v3.25.3
Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Total
Dragonfly Note Conversion
Common Class A
Preferred Stock
Common Stock
Common Stock
Common Class A
Additional Paid-in Capital
Additional Paid-in Capital
Dragonfly Note Conversion
Additional Paid-in Capital
Common Class A
Accumulated Other Comprehensive Loss
Accumulated Deficit
Beginning Balance at Dec. 31, 2023 $ 43,459       $ 1   $ 860,496     $ (622) $ (816,416)
Balance, shares at Dec. 31, 2023         10,830,896            
Issuance of Class A common stock upon vesting of restricted share units, shares           72,278          
Issuance of Class A common stock upon exercise of employee stock purchase plan     $ 196           $ 196    
Issuance of Class A common stock upon exercise of employee stock purchase plan, shares           16,860          
Stock-based compensation expense 6,175           6,175        
Withholding taxes on net share settlement of stock-based compensation and option exercises 76           76        
Change in fair value of debt instruments (Note 15) 5,707                 5,707  
Net (loss) income 50,599                   50,599
Foreign currency translation gain (loss) (116)                 (116)  
Ending Balance at Mar. 31, 2024 106,096       $ 1   866,943     4,969 (765,817)
Balance, share at Mar. 31, 2024         10,920,034            
Beginning Balance at Dec. 31, 2023 43,459       $ 1   860,496     (622) (816,416)
Balance, shares at Dec. 31, 2023         10,830,896            
Net (loss) income 22,900                    
Ending Balance at Sep. 30, 2024 98,517       $ 1   885,885     6,147 (793,516)
Balance, share at Sep. 30, 2024         11,739,583            
Beginning Balance at Mar. 31, 2024 106,096       $ 1   866,943     4,969 (765,817)
Balance, shares at Mar. 31, 2024         10,920,034            
Issuance of Class A common stock upon vesting of restricted share units, value     1       1        
Issuance of Class A common stock upon vesting of restricted share units, shares           107,686          
Note conversion 9,967           9,967        
Note conversion, shares         571,009            
Stock-based compensation expense 3,529           3,529        
Withholding taxes on net share settlement of stock-based compensation and option exercises 8           8        
Net (loss) income (12,764)                   (12,764)
Foreign currency translation gain (loss) 55                 55  
Ending Balance at Jun. 30, 2024 106,892       $ 1   880,448     5,024 (778,581)
Balance, share at Jun. 30, 2024         11,598,729            
Issuance of Class A common stock upon vesting of restricted share units, shares           49,798          
Issuance of Class A common stock upon exercise of employee stock purchase plan     275           275    
Issuance of Class A common stock upon exercise of employee stock purchase plan, shares           25,628          
Issuance of Class A common stock upon exercise of stock options     $ 3           3    
Shares issued to satisfy interest on Prior GPO Convertible Note 967           967        
Shares issued to satisfy interest on Prior GPO Convertible Note, shares         65,428            
Stock-based compensation expense 4,181           4,181        
Withholding taxes on net share settlement of stock-based compensation and option exercises 11           11        
Net (loss) income (14,935)                   (14,935)
Foreign currency translation gain (loss) 1,123                 1,123  
Ending Balance at Sep. 30, 2024 98,517       $ 1   885,885     6,147 (793,516)
Balance, share at Sep. 30, 2024         11,739,583            
Balance at Sep. 30, 2025 0                    
Balance, shares at Sep. 30, 2025     0                
Ending Balance at Sep. 30, 2025 75,498       $ 1   924,524     248 (849,275)
Balance, share at Sep. 30, 2025         14,702,486            
Beginning Balance at Dec. 31, 2024 97,831       $ 1   899,943     4,786 (806,899)
Balance, shares at Dec. 31, 2024         12,590,442            
Issuance of Class A common stock upon vesting of restricted share units, shares           74,041          
Issuance of Class A common stock upon employee stock purchase plan and exercise of stock options, shares           13,703          
Issuance of Class A common stock upon employee stock purchase plan and exercise of stock options     $ 148           148    
Note conversion   $ 73           $ 73      
Note conversion, shares         62,143            
Prior GPO Convertible Note interest conversion, shares         5,613            
Prior GPO Convertible Note interest conversion 946           946        
Era Note (Note 8)       $ 2,719              
Era Note (Note 8), shares       216,338              
Era Note, shares         (100,334)            
Brokerage shares issued 315           315        
Brokerage shares issued, shares         25,000            
Stock-based compensation expense 3,375           3,375        
Withholding taxes on net share settlement of stock-based compensation and option exercises (42)           (42)        
Net (loss) income (4,250)                   (4,250)
Foreign currency translation gain (loss) 301                 301  
Balance at Mar. 31, 2025       $ 2,719              
Balance, shares at Mar. 31, 2025       216,338              
Ending Balance at Mar. 31, 2025 98,697       $ 1   904,758     5,087 (811,149)
Balance, share at Mar. 31, 2025         12,670,608            
Beginning Balance at Dec. 31, 2024 97,831       $ 1   899,943     4,786 (806,899)
Balance, shares at Dec. 31, 2024         12,590,442            
Net (loss) income (42,376)                    
Balance at Sep. 30, 2025 0                    
Balance, shares at Sep. 30, 2025     0                
Ending Balance at Sep. 30, 2025 75,498       $ 1   924,524     248 (849,275)
Balance, share at Sep. 30, 2025         14,702,486            
Beginning Balance at Mar. 31, 2025 98,697       $ 1   904,758     5,087 (811,149)
Balance at Mar. 31, 2025       $ 2,719              
Balance, shares at Mar. 31, 2025         12,670,608            
Balance, shares at Mar. 31, 2025       216,338              
Issuance of Class A common stock upon vesting of restricted share units, shares           200,702          
Note conversion 4,782           4,782        
Note conversion, shares         599,428            
Prior GPO Convertible Note interest conversion, shares         140,975            
Prior GPO Convertible Note interest conversion 956           956        
Stock-based compensation expense 3,965           3,965        
Withholding taxes on net share settlement of stock-based compensation and option exercises (84)           (84)        
Net (loss) income (13,271)                   (13,271)
Foreign currency translation gain (loss) 50                 50  
Balance at Jun. 30, 2025       $ 2,719              
Balance, shares at Jun. 30, 2025       216,338              
Ending Balance at Jun. 30, 2025 95,095       $ 1   914,377     5,137 (824,420)
Balance, share at Jun. 30, 2025         13,611,713            
Issuance of Class A common stock upon vesting of restricted share units, shares           96,544          
Issuance of Class A common stock upon exercise of employee stock purchase plan     $ 128           $ 128    
Issuance of Class A common stock upon exercise of employee stock purchase plan, shares           23,698          
Note conversion 3,939           3,939        
Note conversion, shares         449,991            
Prior GPO Convertible Note extinguishment (Note 8) (4,443)                 (4,443)  
Era Note (Note 8)       $ (312)              
Era Note (Note 8), shares       (33,758)              
Era Note 364           364        
Era Note, shares         42,218            
Era Note Share Return (Note 8)       $ (2,407)              
Era Note Share Return (Note 8), shares     182,580 (182,580)              
Convertible Debenture 2,186           2,186        
Convertible Debenture, shares         478,322            
Dragonfly change in fair value (1,113)                 (1,113)  
Stock-based compensation expense 3,635           3,635        
Withholding taxes on net share settlement of stock-based compensation and option exercises (105)           (105)        
Net (loss) income (24,855)                   (24,855)
Foreign currency translation gain (loss) 667                 667  
Balance at Sep. 30, 2025 0                    
Balance, shares at Sep. 30, 2025     0                
Ending Balance at Sep. 30, 2025 $ 75,498       $ 1   $ 924,524     $ 248 $ (849,275)
Balance, share at Sep. 30, 2025         14,702,486