Business Combinations (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following presents the preliminary allocation of the purchase consideration

to the assets acquired and liabilities assumed for Exalos, and the final allocation of the purchase consideration to the assets acquired and liabilities assumed for Silicon Radar, GEO, and Symeo as of December 31, 2023:

	Exalos		Silicon Radar		GEO		Symeo
Purchase price — cash consideration paid	$	—	$	8,653	$	91,076	$	10,000
Purchase price — cash consideration accrued	—		800		3,464		9,674
Less: cash acquired	(3,439)		(208)		(1,092)		(1,295)
Net cash consideration	$	(3,439)	$	9,245	$	93,448	$	18,379
Purchase price — equity consideration issued (common stock)	$	42,791	$	9,834	$	75,556	$	—
Purchase price — equity consideration issuable (common stock)	2,500		—		20,979		—
Total equity consideration	$	45,291	$	9,834	$	96,535	$	—
Earn out shares	$	—	$	—	$	—	$	7,836
Contingent consideration	13,225		9,240		59,280		—
Net consideration	$	55,077	$	28,319	$	249,263	$	26,215
Estimated fair value of net assets and liabilities assumed:
Current assets other than cash	$	4,408	$	2,979	$	24,043	$	2,767
Property and equipment	1,001		781		178		1,039
Developed technology	7,968		4,950		69,330		5,060
In-process research & development	7,968		8,870		27,040		4,060
Customer relationships	5,312		4,340		14,220		4,510
Backlog	664		150		390		350
Trade name	3,984		2,130		10,320		2,590
Operating lease right-of-use assets step-up	664		—		—		—
Other non-current assets	—		17		10		36
Current liabilities	(3,541)		(1,585)		(6,084)		(1,461)
Deferred revenue	—		(512)		—		—
Deferred tax liabilities, non-current	(5,318)		(2,772)		(1,982)		(1,055)
Other non-current liabilities	—		—		(711)		—
Total fair value of net assets acquired	$	23,110	$	19,348	$	136,754	$	17,896
Goodwill	$	31,967	$	8,971	$	112,509	$	8,319

Pro Forma Financial Information

The unaudited pro forma financial information shown below summarizes the combined results of operations for the Company and GEO as if the closing of the acquisition had occurred on January 1, 2023:

	Year ended December 31, 2023		Year ended December 31, 2022
Combined revenue	$	226,839	$	160,748
Combined net loss before income taxes	$	(143,046)	$	(87,020)

Schedule of Net Assets Acquired And Goodwill

As of December 31, 2023, the Company finalized the opening net assets acquired and goodwill.

The fair value of inventory was calculated using the cost of goods sold to estimate the selling price. The selling price was adjusted for selling costs and a reasonable profit margin.

As of December 31, 2022, the Company finalized the opening net assets acquired and goodwill as follows:

	Preliminary Valuation		Adjustment		Final Valuation
Purchase price — contingent considerations	$	8,204	$	(368)	$	7,836
Inventory	2,020		(90)		1,930
Developed technology	6,631		(1,571)		5,060
In-progress research & development	2,170		1,890		4,060
Customer relationships	2,411		2,099		4,510
Backlog	603		(253)		350
Trade name	965		1,625		2,590
Deferred tax liability	(2,935)		1,880		(1,055)
Goodwill	14,267		(5,948)		8,319