Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net revenues $ 14,445 $ 14,393 $ 38,639 $ 48,157
Cost of revenues 12,661 9,994 31,738 36,675
Gross profit 1,784 4,399 6,901 11,482
Operating expenses:        
Research and development 5,492 3,389 13,826 10,581
Sales and marketing 3,087 2,884 7,456 8,611
General and administrative 2,961 2,477 7,602 7,644
Legal 967 1,768 4,276 5,359
Restructuring costs       1,087
Total operating expenses 12,507 10,518 33,160 33,282
Loss from operations (10,723) (6,119) (26,259) (21,800)
Interest expense   (182)   (803)
Other expense, net (126) (13) (419) (408)
Loss before income taxes (10,849) (6,314) (26,678) (23,011)
Income tax expense (90) (150) (227) (513)
Net loss $ (10,939) $ (6,464) $ (26,905) $ (23,524)
Net loss per share, basic and diluted* [1] $ (1.31) $ (0.98) $ (3.72) $ (5.96)
Weighted–average shares used in computing net loss per Share, basic and diluted* [1] 8,366,283 6,593,764 7,222,541 3,949,415
[1] Reflects the 1-for-10 reverse stock split that became effective on September 15, 2021. Refer to Note 1 – The Company and its Significant Accounting Policies for further information.