Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.25.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Net revenue $ 95,933 $ 95,269
Cost of net revenue 42,102 46,001
Gross profit 53,831 49,268
Operating expenses:    
Research and development 55,457 64,766
Selling, general and administrative 36,589 36,488
Restructuring charges 7,879 22,630
Total operating expenses 99,925 123,884
Loss from operations (46,094) (74,616)
Interest income 864 1,822
Interest expense (2,504) (2,711)
Other income (expense), net (1,268) 1,434
Total other income (expense), net (2,908) 545
Loss before income taxes (49,002) (74,071)
Income tax provision (benefit) 711 (1,762)
Net loss $ (49,713) $ (72,309)
Net loss per share:    
Basic (in usd per share) $ (0.58) $ (0.88)
Diluted (in usd per share) $ (0.58) $ (0.88)
Shares used to compute net loss per share:    
Basic (in shares) 85,271 82,349
Diluted (in shares) 85,271 82,349