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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
Total revenue $ 23,783 $ 36,186 $ 81,900 $ 104,319
Impairment loss on intangible assets 5,333 0 5,333 0
Depreciation and amortization 1,490 1,945 4,807 2,291
Total cost of sales 20,640 23,173 58,089 65,465
Gross profit 3,143 13,013 23,811 38,854
Operating expenses:        
Research and development expenses 2,409 2,805 7,038 8,284
Selling, general and administrative expenses 23,225 19,552 56,346 62,351
Impairment loss on intangible assets 6,373 349 6,373 349
Total operating expenses 32,007 22,706 69,757 70,984
Operating loss (28,864) (9,693) (45,946) (32,130)
Other income 983 1,222 3,299 5,367
Interest expense (157) (178) (492) (611)
Loss before income taxes (28,038) (8,649) (43,139) (27,374)
Provision for income taxes (17) (23) (51) (68)
Net loss $ (28,055) $ (8,672) $ (43,190) $ (27,442)
Net loss per share:        
Basic (in dollars per share) $ (0.39) $ (0.12) $ (0.60) $ (0.40)
Diluted (in dollars per share) $ (0.39) $ (0.12) $ (0.60) $ (0.40)
Weighted-average shares outstanding:        
Basic (in shares) 72,309 69,571 71,654 69,062
Diluted (in shares) 72,309 69,571 71,654 69,062
Service        
Total revenue $ 22,197 $ 34,385 $ 78,017 $ 94,866
Total cost of sales (excluding impairment loss, depreciation and amortization) 12,689 20,683 45,681 58,613
Product        
Total revenue 1,586 1,801 3,883 9,453
Total cost of sales (excluding impairment loss, depreciation and amortization) $ 1,128 $ 545 $ 2,268 $ 4,561