Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.25.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 28,568 $ 22,126 $ 88,792 $ 73,408
Cost of revenue 15,843 12,640 55,927 41,254
Gross profit 12,725 9,486 32,865 32,154
Operating expenses:        
Research and development 5,631 7,931 19,185 22,904
Sales and marketing 5,655 6,993 15,941 20,572
General and administrative 12,303 11,223 32,156 33,764
Loss on decommissioned satellites 246 156 953 628
Allowance for current expected credit loss on notes receivable 2,609 0 2,689 0
Total operating expenses 26,444 26,303 70,924 77,868
Loss from operations (13,719) (16,817) (38,059) (45,714)
Other income (expense):        
Interest income 407 540 1,432 1,741
Interest expense (4,828) (4,728) (14,654) (14,015)
Change in fair value of contingent earnout liability 515 13 (717) 217
Change in fair value of warrant liabilities 854 (119) (1,109) 984
Issuance of stock warrants 0 0 (2,399) 0
Foreign exchange gain (loss) 4,872 (1,840) 2,573 (1,313)
Other expense, net (530) (387) (1,541) (1,828)
Total other income (expense), net 1,290 (6,521) (16,415) (14,214)
Loss before income taxes (12,429) (23,338) (54,474) (59,928)
Income tax provision (benefit) 44 (1) 102 436
Net loss $ (12,473) $ (23,337) $ (54,576) $ (60,364)
Net loss per share, Basic $ (0.5) $ (1.12) $ (2.3) $ (3.16)
Net loss per share, Diluted $ (0.5) $ (1.12) $ (2.3) $ (3.16)
Weighted-average shares used in computing basic net loss per share 24,921,585 20,756,394 23,745,015 19,117,078
Weighted-average shares used in computing diluted net loss per share 24,921,585 20,756,394 23,745,015 19,117,078