Quarterly report [Sections 13 or 15(d)]

Segment Reporting

v3.25.1
Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The following table presents segment revenue, gross profit, and net loss for the periods presented in thousands:
Three Months Ended March 31,
2025 2024
Net revenue $ 95,933  $ 95,269 
Cost of net revenue 42,102  46,001 
Gross profit 53,831  49,268 
Less:
Employee related 67,103  69,744 
Depreciation and amortization 4,463  4,360 
Design and prototype expenses 9,671  17,268 
Professional fees 6,511  5,054 
Occupancy expenses 4,298  4,828 
Restructuring expenses 7,879  22,630 
Interest and other (income) expense, net 2,908  (545)
Income tax expense (benefit) 711  (1,762)
Segment net loss $ (49,713) $ (72,309)