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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 44,969 $ 25,367 $ 127,714 $ 78,152
Cost of revenue:        
Total cost of revenue 21,708 14,213 65,357 41,059
Gross profit 23,261 11,154 62,357 37,093
Operating expenses:        
Research and development 13,156 6,370 48,358 19,039
Selling, general and administrative 34,403 22,292 119,020 66,187
Restructuring and related charges 2,341 1,998 12,374 5,415
Transaction-related expenses 5,079 1,666 25,024 1,666
Total operating expenses 54,979 32,326 204,776 92,307
Loss from operations (31,718) (21,172) (142,419) (55,214)
Bargain purchase gain 0 0 25,213 0
Interest income, net 3,941 340 13,559 656
Other income (expense), net 957 (115) (865) 292
Loss before income taxes (26,820) (20,947) (104,512) (54,266)
Income tax expense (118) (50) (301) (614)
Net loss (26,938) (20,997) (104,813) (54,880)
Induced conversion of redeemable preferred stock 0 0 (46,014) 0
Net loss attributable to common stockholders $ (26,938) $ (20,997) $ (150,827) $ (54,880)
Net loss per share, basic (in dollars per share) $ (0.07) $ (0.27) $ (0.44) $ (0.69)
Net loss per share, diluted (in dollars per share) $ (0.07) $ (0.27) $ (0.44) $ (0.69)
Shares used in computing net loss per share attributable to common stockholders, basic (in shares) 371,538 79,152 346,093 78,967
Shares used in computing net loss per share attributable to common stockholders, diluted (in shares) 371,538 79,152 346,093 78,967
Product revenue        
Revenue:        
Total revenue $ 19,593 $ 18,711 $ 65,348 $ 57,814
Cost of revenue:        
Total cost of revenue 8,159 11,403 33,142 33,276
Service revenue        
Revenue:        
Total revenue 24,438 6,566 59,518 19,268
Cost of revenue:        
Total cost of revenue 13,536 2,810 32,115 7,783
Collaboration and other revenue        
Revenue:        
Total revenue 938 $ 90 2,848 $ 1,070
Cost of revenue:        
Total cost of revenue $ 13   $ 100