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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 8,202 $ 7,140 $ 22,060 $ 15,742
Cost of revenues (exclusive of depreciation and amortization shown separately below) 8,141 6,340 21,654 14,114
Operating expenses        
Research and development 5,127 4,927 15,338 15,398
General and administrative 9,347 7,633 30,611 23,908
Depreciation and amortization 2,822 386 7,946 1,021
Impairment of assets 15,170 0 15,170 0
Total operating expenses 32,466 12,946 69,065 40,327
Loss from operations (32,405) (12,146) (68,659) (38,699)
Other income (expenses)        
Investment income (expenses), net 1,745 (1,130) 5,447 4,308
Interest expenses (86) 0 (313) 0
(Loss) gain in fair value of derivatives (43) 126 237 620
(Loss) gain in fair value of common stock warrants liability (2,285) 22,815 (2,913) 27,438
(Loss) gain in fair value of earnout liability (2,941) 18,757 (2,401) 39,137
Other (expenses) income, net (517) 2,603 (1,170) 1,655
Total other (expenses) income, net (4,127) 43,171 (1,113) 73,158
(Loss) income before income tax expenses (36,532) 31,025 (69,772) 34,459
Income tax expenses (231) (94) (403) (223)
Net (loss) income (36,763) 30,931 (70,175) 34,236
Other comprehensive income (loss)        
Unrealized gain on marketable securities 690 1,593 2,210 4,507
Foreign currency translation adjustment 1,828 (4,176) (3,707) (784)
Total other comprehensive income (loss) 2,518 (2,583) (1,497) 3,723
Total comprehensive (loss) income $ (34,245) $ 28,348 $ (71,672) $ 37,959
Net (loss) income per share, basic (in dollars per share) $ (0.26) $ 0.22 $ (0.49) $ 0.25
Net (loss) income per share, diluted (in dollars per share) $ (0.26) $ 0.22 $ (0.49) $ 0.24
Weighted-average common shares outstanding, basic (in shares) 143,387,618 139,806,045 142,720,941 139,374,106
Weighted-average common shares outstanding, diluted (in shares) 143,387,618 142,703,550 142,720,941 142,872,174
Products        
Revenues:        
Total revenues $ 8,202 $ 6,358 $ 22,057 $ 14,229
Services        
Revenues:        
Total revenues $ 0 $ 782 $ 3 $ 1,513