Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Total revenue [1] $ 19,825 $ 9,070 $ 38,406 $ 17,780
Cost of revenue:        
Total cost of revenue 12,412 8,517 26,228 16,330
Gross profit 7,413 553 12,178 1,450
Operating expenses:        
Research and development 6,395 4,156 11,784 8,331
Sales and marketing 13,613 11,751 26,417 21,423
General and administrative 10,874 9,612 19,800 20,429
Loss from impairment of property and equipment 157 316 294 412
Total operating expenses 31,039 25,835 58,295 50,595
Loss from operations (23,626) (25,282) (46,117) (49,145)
Other income (expense), net:        
Interest expense 0 (159) (654) (301)
Interest income 1,853 491 2,806 559
Other expense, net (22) 0 (3) 0
Loss on extinguishment of debt 0 0 (626) 0
Change in fair value of contingent earn-out liability (28,113) (569) (31,431) 2,509
Change in fair value of contingently issuable common stock liability (5,095) (24) (5,837) 1,448
Change in fair value of public warrant liability (11,751) (143) (13,501) 5,443
Total other income (expense), net (43,128) (404) (49,246) 9,658
Net loss $ (66,754) $ (25,686) $ (95,363) $ (39,487)
Weighted average common shares outstanding - basic (in shares) 148,882,160 143,552,032 147,664,534 143,220,268
Weighted average common shares outstanding - diluted (in shares) 148,882,160 143,552,032 147,664,534 143,220,268
Net loss per share - basic (in dollars per share) $ (0.45) $ (0.18) $ (0.65) $ (0.28)
Net loss per share - diluted (in dollars per share) $ (0.45) $ (0.18) $ (0.65) $ (0.28)
Net loss $ (66,754) $ (25,686) $ (95,363) $ (39,487)
Other comprehensive loss        
Cumulative translation adjustment (17) (10) (33) (10)
Total other comprehensive loss (17) (10) (33) (10)
Total comprehensive loss (66,771) (25,696) (95,396) (39,497)
Product revenue        
Revenue:        
Total revenue 7,243 4,146 15,997 9,340
Cost of revenue:        
Total cost of revenue 7,722 5,347 18,300 10,553
Subscription revenue        
Revenue:        
Total revenue 7,964 4,006 14,430 7,010
Cost of revenue:        
Total cost of revenue 3,406 1,981 5,757 3,523
Service revenue        
Revenue:        
Total revenue 4,618 918 7,979 1,430
Cost of revenue:        
Total cost of revenue $ 1,284 $ 1,189 $ 2,171 $ 2,254
[1] Includes related party revenue of $3.4 million and $2.2 million for the three months ended June 30, 2023 and 2022, respectively, and $7.0 million and $3.1 million for the six months ended June 30, 2023 and 2022, respectively.