Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue $ 34,825 $ 23,217
Cost of revenue 25,596 13,369
Gross profit 9,229 9,848
Operating expenses:    
Research and development 6,037 7,318
Sales and marketing 5,118 6,850
General and administrative 9,844 11,823
Loss on decommissioned satellites 178 0
Allowance for current expected credit loss on notes receivable 40 0
Total operating expenses 21,217 25,991
Loss from operations (11,988) (16,143)
Other income (expense):    
Interest income 454 565
Interest expense (5,053) (4,578)
Change in fair value of contingent earnout liability (45) 76
Change in fair value of warrant liabilities (4,202) 746
Issuance of stock warrants (2,399) 0
Foreign exchange (loss) gain (1,786) 1,013
Other (expense) income, net (534) (311)
Total other income (expense), net (13,565) (2,489)
Loss before income taxes (25,553) (18,632)
Income tax (benefit) provision (9) 23
Net loss $ (25,544) $ (18,655)
Net loss per share, Basic [1] $ (1.17) $ (1.03)
Net loss per share, Diluted [1] $ (1.17) $ (1.03)
Weighted-average shares used in computing basic net loss per share 21,813,045 18,096,363
Weighted-average shares used in computing diluted net loss per share 21,813,045 18,096,363
[1] The shares of the Company's common stock and the per share amounts for the three months ended March 31, 2023 have been retroactively adjusted to reflect the 1-for-8 reverse stock split (Note 1)