Business Combinations (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following presents the preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed for TeraXion, ON Design Israel, and Symeo as of June 30, 2022:

	Symeo GmbH		TeraXion		ON Design Israel
Purchase price - cash consideration	$	10,000	$	74,050	$	6,107
Purchase price - cash consideration (Accrual)	9,674		—		7,500
Add: debt paid at closing	—		6,857		—
Less: cash acquired	(1,295)		(5,625)		(1,133)
Net cash paid	18,379		75,282		12,474
Purchase price - equity consideration
Common stock	—		65,192		—
Options	—		17,249		—
Total equity consideration	—		82,441		—
Earn out shares	8,204		—		—
Contingent consideration	—		—		4,000
Net consideration	$	26,583	$	157,723	$	16,474
Fair value of net assets and liabilities assumed:
Current assets other than cash	2,857		7,627		119
Property and equipment	1,039		6,009		1,315
Developed technology	6,631		43,594		5,077
In-progress research & development	2,170		10,304		1,562
Customer relationships	2,411		12,682		—
Backlog	603		2,378		—
Trade name	965		6,125		—
Other non-current assets	36		—		66
Current liabilities	(1,461)		(5,840)		(859)
Deferred revenue	—		(1,025)		—
Deferred tax liabilities, non-current	(2,935)		(20,272)		(1,578)
Long-term debt	—		(7,580)		—
Total fair value of net assets acquired	12,316		54,002		5,702
Goodwill	$	14,267	$	103,721	$	10,772

Pro Forma Financial Information

The unaudited pro forma financial information shown below summarizes the combined results of operations for the Company and TeraXion as if the closing of the acquisition had occurred on January 1, 2021:

	Three months ended		Six months ended
	June 30, 2021		June 30, 2021
Combined revenue	$	15,455	$	29,499
Combined net loss before income taxes	11,283		19,850