Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenue:    
Total revenue [1] $ 80,418 $ 55,195
Cost of revenue:    
Total cost of revenue 46,589 53,466
Gross profit 33,829 1,729
Operating expenses:    
Research and development 24,455 18,771
Sales and marketing 55,223 46,639
General and administrative 42,091 37,719
Loss from impairment of property and equipment 322 1,161
Total operating expenses 122,091 104,290
Loss from operations (88,262) (102,561)
Other income (expense), net:    
Interest expense (654) (712)
Interest income 6,227 3,165
Other expense, net (84) (64)
Loss on extinguishment of debt (626) 0
Change in fair value of contingent earn-out liability (14,901) 6,988
Change in fair value of contingently issuable common stock liability (3,138) 1,872
Change in fair value of public warrant liability (4,765) 4,906
Total other income (expense), net (17,941) 16,155
Loss before income taxes (106,203) (86,406)
Provision for income taxes (51) 0
Net loss $ (106,254) $ (86,406)
Weighted average common shares outstanding - basic (in shares) 149,168,105 143,858,668
Weighted average common shares outstanding - diluted (in shares) 149,168,105 143,858,668
Net loss per share - basic (in dollars per share) $ (0.71) $ (0.60)
Net loss per share - diluted (in dollars per share) $ (0.71) $ (0.60)
Net loss $ (106,254) $ (86,406)
Other comprehensive loss    
Cumulative translation adjustment (43) (10)
Total other comprehensive loss (43) (10)
Total comprehensive loss (106,297) (86,416)
Product revenue    
Revenue:    
Total revenue 21,977 31,985
Cost of revenue:    
Total cost of revenue 26,667 41,575
Subscription revenue    
Revenue:    
Total revenue 37,247 17,569
Cost of revenue:    
Total cost of revenue 14,991 7,469
Service revenue    
Revenue:    
Total revenue 16,141 4,331
Cost of revenue:    
Total cost of revenue 3,982 2,200
License fee and other revenue    
Revenue:    
Total revenue 5,053 1,310
Cost of revenue:    
Total cost of revenue $ 949 $ 2,222
[1] Includes related party revenue of $11.3 million and $13.5 million for the years ended December 31, 2023 and 2022, respectively.