v3.23.3
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total revenues $ 56,157 $ 60,464 $ 175,995 $ 176,919
Total cost of revenues 31,891 34,047 99,924 99,323
Gross margin 24,266 26,417 76,071 77,596
Operating costs and expenses:        
Selling, general and administrative 36,023 30,235 108,066 87,420
Engineering and development 5,152 3,985 13,291 11,045
Total operating costs and expenses 41,175 34,220 121,357 98,465
Loss from operations (16,909) (7,803) (45,286) (20,869)
Other income (expense):        
Investment income 2,848 2,485 7,962 5,797
Interest expense (1,357) (1,609) (4,197) (4,686)
Gain on extinguishment of debt, net 5,679   5,679  
Other income (expense), net (3,059) 1,668 242 (7,377)
Total other income (expense), net 4,111 2,544 9,686 (6,266)
Loss before provision for income taxes (12,798) (5,259) (35,600) (27,135)
Provision for income taxes (471) (57) (1,598) (762)
Net loss (13,269) (5,316) (37,198) (27,897)
Paid-in-kind dividend on Series C convertible preferred stock (2,000) (2,000) (6,000) (6,000)
Net loss attributable to common stockholders $ (15,269) $ (7,316) $ (43,198) $ (33,897)
Net loss per share - basic (in dollar per share) $ (0.31) $ (0.15) $ (0.89) $ (0.69)
Net loss per share - diluted (in dollar per share) $ (0.31) $ (0.15) $ (0.89) $ (0.69)
Weighted average shares outstanding - basic (in shares) 48,904,102 48,520,696 48,660,646 49,148,558
Weighted average shares outstanding - diluted (in shares) 48,904,102 48,520,696 48,660,646 49,148,558
Service        
Total revenues $ 36,022 $ 33,296 $ 107,062 $ 100,791
Total cost of revenues 20,803 18,913 59,887 56,742
Product        
Total revenues 20,135 27,168 68,933 76,128
Total cost of revenues $ 11,088 $ 15,134 $ 40,037 $ 42,581

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