Quarterly report pursuant to Section 13 or 15(d)

Revision of Previously Issued Condensed Consolidated Financial Statements (Tables)

v3.24.2.u1
Revision of Previously Issued Condensed Consolidated Financial Statements (Tables)
6 Months Ended
Jun. 30, 2024
Income Statement [Abstract]  
Schedule of Impact of the Revision

The impact of the revision is as follows:

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

June 30, 2023

 

 

June 30, 2023

 

 

As Previously
Reported

 

 

Adjustment

 

 

As Revised

 

 

As Previously
Reported

 

 

Adjustment

 

 

As Revised

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3D Printer

 

$

23,190

 

 

$

 

 

$

23,190

 

 

$

47,765

 

 

$

(127

)

 

$

47,638

 

Recurring payment

 

 

35

 

 

 

 

 

 

35

 

 

 

610

 

 

 

 

 

 

610

 

Support services

 

 

1,909

 

 

 

 

 

 

1,909

 

 

 

3,573

 

 

 

 

 

 

3,573

 

Total Revenue

 

 

25,134

 

 

 

 

 

 

25,134

 

 

 

51,948

 

 

 

(127

)

 

 

51,821

 

Cost of revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3D Printer

 

 

19,728

 

 

 

324

 

 

 

20,052

 

 

 

41,702

 

 

 

518

 

 

 

42,220

 

Recurring payment

 

 

335

 

 

 

 

 

 

335

 

 

 

782

 

 

 

 

 

 

782

 

Support services

 

 

2,091

 

 

 

120

 

 

 

2,211

 

 

 

3,559

 

 

 

192

 

 

 

3,751

 

Total cost of revenue

 

 

22,154

 

 

 

444

 

 

 

22,598

 

 

 

46,043

 

 

 

710

 

 

 

46,753

 

Gross profit

 

 

2,980

 

 

 

(444

)

 

 

2,536

 

 

 

5,905

 

 

 

(837

)

 

 

5,068

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

12,454

 

 

 

(216

)

 

 

12,238

 

 

 

23,001

 

 

 

(346

)

 

 

22,655

 

Selling and marketing

 

 

6,108

 

 

 

 

 

 

6,108

 

 

 

12,282

 

 

 

 

 

 

12,282

 

General and administrative

 

 

10,124

 

 

 

(228

)

 

 

9,896

 

 

 

20,451

 

 

 

(364

)

 

 

20,087

 

Total operating expenses

 

 

28,686

 

 

 

(444

)

 

 

28,242

 

 

 

55,734

 

 

 

(710

)

 

 

55,024

 

Loss from operations

 

 

(25,706

)

 

 

 

 

 

(25,706

)

 

 

(49,829

)

 

 

(127

)

 

 

(49,956

)

Interest expense

 

 

(344

)

 

 

 

 

 

(344

)

 

 

(564

)

 

 

 

 

 

(564

)

Gain (loss) on fair value of
   warrants

 

 

828

 

 

 

 

 

 

828

 

 

 

(1,725

)

 

 

 

 

 

(1,725

)

Gain (loss) on fair value of
   contingent earnout
   liabilities

 

 

1,843

 

 

 

 

 

 

1,843

 

 

 

(7,810

)

 

 

 

 

 

(7,810

)

Other income, net

 

 

178

 

 

 

 

 

 

178

 

 

 

529

 

 

 

 

 

 

529

 

Loss before provision
   for income taxes

 

 

(23,201

)

 

 

 

 

 

(23,201

)

 

 

(59,399

)

 

 

(127

)

 

 

(59,526

)

Provision for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

(23,201

)

 

 

 

 

 

(23,201

)

 

 

(59,399

)

 

 

(127

)

 

 

(59,526

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share–basic and diluted

 

$

(4.10

)

 

$

 

 

$

(4.10

)

 

$

(10.61

)

 

$

 

 

$

(10.63

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in computing net loss per share–basic and diluted

 

 

5,659,601

 

 

 

 

 

 

5,659,601

 

 

 

5,598,386

 

 

 

 

 

 

5,598,386

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(23,201

)

 

$

 

 

$

(23,201

)

 

$

(59,399

)

 

$

(127

)

 

$

(59,526

)

Net unrealized holding gain
   on available-for-sale
   investments

 

 

148

 

 

 

 

 

 

148

 

 

 

436

 

 

 

 

 

 

436

 

Total comprehensive loss

 

$

(23,053

)

 

$

 

 

$

(23,053

)

 

$

(58,963

)

 

$

(127

)

 

$

(59,090

)