Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total Revenue $ 25,134 $ 19,644 $ 51,948 $ 31,862
Cost of revenue 22,154 18,412 46,043 30,615
Gross profit 2,980 1,232 5,905 1,247
Operating expenses        
Research and development 12,454 12,965 23,001 25,880
Selling and marketing 6,108 6,249 12,282 12,232
General and administrative 10,124 8,259 20,451 17,549
Total operating expenses 28,686 27,473 55,734 55,661
Loss from operations (25,706) (26,241) (49,829) (54,414)
Interest expense (344) (92) (564) (233)
Gain (loss) on fair value of warrants 828 23,665 (1,725) 17,651
Gain (loss) on fair value of contingent earnout liabilities 1,843 130,227 (7,810) 98,995
Other income (expense), net 178 391 529 609
Income (loss) before provision for income taxes (23,201) 127,950 (59,399) 62,608
Provision for income taxes 0 0 0 0
Net loss $ (23,201) $ 127,950 $ (59,399) $ 62,608
Net income (loss) per share:        
Basic (in dollars per share) $ (0.12) $ 0.69 $ (0.31) $ 0.34
Diluted (in dollars per share) $ (0.12) $ 0.63 $ (0.31) $ 0.31
Shares used in computing net income (loss) per share:        
Basic (in shares) 193,917,908 184,282,194 191,775,367 183,892,304
Diluted (in shares) 193,917,908 202,326,053 191,775,367 203,026,468
Net income (loss) $ (23,201) $ 127,950 $ (59,399) $ 62,608
Net unrealized holding gain (loss) on available-for-sale investments 148 (335) 436 (943)
Total comprehensive income (loss) (23,053) 127,615 (58,963) 61,665
3D Printer        
Revenue from contract with customer 23,190 17,615 47,765 27,799
Cost of revenue 19,728 15,633 41,702 26,112
Recurring payment        
Recurring Payment 35 934 610 1,859
Cost of revenue 335 685 782 1,403
Support services        
Revenue from contract with customer 1,909 1,095 3,573 2,204
Cost of revenue $ 2,091 $ 2,094 $ 3,559 $ 3,100