Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total Revenue $ 10,344 $ 25,134 $ 20,130 $ 51,821
Cost of revenue 13,241 22,598 25,842 46,753
Gross profit (loss) (2,897) 2,536 (5,712) 5,068
Operating expenses        
Research and development 4,545 12,238 9,588 22,655
Selling and marketing 4,273 6,108 9,082 12,282
General and administrative 8,805 9,896 17,588 20,087
Total operating expenses 17,623 28,242 36,258 55,024
Loss from operations (20,520) (25,706) (41,970) (49,956)
Interest expense (5,463) (344) (9,360) (564)
Gain (loss) on fair value of warrants 25,310 828 22,690 (1,725)
Gain (loss) on fair value of contingent earnout liabilities 1,824 1,843 1,387 (7,810)
Other income (expense), net (1,327) 178 (1,233) 529
Income (loss) before provision for income taxes (176) (23,201) (28,486) (59,526)
Provision for income taxes 4 0 0 0
Net income (loss) $ (172) $ (23,201) $ (28,486) $ (59,526)
Net income (loss) per share basic $ (0.02) $ (4.1) $ (3.55) $ (10.63)
Net income (loss) per share Diluted $ (0.02) $ (4.1) $ (3.55) $ (10.63)
Shares used in computing net income (loss) per share basic 8,475,386 5,659,601 8,015,722 5,598,386
Shares used in computing net income (loss) per share diluted 8,475,386 5,659,601 8,015,722 5,598,386
Net income (loss) $ (172) $ (23,201) $ (28,486) $ (59,526)
Net unrealized holding gain on available-for-sale investments 42 148 94 436
Total comprehensive income (loss) (130) (23,053) (28,392) (59,090)
3D Printer        
Revenue from contract with customer 8,679 23,190 16,339 47,638
Cost of revenue 10,744 20,052 20,138 42,220
Recurring payment        
Recurring Payment 292 35 762 610
Cost of revenue 232 335 547 782
Support services        
Revenue from contract with customer 1,373 1,909 3,029 3,573
Cost of revenue $ 2,265 $ 2,211 $ 5,157 $ 3,751