Year ended December 31,

2024

2023

2022

Net revenues

$

9,065

$

4,312

$

4,192

Less:

Stock-based compensation expense (1)

23,708

23,675

24,247

Cost of revenue (excluding 1)

12,576

9,233

7,286

Research and development expenses (excluding 1)

86,010

85,743

92,390

General and administrative expenses (excluding 1)

27,384

26,630

26,098

Selling and marketing expenses (excluding 1)

6,259

6,819

6,126

Litigation settlement, net

11,500

—

—

Loss from Operations

(158,372

)

(147,788

)

(151,955

)

Financing charges (2)

—

(3,788

)

—

Fair value at issuance of Series A warrants (3)

—

(6,500

)

—

Change in fair value of warrant liabilities (4)

(1,486

)

(182

)

970

Interest income

7,712

8,925

3,707

Other income (expense), net (excluding 2,3 and 4)

56

—

(27

)

Income tax provision

(171

)

—

—

Net loss

$

(152,261

)

$

(149,333

)

$

(147,305

)