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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net revenue $ 26,239 $ 39,668 $ 74,438 $ 109,811
Cost of goods sold 10,411 20,085 28,550 56,236
Gross profit 15,828 19,583 45,888 53,575
Operating expenses:        
Sales and distribution 13,912 20,921 42,288 61,704
Research and development 0 852 0 3,808
General and administrative 3,646 4,326 13,812 16,566
Impairment loss on intangibles 0 0 0 39,445
Total operating expenses 17,558 26,099 56,100 121,523
Operating loss (1,730) (6,516) (10,212) (67,948)
Interest expense, net 189 359 741 1,076
Change in fair value of warrant liabilities (161) (567) (730) (2,410)
Other (income) expense, net 225 (128) 275 101
Loss before income taxes (1,983) (6,180) (10,498) (66,715)
Provision (benefit) for income taxes (210) 90 66 142
Net loss $ (1,773) $ (6,270) $ (10,564) $ (66,857)
Net loss per share, basic and diluted (in dollars per share) $ (0.25) $ (0.95) $ (1.51) $ (10.3)
Weighted-average number of shares outstanding, basic and diluted (*) (in shares) [1] 7,166,612 6,600,485 6,977,262 6,493,852
[1] The number of shares and per share amounts have been retroactively restated to reflect the one for twelve (1 for 12) reverse stock split, which was effective on March 22, 2024.