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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 2,012 $ 743 $ 4,119 $ 1,891
Cost of revenue 2,860 2,661 6,359 5,190
Gross loss (848) (1,918) (2,240) (3,299)
Research and development expenses 26,196 27,065 51,208 52,519
General and administrative expenses 8,663 7,713 17,074 15,546
Selling and marketing expenses 1,706 1,485 4,235 4,083
Litigation settlement, net 11,500 0 11,500 0
Total operating expenses 48,065 36,263 84,017 72,148
Operating loss (48,913) (38,181) (86,257) (75,447)
Interest income 2,099 2,225 4,557 4,289
Other income, net 3,544 1 3,104 29
Loss before income taxes (43,270) (35,955) (78,596) (71,129)
Income tax provision 123 0 123 0
Net loss (43,393) (35,955) (78,719) (71,129)
Unrealized gain (loss) on available-for-sale securities 12 477 (149) 1,689
Total comprehensive loss $ (43,381) $ (35,478) $ (78,868) $ (69,440)
Net loss per share, Basic $ (0.82) $ (0.82) $ (1.49) $ (1.62)
Net loss per share, Diluted $ (0.82) $ (0.82) $ (1.49) $ (1.62)
Weighted-average shares used in computing net loss per share - Basic 52,995,093 44,104,251 52,868,909 44,015,402
Weighted-average shares used in computing net loss per share - diluted 52,995,093 44,104,251 52,868,909 44,015,402