Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net revenue $ 91,990 $ 183,938 $ 187,259 $ 432,380
Cost of net revenue 41,804 81,065 87,805 189,200
Gross profit 50,186 102,873 99,454 243,180
Operating expenses:        
Research and development 56,541 70,657 121,307 137,948
Selling, general and administrative 33,600 33,717 70,088 72,370
Impairment losses 0 0 0 2,438
Restructuring charges 865 4,436 23,495 9,084
Total operating expenses 91,006 108,810 214,890 221,840
Income (loss) from operations (40,820) (5,937) (115,436) 21,340
Interest income 1,871 1,903 3,693 2,536
Interest expense (2,706) (2,591) (5,417) (5,078)
Other income (expense), net 329 1,865 1,763 1,541
Total other income (expense), net (506) 1,177 39 (1,001)
Income (loss) before income taxes (41,326) (4,760) (115,397) 20,339
Income tax provision (benefit) (2,060) (409) (3,822) 15,157
Net income (loss) $ (39,266) $ (4,351) $ (111,575) $ 5,182
Net income (loss) per share:        
Basic (in usd per share) $ (0.47) $ (0.05) $ (1.35) $ 0.06
Diluted (in usd per share) $ (0.47) $ (0.05) $ (1.35) $ 0.06
Shares used to compute net income (loss) per share:        
Basic (in shares) 83,477 80,446 82,913 79,961
Diluted (in shares) 83,477 80,446 82,913 81,520