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

Consolidated Statements of Operations

v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
Revenue $ 110,451 $ 97,612
Cost of revenue 70,560 59,024
Gross profit 39,891 38,588
Operating expenses:    
Research and development 29,188 27,650
Sales and marketing 22,220 25,754
General and administrative 49,744 41,999
Loss on decommissioned satellite 3,447 747
Allowance for current expected credit loss on notes receivable 4,026 1,218
Total operating expenses 108,625 97,368
Loss from operations (68,734) (58,780)
Other income (expense):    
Interest income 1,547 2,332
Interest expense (20,358) (19,036)
Change in fair value of contingent earnout liability (1,235) 129
Change in fair value of warrant liabilities (5,254) (1,597)
Issuance of stock warrants (2,399) 0
Foreign exchange (loss) gain (4,314) 1,524
Other expense, net (1,912) (2,272)
Total other expense, net (33,925) (18,920)
Loss before income taxes (102,659) (77,700)
Income tax provision (benefit) 159 (142)
Net loss $ (102,818) $ (77,558)
Basic net loss per share $ (4.26) $ (3.96)
Diluted net loss per share $ (4.26) $ (3.96)
Weighted-average shares used in computing basic net loss per share 24,159,770 19,580,006
Weighted-average shares used in computing diluted net loss per share 24,159,770 19,580,006