Quarterly report [Sections 13 or 15(d)]

Restatement of Previously Issued Financial Statements - Schedule of Unaudited Condensed Consolidated Balance Sheet (Details)

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Restatement of Previously Issued Financial Statements - Schedule of Unaudited Condensed Consolidated Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents $ 51,731 $ 29,136    
Contract assets 4,987 4,718    
Other current assets 9,125 16,848    
Total current assets 90,192 72,339    
Property and equipment, net 59,600 60,446    
Other long-term assets, including restricted cash 7,701 8,380    
Total assets 252,329 239,264    
Contract liabilities, current portion 22,230 31,178    
Other accrued expenses 11,125 8,326    
Total current liabilities 41,371 49,345    
Contract liabilities, non-current 19,259 17,923    
Deferred income tax liabilities 795 804    
Other long-term liabilities 8 8    
Total liabilities 199,874 201,480    
Accumulated other comprehensive loss (6,118) (4,556)    
Accumulated deficit (460,830) (435,286)    
Total stockholders equity 52,455 37,784 $ 73,838 $ 91,131
Total liabilities and stockholders equity 252,329 $ 239,264    
As Previously Reported [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents [1] 51,985      
Contract assets [2] 5,205      
Other current assets [3] 12,241      
Total current assets 93,780      
Property and equipment, net [4] 71,853      
Other long-term assets, including restricted cash [5] 7,503      
Total assets 267,972      
Contract liabilities, current portion [6] 22,617      
Other accrued expenses [7] 11,309      
Total current liabilities 41,942      
Contract liabilities, non-current [8] 0      
Deferred income tax liabilities [9] 1,058      
Other long-term liabilities [10] 1,221      
Total liabilities 182,662      
Accumulated other comprehensive loss [11] (6,234)      
Accumulated deficit [12] (427,859)      
Total stockholders equity 85,310      
Total liabilities and stockholders equity 267,972      
Restatement Adjustments [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents [1] (254)      
Contract assets [2] (218)      
Other current assets [3] (3,116)      
Total current assets (3,588)      
Property and equipment, net [4] (12,253)      
Other long-term assets, including restricted cash [5] 198      
Total assets (15,643)      
Contract liabilities, current portion [6] (387)      
Other accrued expenses [7] (184)      
Total current liabilities (571)      
Contract liabilities, non-current [8] 19,259      
Deferred income tax liabilities [9] (263)      
Other long-term liabilities [10] (1,213)      
Total liabilities 17,212      
Accumulated other comprehensive loss [11] 116      
Accumulated deficit [12] (32,971)      
Total stockholders equity (32,855)      
Total liabilities and stockholders equity (15,643)      
As Restated [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents [1] 51,731      
Contract assets [2] 4,987      
Other current assets [3] 9,125      
Total current assets 90,192      
Property and equipment, net [4] 59,600      
Other long-term assets, including restricted cash [5] 7,701      
Total assets 252,329      
Contract liabilities, current portion [6] 22,230      
Other accrued expenses [7] 11,125      
Total current liabilities 41,371      
Contract liabilities, non-current [8] 19,259      
Deferred income tax liabilities [9] 795      
Other long-term liabilities [10] 8      
Total liabilities 199,874      
Accumulated other comprehensive loss [11] (6,118)      
Accumulated deficit [12] (460,830)      
Total stockholders equity 52,455      
Total liabilities and stockholders equity $ 252,329      
[1] The $254 decrease in cash and cash equivalents as of March 31, 2024, is related to the cash remeasurement adjustment for cash balances from certain foreign subsidiaries.
[2] The $218 decrease in contract assets as of March 31, 2024, is related to adjustments to correct revenue recognition for Space Services and R&D Services Contracts.
[3] The $3,116 decrease in other current assets as of March 31, 2024, resulted from a decrease of $1,858 related to advances for fixed assets that have been reclassified from other current assets to other property and equipment and a decrease of $1,258 related to the allowance for current expected credit loss related to the note receivable issued to a customer recorded in other current assets.
[4] The $12,253 decrease in property and equipment as of March 31, 2024, resulted from a decrease of $14,111 related to costs for customer-controlled satellites for one specific contract being expensed as cost of revenue rather than capitalized into property and equipment, partially offset by $1,858 of advances for fixed assets that have been reclassified from other current assets to property and equipment instead of other current assets.
[5] The $198 increase in other long-term assets, including restricted cash as of March 31, 2024, is related to adjustments to long-term contract assets to correct revenue recognition for Space Services and R&D Services Contracts.
[6] The $387 decrease in contract liabilities, current portion as of March 31, 2024 is related to the correction of revenue recognition for Space Services and R&D Services Contracts.
[7] The $184 decrease in other accrued expenses as of March 31, 2024 resulted from a decrease of $182 related to a customer deposit balance reclassified from other accrued expense to contract liabilities, non-current, and a decrease of $52 from income tax provision change as a result of the revenue adjustments, partially offset by $50 Delaware franchise tax accrual.
[8] The $19,259 increase in contract liabilities, non-current as of March 31, 2024 resulted from an increase of $17,864 related to the correction of revenue recognition for Space Services and R&D Services Contracts, an increase of $1,213 from the historical balance of contract liabilities, non-current that was included within other long-term liabilities but now presented in its own line and an increase of $182 from a customer deposit balance reclassified to contract liabilities, non-current.
[9] The $263 decrease in deferred income tax liabilities as of March 31, 2024, is related to the impact to income tax provision as a result of the revenue adjustments.
[10] The $1,213 decrease in other long-term liabilities as of March 31, 2024 represents the contract liabilities, non-current balance that was historically included in other long-term liabilities but is now presented in its own line.
[11] The $116 decrease in accumulated other comprehensive loss as of March 31, 2024, is related to the misstatements’ impact on cumulative foreign currency translation loss.
[12] The $32,971 increase in accumulated deficit as of March 31, 2024, is related to the cumulative adjustments made in the condensed consolidated statements of operations.