Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.24.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Total Revenue $ 77,443 $ 78,706
Total cost of revenue 103,710 77,863
Gross profit (26,267) 843
Operating expenses    
Research and development 42,031 46,266
Selling and marketing 23,229 23,907
General and administrative 41,727 36,982
Total operating expenses 106,987 107,155
Loss from operations (133,254) (106,312)
Interest expense (9,722) (372)
Gain on fair value of warrants 2,338 19,129
Gain on fair value of contingent earnout liabilities 15,958 94,073
Gain on fair value of debt derivatives 8,485 0
Loss on debt extinguishment (19,450) 0
Other income, net 506 1,451
Gain (loss) before provision for income taxes (135,139) 7,969
Provision for income taxes 0 0
Net income (loss) $ (135,139) $ 7,969
Net income (loss) per share:    
Basic (in dollars per share) $ (0.68) $ 0.04
Diluted (in dollars per share) $ (0.68) $ 0.04
Denominator:    
Basic weighted average shares outstanding 197,358,751 185,079,101
Diluted weighted average shares outstanding 197,358,751 202,174,903
Net income (loss) $ (135,139) $ 7,969
Net unrealized holding gain (loss) on available-for-sale investments 741 (823)
Total comprehensive income (loss) (134,398) 7,146
3D Printer    
Revenue from contract with customer 68,938 69,295
Total cost of revenue 94,448 68,253
Recurring payment    
Recurring payment 1,676 4,161
Total cost of revenue 1,291 2,612
Support services    
Revenue from contract with customer 6,829 5,250
Total cost of revenue $ 7,971 $ 6,998