Segments

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segments

Segment

The Company’s chief operating decision maker (“CODM”) is the Chief Executive Officer. The Chief Executive Officer reviews financial information including revenue, expenses and net loss presented on a consolidated basis, accompanied by certain supplemental information about significant expense categories for purposes of allocating resources and evaluating the Company’s financial performance. The Company operates as one reportable and operating segment, which relates to the sale and production of lidar sensor kits and there are no segment managers who are held accountable for operations, operating results and plans for levels or components below the consolidated unit level. The CODM assesses financial performance of the reportable segment and decides how to allocate resources based on the net loss that also is reported as the net loss attributable to the Company on the consolidated statements of operations and comprehensive loss. The net loss is also used by our CODM to monitor actual results versus budget and prior periods amounts of our reportable segment and decide how to expand business or to return value to stockholders. The measure of the segment assets is reported on the consolidated balance sheet as total assets.

The following table reflects certain financial data for our reportable segment (in thousands):

	Year Ended December 31,
	2025		2024
Total revenue	$	169,384	$	111,101
Less(1):
Product manufacturing costs	68,024		57,951
Stock based compensation and amortization expense	7,307		6,377
Other costs(2)	10,617		6,313
Research and development	65,170		58,084
Sales and marketing	27,624		27,852
General and administrative	64,641		58,701
Total other (income) expense, net	(10,687)		(7,669)
Provision for (benefit from) income tax	(2,935)		537
Net loss	$	(60,377)	$	(97,045)

(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.

(2)Other costs primarily includes inventory excess and obsolescence, scrap, warranty, freight, tariffs and other cost of revenue items.