XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Total revenue $ 9,180 $ 3,708 $ 17,294 $ 8,371
Operating expenses:        
Cost of goods sold 5,319 2,198 10,167 5,078
Research and development 13,486 4,799 22,163 9,634
Selling, general, and administrative 8,878 1,329 11,573 2,815
Total operating expenses 27,683 8,326 43,903 17,527
Loss from operations (18,503) (4,618) (26,609) (9,156)
Other income (expense), net:        
Interest income 13 6 20 12
Interest expense (530) (551) (1,150) (1,103)
(Gain) loss from change in fair value remeasurement of SAFEs 2,500 (1,866) 21,600 (2,215)
Gain (loss) from change in fair value of warrants 11,316 0 11,316 0
Gain (loss) from change in fair value of earn-out liabilities 17,839 0 17,839 0
Gain (loss) from extinguishment of debt 304 0 304 0
Other income 106 56 99 112
Total other income (expense), net 31,548 (2,355) 50,028 (3,194)
Net income (loss) before income taxes 13,045 (6,973) 23,419 (12,350)
Income tax expense 57 19 70 22
Net income (loss) 12,988 (6,992) 23,349 (12,372)
Less:  Net income (loss) attributable to noncontrolling interest 6,839 (134) 6,385 (393)
Net income (loss) attributable to common shareholders - basic 6,149 (6,858) 16,964 (11,979)
Net income (loss) attributable to common shares —basic 6,149 (6,858) 16,964 (11,979)
Net income (loss) attributable to common shares —diluted $ 3,649 $ (6,858) $ (4,636) $ (11,979)
Net income (loss) per share attributable to common shares - basic (in dollars per unit) $ 0.13 $ (0.22) $ 0.43 $ (0.39)
Net income (loss) per share attributable to common shares - diluted (in dollars per unit) $ 0.06 $ (0.22) $ (0.10) $ (0.39)
Weighted average common shares outstanding - basic (in shares) [1] 47,058,489 31,139,900 39,712,251 31,055,003
Weighted average common shares outstanding - diluted (in shares) [1] 63,647,057 31,139,900 46,236,226 31,055,003
Product revenue        
Revenue:        
Total revenue $ 8,888 $ 3,337 $ 16,371 $ 7,562
Contract revenue        
Revenue:        
Total revenue $ 292 $ 371 $ 923 $ 809
[1] (1) Retroactively restated to give effect to the reverse recapitalization.