General form for registration of securities under the Securities Act of 1933

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Revenue            
Total Revenue $ 13,572 $ 10,344 $ 22,892 $ 20,130 $ 41,003 $ 77,443
Cost of revenue            
Total cost of revenue 15,160 13,241 23,783 25,842 43,088 103,710
Gross loss (1,588) (2,897) (891) (5,712) (2,085) (26,267)
Operating expenses            
Research and development 2,845 4,545 5,120 9,588 17,108 42,031
Selling and marketing 1,619 4,273 2,831 9,082 13,808 23,229
General and administrative 6,037 8,805 15,168 17,588 49,346 41,727
Total operating expenses 10,501 17,623 23,119 36,258 80,262 106,987
Loss from operations (12,089) (20,520) (24,010) (41,970) (82,347) (133,254)
Interest expense (1,572) (5,463) (2,642) (9,360) (15,968) (9,722)
Gain (loss) on fair value of warrants 25,310 (1,044) 22,690 32,094 2,338
Gain on fair value of contingent earnout liabilities 1,824 1,387 1,445 15,958
Loss on warrant cancellation (11,357)    
Gain on fair value of debt derivatives         8,485
Loss on debt extinguishment         (4,904) (19,450)
Other expense, net (6) (1,327) (17) (1,233) (3,637) 506
Loss before income taxes (13,667) (176) (39,070) (28,486) (73,317) (135,139)
(Provision) benefit for income taxes (89) 4 (97) 20
Net loss $ (13,756) $ (172) $ (39,167) $ (28,486) $ (73,297) $ (135,139)
Net loss per share:            
Basic $ (0.98) $ (0.30) $ (2.85) $ (53.31) $ (86.51) $ (359.49)
Diluted $ (0.98) $ (0.30) $ (2.85) $ (53.31) $ (86.51) $ (359.49)
Shares used in computing net loss per share:            
Basic 14,041,712 565,026 13,721,680 534,381 847,265 375,922
Diluted 14,041,712 565,026 13,721,680 534,381 847,265 375,922
Net unrealized holding gain on available-for-sale investments $ 42 $ 94 $ 96 $ 741
Total comprehensive loss (13,756) (130) (39,167) (28,392) (73,201) (134,398)
A3D Printers [Member]            
Revenue            
Total Revenue 12,082 8,679 19,605 16,339 25,368 68,938
Cost of revenue            
Total cost of revenue 13,994 10,744 21,534 20,138 34,159 94,448
Recurring Payment [Member]            
Revenue            
Total Revenue 70 292 70 762 1,054 1,676
Cost of revenue            
Total cost of revenue 232 12 547 866 1,291
Support Services [Member]            
Revenue            
Total Revenue 1,359 1,373 3,149 3,029 9,581 6,829
Cost of revenue            
Total cost of revenue 1,166 2,265 2,237 5,157 8,063 7,971
Other [Member]            
Revenue            
Total Revenue $ 61 $ 68 $ 5,000