Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenue $ 15,834 $ 23,876
Cost of revenue 9,529 15,164
Gross profit 6,305 8,712
Operating expenses:    
Research and development 8,699 8,659
Sales and marketing 3,146 5,531
General and administrative 18,126 17,650
Loss on decommissioned satellites and other assets write-offs 909 5,160
Total operating expenses 30,880 37,000
Loss from operations (24,575) (28,288)
Other (expense) income:    
Interest income 474 20
Interest expense 0 (5,730)
Change in fair value of contingent earnout liability 0 1,038
Change in fair value of warrant liabilities (120) 5,837
Foreign exchange (loss) gain (1,628) 3,826
Other income (expense), net 61 (224)
Total other (expense) income, net (1,213) 4,767
Loss before income taxes (25,788) (23,521)
Income tax provision (benefit) 55 (6)
Net loss $ (25,843) $ (23,515)
Basic and diluted net loss per share : Basic $ (0.78) $ (0.88)
Basic and diluted net loss per share: Diluted $ (0.78) $ (0.88)
Weighted-average shares used in computing basic and diluted net loss per share : Basic 33,269,650 26,787,097
Weighted-average shares used in computing basic and diluted net loss per share : Diluted 33,269,650 26,787,097