Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Revenue $ 105,703 $ 80,268
Cost of revenue 42,434 40,327
Gross profit 63,269 39,941
Operating expenses    
Research and development 38,923 35,153
Sales and marketing 25,754 28,502
General and administrative 42,494 44,831
Loss on decommissioned satellite 747 549
Total operating expenses 107,918 109,035
Loss from operations (44,649) (69,094)
Other income (expense):    
Interest income 2,332 948
Interest expense (19,036) (13,955)
Change in fair value of contingent earnout liability 129 9,677
Change in fair value of warrant liabilities (1,597) 8,757
Loss on extinguishment of debt 0 (22,510)
Other expense, net (1,063) (2,912)
Total other expense, net (19,235) (19,995)
Loss before income taxes (63,884) (89,089)
Income tax provision 72 322
Net loss $ (63,956) $ (89,411)
Basic net loss per share [1] $ (3.27) $ (5.11)
Diluted net loss per share [1] $ (3.27) $ (5.11)
Weighted-average shares used in computing basic net loss per share [1] 19,580,006 17,484,927
Weighted-average shares used in computing diluted net loss per share [1] 19,580,006 17,484,927
[1] The shares of the Company's common stock and the per share amounts have been retroactively adjusted to reflect the 1-for-8 reverse stock split (Note 1).