XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total product, rental, and service revenue $ 39,508 $ 40,533 $ 77,210 $ 76,752
Costs and operating expenses:        
General and administrative 15,402 11,652 30,241 23,182
Sales and marketing 6,318 5,415 12,789 10,306
Research and development 4,840 3,428 8,995 7,209
Intangible asset impairment charges 0 69,900 0 69,900
Intangible asset amortization 1,450 2,863 2,911 5,725
Acquisition costs 0 5 0 16
Change in fair value of contingent consideration (918) (2,361) (198) (5,695)
Total operating expenses 54,788 117,096 106,097 161,283
Operating loss (15,280) (76,563) (28,887) (84,531)
Other income (expense):        
Gain on settlement of Global Cooling escrow 5,115 0 5,115 0
Interest expense (419) (32) (829) (216)
Other income (expense) 390 (22) 785 110
Total other income (expense), net 5,086 (54) 5,071 (106)
Loss before income tax (expense) benefit (10,194) (76,617) (23,816) (84,637)
Income tax (expense) benefit (5) 3,739 (97) 4,338
Net loss (10,199) (72,878) (23,913) (80,299)
Net loss attributable to common shareholders:        
Net loss attributable to common shareholders, basic (10,199) (72,878) (23,913) (80,299)
Net loss attributable to common shareholders, diluted $ (10,199) $ (72,878) $ (23,913) $ (80,299)
Net loss per share attributable to common shareholders:        
Net loss per share attributable to common shareholders, basic (in dollars per share) $ (0.23) $ (1.72) $ (0.55) $ (1.90)
Net loss per share attributable to common shareholders, diluted (in dollars per share) $ (0.23) $ (1.72) $ (0.55) $ (1.90)
Weighted average shares used to compute loss per share attributable to common shareholders:        
Weighted average shares used to compute loss per share attributable to common shareholders, basic (in shares) 43,441,219 42,460,189 43,235,558 42,238,355
Weighted average shares used to compute loss per share attributable to common shareholders, diluted (in shares) 43,441,219 42,460,189 43,235,558 42,238,355
Product revenue        
Total product, rental, and service revenue $ 33,037 $ 34,170 $ 64,630 $ 64,558
Costs and operating expenses:        
Cost of goods and services sold (exclusive of intangible assets amortization) 21,961 21,561 40,357 41,501
Service revenue        
Total product, rental, and service revenue 4,195 3,698 8,665 6,787
Costs and operating expenses:        
Cost of goods and services sold (exclusive of intangible assets amortization) 4,038 2,968 7,929 5,557
Rental revenue        
Total product, rental, and service revenue 2,276 2,665 3,915 5,407
Costs and operating expenses:        
Cost of goods and services sold (exclusive of intangible assets amortization) $ 1,697 $ 1,665 $ 3,073 $ 3,582