| Summary of Revisions to Previously Issued Financial Statements |
The following tables reflect the revisions to the previously issued Condensed Consolidated Statements of Operations for the three months ended March 31, 2026:
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Three Months Ended March 31, 2026 |
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As Previously Reported |
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Adjusted |
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As Revised |
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(In thousands) |
|
Cost of revenue |
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|
|
|
|
|
|
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|
3D Printer and parts |
|
$ |
10,225 |
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|
$ |
(989 |
) |
|
$ |
9,236 |
|
Total cost of revenue |
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|
11,435 |
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|
|
(989 |
) |
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|
10,446 |
|
Gross profit |
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|
2,381 |
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|
989 |
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|
3,370 |
|
Operating expenses |
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|
|
|
|
|
|
|
|
Research and development |
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|
2,695 |
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|
254 |
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|
|
2,949 |
|
Total operating expenses |
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|
9,328 |
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|
254 |
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|
9,582 |
|
Loss from operations |
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(6,947 |
) |
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|
735 |
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(6,212 |
) |
Loss before income taxes |
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(6,972 |
) |
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|
735 |
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|
(6,237 |
) |
Net loss |
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$ |
(6,998 |
) |
|
$ |
735 |
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|
$ |
(6,263 |
) |
Net loss per share: |
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Basic and Diluted |
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$ |
(0.28 |
) |
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$ |
0.03 |
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|
$ |
(0.25 |
) |
The following tables reflects the revisions to the previously issued Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2026:
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Three Months Ended June 30, 2026 |
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Six Months Ended June 30, 2026 |
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As Previously Reported |
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Adjusted |
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As Revised |
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As Previously Reported |
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Adjusted |
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As Revised |
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(In thousands) |
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(In thousands) |
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Cost of revenue |
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3D Printer and parts |
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$ |
15,755 |
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|
$ |
(1,138 |
) |
|
$ |
14,617 |
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$ |
25,980 |
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|
$ |
(2,127 |
) |
|
$ |
23,853 |
|
Total cost of revenue |
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16,222 |
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(1,138 |
) |
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15,084 |
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27,657 |
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$ |
(2,127 |
) |
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25,530 |
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Gross profit |
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4,442 |
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|
1,138 |
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5,580 |
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6,823 |
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2,127 |
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8,950 |
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Operating expenses |
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Research and development |
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4,329 |
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281 |
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4,610 |
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7,024 |
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|
535 |
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|
7,559 |
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Total operating expenses |
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15,503 |
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|
281 |
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|
15,784 |
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24,831 |
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|
535 |
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|
25,366 |
|
Loss from operations |
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(11,061 |
) |
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|
857 |
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(10,204 |
) |
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(18,008 |
) |
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1,592 |
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(16,416 |
) |
Loss before income taxes |
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(11,519 |
) |
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|
857 |
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(10,662 |
) |
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(18,491 |
) |
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1,592 |
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(16,899 |
) |
Net loss |
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$ |
(11,510 |
) |
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$ |
857 |
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$ |
(10,653 |
) |
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$ |
(18,508 |
) |
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$ |
1,592 |
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$ |
(16,916 |
) |
Net loss per share: |
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Basic and Diluted |
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$ |
(0.39 |
) |
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$ |
0.03 |
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$ |
(0.36 |
) |
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$ |
(0.68 |
) |
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$ |
0.06 |
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$ |
(0.62 |
) |
The following table reflects the revisions to the previously issued Condensed Consolidated Balance Sheets as of March 31, 2026 and June 30, 2026:
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As of March 31, 2026 |
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As of June 30, 2026 |
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As Previously Reported |
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Adjusted |
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As Revised |
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As Previously Reported |
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Adjusted |
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As Revised |
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(In thousands) |
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(In thousands) |
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Assets |
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Current assets: |
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Inventories, net |
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$ |
28,104 |
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$ |
735 |
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$ |
28,839 |
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$ |
27,578 |
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$ |
1,592 |
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$ |
29,170 |
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Total current assets |
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$ |
65,170 |
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$ |
735 |
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$ |
65,905 |
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$ |
156,134 |
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$ |
1,592 |
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$ |
157,726 |
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Total assets |
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$ |
92,404 |
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$ |
735 |
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$ |
93,139 |
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$ |
200,147 |
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$ |
1,592 |
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$ |
201,739 |
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Liabilities and Stockholders’ Equity |
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Stockholders’ equity: |
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Accumulated deficit |
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$ |
(505,141 |
) |
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$ |
735 |
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$ |
(504,406 |
) |
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$ |
(516,651 |
) |
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$ |
1,592 |
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$ |
(515,059 |
) |
Total stockholders’ equity |
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$ |
51,540 |
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$ |
735 |
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$ |
52,275 |
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$ |
146,539 |
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$ |
1,592 |
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$ |
148,131 |
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Total liabilities and stockholders’ equity |
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$ |
92,404 |
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$ |
735 |
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$ |
93,139 |
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$ |
200,147 |
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$ |
1,592 |
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$ |
201,739 |
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The following table reflects the revisions to the previously issued Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and the six months ended June 30, 2026:
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Three Months Ended March 31, 2026 |
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Six Months Ended June 30, 2026 |
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As Previously Reported |
|
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Adjusted |
|
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As Revised |
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|
As Previously Reported |
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Adjusted |
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As Revised |
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(In thousands) |
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(In thousands) |
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Cash flows from operating activities |
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Net loss |
|
$ |
(6,998 |
) |
|
$ |
735 |
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$ |
(6,263 |
) |
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$ |
(18,508 |
) |
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$ |
1,592 |
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$ |
(16,916 |
) |
Adjustments to reconcile net loss to net cash used in operating activities |
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Reserve for excess and obsolete inventory |
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$ |
— |
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$ |
390 |
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$ |
390 |
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$ |
— |
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$ |
857 |
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$ |
857 |
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Changes in operating assets and liabilities |
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Inventories |
|
$ |
672 |
|
|
$ |
(1,125 |
) |
|
$ |
(453 |
) |
|
$ |
4,441 |
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|
$ |
(2,449 |
) |
|
$ |
1,992 |
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|