) 0 0 0 0
Net loss (6,488) (47,949) (28,501) (111,966)
Change in fair value of debt due to change in credit risk, net of tax 0 (269) 0 2,389
Other comprehensive income 0 (269) 0 2,389
Comprehensive loss $ (6,488) $ (48,218) $ (28,501) $ (109,577)
Net loss per share - basic $ (0.3) $ (2.72) $ (1.32) $ (6.74)
Net loss per share - diluted $ (0.3) $ (2.72) $ (1.32) $ (6.74)
Weighted average shares outstanding - basic 21,849,759 17,656,390 21,645,370 16,602,301
Weighted average shares outstanding - diluted 21,849,759 17,656,390 21,645,370 16,602,301
Product Sales, net        
Net revenues        
Total net revenues $ 9,963 $ 906 $ 22,806 $ 1,949
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 1,119 207 2,341 929
Services        
Net revenues        
Total net revenues 1,278 1,278 2,565 2,635
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues 537 485 714 957
License, Royalty and Other        
Net revenues        
Total net revenues 870 754 1,421 2,289
Cost of revenues (excluding amortization of acquired intangible assets)        
Cost of revenues $ 467 $ 110 $ 708 $ 919