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Segment Information
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information

16. SEGMENT INFORMATION

The Company operates as one operating segment as its Chief Executive Officer, who is the chief operating decision maker, reviews financial information on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. Consolidated net loss as reported on the condensed consolidated statements of operations is used to evaluate performance and allocate resources. The following table presents revenue, significant expenses, and segment profit and loss (in thousands):

 

 

Three Months Ended
March 31,

 

2025

 

 

2024

 

 

Revenue

 

$

7,566

 

 

$

7,582

 

 

Less:

 

 

 

 

 

 

 

Operating costs and expenses excluding stock-based compensation:

 

 

 

 

 

 

 

Cost of revenue (excluding depreciation and amortization)

 

 

3,252

 

 

 

2,409

 

 

Research and development

 

 

22,561

 

 

 

20,002

 

 

Sales and marketing

 

 

4,254

 

 

 

3,926

 

 

General and administrative

 

 

13,364

 

 

 

8,105

 

 

Stock-based compensation

 

 

33,253

 

 

 

22,061

 

 

Depreciation and amortization

 

 

6,561

 

 

 

3,955

 

 

Other segment items:

 

 

 

 

 

 

 

(Gain) loss on change in fair value of warrant liabilities

 

 

(38,494

)

 

 

(8,627

)

 

Interest income, net

 

 

(4,894

)

 

 

(4,799

)

 

Other (income) expense, net

 

 

(51

)

 

 

134

 

 

Income tax (benefit) expense

 

 

12

 

 

 

8

 

 

Net loss

 

$

(32,252

)

 

$

(39,592

)