Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Total revenues $ 167,259 $ 177,283
Cost of revenues:    
Total cost of revenues 100,819 99,312
Gross profit 66,440 77,971
Operating expenses:    
Research and development 61,377 63,350
Sales and marketing 30,587 33,839
General and administrative 40,070 40,878
Amortization of intangibles 1,136 1,191
Restructuring costs 1,279
Total operating expenses 134,449 139,258
Loss from operations (68,009) (61,287)
Interest expense, net (20,394) (12,813)
Change in fair value of warrant liability and derivatives, net 7,085 4,116
Gain on extinguishment of debt 2,096
Other expense, net (4,261) (3,328)
Loss before income taxes (85,579) (71,216)
Income tax benefit 197 690
Net loss $ (85,382) $ (70,526)
Loss per share - basic and diluted $ (1.17) $ (1.09)
Weighted average shares outstanding - basic and diluted 72,782,773 64,509,718
Products And Software Licenses [Member]    
Revenues:    
Total revenues $ 148,922 $ 151,172
Cost of revenues:    
Total cost of revenues 95,335 95,442
Maintenance Warranty And Services [Member]    
Revenues:    
Total revenues 18,337 26,111
Cost of revenues:    
Total cost of revenues $ 5,484 $ 3,870