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CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Gross profit        
Total revenue $ 14,960 $ 12,525 $ 30,849 $ 26,816
Cost of revenue 4,861 2,373 6,834 4,398
Gross profit 10,099 10,152 24,015 22,418
Operating expenses:        
Research and development 7,707 3,169 11,323 6,544
Selling and marketing 7,171 2,930 10,483 5,735
General and administrative 18,314 4,258 22,914 8,811
Estimated litigation claim 14,696 0 14,696 0
Total operating expenses 47,888 10,357 59,416 21,090
Operating (loss) income (37,789) (205) (35,401) 1,328
Loss on debt extinguishment (718) 0 (718) 0
Interest income 682 2 682 3
Interest and other expense, net (349) (240) (554) (572)
(Loss) income before income tax provision (38,174) (443) (35,991) 759
Income tax provision (benefit) 214 (112) 1,019 276
Net (loss) income $ (38,388) $ (331) $ (37,010) $ 483
(Loss) earnings per share attributable to common stockholders:        
Basic (in dollars per share) $ (1.55) $ (0.02) $ (1.65) $ 0.02
Diluted (in dollars per share) $ (1.55) $ (0.02) $ (1.65) $ 0.02
Weighted average shares used in computing per share amounts:        
Basic (in shares) 24,811,112 20,000,000 22,405,557 20,000,000
Diluted (in shares) 24,811,112 20,000,000 22,405,557 20,000,000
Software license revenue        
Gross profit        
Total revenue $ 11,023 $ 8,845 $ 23,281 $ 19,510
Maintenance and service        
Gross profit        
Total revenue $ 3,937 $ 3,680 $ 7,568 $ 7,306