Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
Net revenues $ 50,919 $ 93,632
Related party net revenues 7,379
Total net revenues 58,298 93,632
Cost of revenues 48,378 74,308
Gross profit 9,920 19,324
Operating expenses    
Research and development 14,235 1,772
Sales and marketing 12,962 8,768
General and administrative 12,384 8,271
Impairment of contract fulfillment assets 3,464
Restructuring charges 514
Total operating expenses 43,559 18,811
Net income (loss) from operations (33,639) 513
Interest expense, net (29) (15)
Other income (expense), net 246 (214)
Net income (loss) before income taxes (33,422) 284
Income tax expense (226) (374)
Net loss $ (33,648) $ (90)
Net loss per share:    
Basic [1] $ (7.13) $ (0.02)
Diluted [1] $ (7.13) $ (0.02)
Weighted-average shares used in computing net loss per share:    
Basic [1] 4,718,141 4,287,694
Diluted [1] 4,718,141 4,287,694
[1] Adjusted retroactively to reflect the 1-for-10 reverse stock split that became effective on July 17, 2024, see Note 1.