Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 35,931 $ 19,206
Accounts receivable, net (including allowance of $245 and $148 as of March 31, 2025 and December 31, 2024, respectively) 10,172 11,926
Contract assets 2,221 785
Other current assets 3,570 3,278
Assets classified as held for sale 56,455 56,963
Total current assets 108,349 92,158
Property and equipment, net 63,166 63,338
Operating lease right-of-use assets 10,903 11,074
Goodwill 14,759 14,735
Other intangible assets 9,801 10,161
Other long-term assets 1,868 2,109
Total assets 208,846 193,575
Current liabilities    
Accounts payable 7,287 11,592
Long-term debt, current portion 100,075 93,936
Contract liabilities, current portion 25,523 22,037
Other accrued expenses 21,985 16,361
Liabilities associated with assets classified as held for sale 6,860 7,667
Total current liabilities 161,730 151,593
Contract liabilities, non-current 22,163 23,489
Warrant liability 9,054 13,641
Operating lease liabilities, net of current portion 9,055 9,598
Other long-term liabilities 1,289 6,941
Total liabilities 203,291 205,262
Commitments and contingencies (Note 10)
Stockholders' equity    
Common stock, $0.0001 par value, 1,000,000,000 Class A and 15,000,000 Class B shares authorized, 30,967,114 Class A and 1,507,325 Class B shares issued and outstanding at March 31, 2025; 25,711,165 Class A and 1,507,325 Class B shares issued and outstanding at December 31, 2024 3 3
Additional paid-in capital 576,758 536,184
Accumulated other comprehensive loss (12,445) (9,770)
Accumulated deficit (558,761) (538,104)
Total stockholders' equity (deficit) 5,555 (11,687)
Total liabilities and stockholders' equity $ 208,846 $ 193,575