Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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
Revenues:        
Total revenues $ 32,123 $ 46,945 $ 56,896 $ 84,509
Cost of revenues:        
Total cost of revenues 25,390 28,117 39,816 53,612
Gross profit 6,733 18,828 17,080 30,897
Operating expenses:        
Research and development 13,416 16,720 27,607 33,241
Sales and marketing 5,310 9,010 10,992 18,340
General and administrative 5,746 11,089 13,411 22,247
Amortization of intangibles 284 189 568
Restructuring costs 3,023 3,283
Total operating expenses 27,495 37,103 55,482 74,396
Loss from operations (20,762) (18,275) (38,402) (43,499)
Interest expense, net (5,153) (4,207) (9,687) (8,775)
Loss on extinguishment of debt (8,281) (8,281)
Change in fair value of warrant liability and derivatives, net 588 3,479 1,230 3,936
Other income (expense), net (153) (2,126) 408 (2,632)
Loss before income taxes (33,761) (21,129) (54,732) (50,970)
Income tax benefit (expense), net 154 112 236 215
Net loss $ (33,607) $ (21,017) $ (54,496) $ (50,755)
Loss per share - basic $ (0.45) $ (0.29) $ (0.73) $ (0.70)
Loss per share - diluted $ (0.45) $ (0.29) $ (0.73) $ (0.70)
Weighted average shares outstanding - basic 74,582,992 72,335,952 74,528,668 72,335,952
Weighted average shares outstanding - diluted 74,582,992 72,335,952 74,528,668 72,335,952
Products And Software Licenses [Member]        
Revenues:        
Total revenues $ 28,855 $ 44,028 $ 49,788 $ 77,604
Cost of revenues:        
Total cost of revenues 23,998 26,864 37,292 51,337
Maintenance Warranty And Services [Member]        
Revenues:        
Total revenues 3,268 2,917 7,108 6,905
Cost of revenues:        
Total cost of revenues $ 1,392 $ 1,253 $ 2,524 $ 2,275