Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.23.3
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total Revenue $ 23,808 $ 19,115 $ 75,756 $ 50,977
Cost of revenue 22,320 19,236 68,363 49,851
Gross profit (loss) 1,488 (121) 7,393 1,126
Operating expenses        
Research and development 9,819 12,558 32,820 38,438
Selling and marketing 5,772 5,632 18,054 17,864
General and administrative 11,118 9,642 31,569 27,191
Total operating expenses 26,709 27,832 82,443 83,493
Loss from operations (25,221) (27,953) (75,050) (82,367)
Interest expense (1,107) (129) (1,671) (362)
Gain (loss) on fair value of warrants 1,587 (6,612) (138) 11,039
Gain (loss) on fair value of contingent earnout liabilities 10,810 (40,885) 3,000 58,110
Loss on fair value of debt derivatives (3,648) 0 (3,648) 0
Loss on debt extinguishment (253) 0 (253) 0
Other income, net 436 384 965 993
Loss before provision for income taxes (17,396) (75,195) (76,795) (12,587)
Provision for income taxes 0 0 0 0
Net loss $ (17,396) $ (75,195) $ (76,795) $ (12,587)
Net loss per share:        
Basic (in dollars per share) $ (0.09) $ (0.41) $ (0.40) $ (0.07)
Diluted (in dollars per share) $ (0.09) $ (0.41) $ (0.40) $ (0.07)
Shares used in computing net loss per share:        
Basic (in shares) 197,833,109 185,560,177 193,816,804 184,454,371
Diluted (in shares) 197,833,109 185,560,177 193,816,804 184,454,371
Net loss $ (17,396) $ (75,195) $ (76,795) $ (12,587)
Net unrealized holding gain (loss) on available-for-sale investments 149 (178) 585 (1,121)
Total comprehensive loss (17,247) (75,373) (76,210) (13,708)
3D Printer        
Revenue from contract with customer 21,428 16,537 69,193 44,336
Cost of revenue 20,273 16,574 61,975 42,686
Recurring payment        
Recurring Payment 531 1,183 1,141 3,042
Cost of revenue 111 656 893 2,059
Support services        
Revenue from contract with customer 1,849 1,395 5,422 3,599
Cost of revenue $ 1,936 $ 2,006 $ 5,495 $ 5,106