v3.25.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Sales $ 12,103 $ 9,443 $ 23,708 $ 17,826
Cost of goods sold [1],[2] 10,631 8,092 20,775 15,689
Gross profit 1,472 1,351 2,933 2,137
Operating expenses:        
Research and development [1],[2] 6,485 4,519 13,462 8,006
Sales and marketing [1],[2] 2,392 2,096 4,506 3,881
General and administrative [1],[2] 8,045 8,600 16,149 14,413
Total operating expenses [1],[2] 16,922 15,215 34,117 26,300
Loss from operations (15,450) (13,864) (31,184) (24,163)
Other income (expense):        
Change in fair value of warrant liability (1,499) 1,096 (5,009) (3,084)
Interest expense, net (4,602) (12,500) (23,440) (22,108)
Other (expense) income (26) 1 381 38
Net loss (21,577) (25,267) (59,252) (49,317)
Less: Deemed dividend to preferred stockholders 0 0 403 0
Net loss attributable to common stockholders $ (21,577) $ (25,267) $ (59,655) $ (49,317)
Net loss applicable to common stockholders per basic common share:        
Basic (in dollars per share) $ (1.63) $ (3.00) $ (5.40) $ (5.89)
Diluted (in dollars per share) $ (1.63) $ (3.00) $ (5.40) $ (5.89)
Weighted average common shares outstanding:        
Basic (in shares) 13,270,197 8,411,226 11,051,720 8,368,596
Diluted (in shares) 13,270,197 8,411,226 11,051,720 8,368,596
[1] Amounts include depreciation and amortization as follows:
  Three Months Ended June 30, Six Months Ended June 30,
  2025 2024 2025 2024
Cost of goods sold
$ 2,050  $ 1,352  $ 3,963  $ 2,555 
Research and development
2,529  1,382  5,215  2,179 
General and administrative
1,277  1,155  2,558  2,383 
Total depreciation and amortization $ 5,856  $ 3,889  $ 11,736  $ 7,117 
[2] Amounts include stock-based compensation as follows:
  Three Months Ended June 30, Six Months Ended June 30,
  2025 2024 2025 2024
Cost of goods sold
$ 75  $ 39  $ 86  $ 60 
Research and development
145  71  161  164 
Sales and marketing 245  75  282  (125)
General and administrative
1,795  1,463  2,321  615 
Total stock-based compensation expense, net of amounts capitalized $ 2,260  $ 1,648  $ 2,850  $ 714 

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