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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
Revenue $ 2,250 $ 810 $ 6,369 $ 2,701
Cost of revenue 2,971 2,525 9,330 7,715
Gross loss (721) (1,715) (2,961) (5,014)
Research and development expenses 27,116 23,787 78,324 76,306
General and administrative expenses 8,456 8,474 25,530 24,020
Selling and marketing expenses 1,583 1,520 5,818 5,603
Litigation settlement, net 0 0 11,500 0
Total operating expenses 37,155 33,781 121,172 105,929
Operating loss (37,876) (35,496) (124,133) (110,943)
Interest income 1,770 2,219 6,327 6,508
Other income, net (1,268) 39 1,836 68
Loss before income taxes (37,374) (33,238) (115,970) (104,367)
Income tax provision 22 0 145 0
Net loss (37,396) (33,238) (116,115) (104,367)
Unrealized gain (loss) on available-for-sale securities 352 915 203 2,604
Total comprehensive loss $ (37,044) $ (32,323) $ (115,912) $ (101,763)
Net loss per share, Basic $ (0.7) $ (0.75) $ (2.18) $ (2.36)
Net loss per share, Diluted $ (0.7) $ (0.75) $ (2.18) $ (2.36)
Weighted-average shares used in computing net loss per share - Basic 53,704,039 44,565,164 53,149,318 44,200,670
Weighted-average shares used in computing net loss per share - diluted 53,704,039 44,565,164 53,149,318 44,200,670