Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues:    
Total revenues $ 77,568 $ 167,259
Cost of revenues:    
Total cost of revenues 58,115 100,819
Gross profit 19,453 66,440
Operating expenses:    
Research and development 44,971 61,377
Sales and marketing 18,262 30,587
General and administrative 21,688 40,070
Amortization of intangibles 189 1,136
Restructuring costs 5,316 1,279
Total operating expenses 90,426 134,449
Loss from operations (70,973) (68,009)
Interest expense, net (30,722) (20,394)
Change in fair value of warrant liability and derivatives, net 2,090 7,085
Loss on extinguishment of debt (8,281)
Gain on sale of subsidiary 28,414
Other income (expense), net 91 (4,261)
Loss before income taxes (79,381) (85,579)
Income tax benefit 496 197
Net loss $ (78,885) $ (85,382)
Loss per share - basic and diluted $ (1.06) $ (1.17)
Weighted average shares outstanding - basic and diluted 74,575,810 72,782,773
Products And Software Licenses [Member]    
Revenues:    
Total revenues $ 64,085 $ 148,922
Cost of revenues:    
Total cost of revenues 53,404 95,335
Maintenance Warranty And Services [Member]    
Revenues:    
Total revenues 13,483 18,337
Cost of revenues:    
Total cost of revenues $ 4,711 $ 5,484