Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Revenue $ 97,612 $ 70,767
Cost of revenue 59,024 53,626
Gross profit 38,588 17,141
Operating expenses:    
Research and development 27,650 22,073
Sales and marketing 25,754 28,502
General and administrative 41,999 44,892
Loss on decommissioned satellite 747 549
Allowance for current expected credit loss on notes receivable 1,218 0
Total operating expenses 97,368 96,016
Loss from operations (58,780) (78,875)
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 (748) (2,769)
Total other expense, net (18,920) (19,852)
Loss before income taxes (77,700) (98,727)
Income tax provision (142) 285
Net loss $ (77,558) $ (99,012)
Basic net loss per share [1] $ (3.96) $ (5.66)
Diluted net loss per share [1] $ (3.96) $ (5.66)
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).