v3.23.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 14,259 $ 41,094 $ 71,155 $ 125,603
Cost of revenues:        
Total cost of revenues 9,028 24,758 48,844 78,370
Gross profit 5,231 16,336 22,311 47,233
Operating expenses:        
Research and development 9,294 15,003 36,901 48,244
Sales and marketing 4,896 7,219 15,888 25,559
General and administrative 1,932 9,644 15,343 31,891
Amortization of intangibles 284 189 852
Restructuring costs 944 3,283 944
Total operating expenses 16,122 33,094 71,604 107,490
Loss from operations (10,891) (16,758) (49,293) (60,257)
Interest expense, net (9,944) (4,296) (19,631) (13,071)
Loss on extinguishment of debt (8,281)
Change in fair value of warrant liability and derivatives, net 1,913 (920) 3,143 3,016
Gain on sale of Mimosa business 28,631 28,631
Other income (expense), net 122 (1,177) 530 (3,809)
Income (loss) before income taxes 9,831 (23,151) (44,901) (74,121)
Income tax benefit (expense), net 57 (163) 293 52
Net income (loss) $ 9,888 $ (23,314) $ (44,608) $ (74,069)
Income (loss) per share - basic $ 0.13 $ (0.32) $ (0.60) $ (1.02)
Income (loss) per share - diluted $ 0.12 $ (0.32) $ (0.60) $ (1.02)
Weighted average shares outstanding - basic 74,605,474 72,572,138 74,554,552 72,415,546
Weighted average shares outstanding - diluted 80,141,678 72,572,138 74,554,552 72,415,546
Products And Software Licenses [Member]        
Revenues:        
Total revenues $ 11,335 $ 36,521 $ 61,120 $ 114,128
Cost of revenues:        
Total cost of revenues 8,153 23,462 45,443 74,747
Maintenance Warranty And Services [Member]        
Revenues:        
Total revenues 2,924 4,573 10,035 11,475
Cost of revenues:        
Total cost of revenues $ 875 $ 1,296 $ 3,401 $ 3,623

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