Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.25.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Information  
Schedule of operations of the company's reportable segment

12.Segment Information continued

The following table reflects results of operations of the Company’s reportable segment (in thousands):

For the Three Months Ended September 30, 

For the Nine Months Ended September 30, 

    

2025

2024

    

2025

2024

Net revenue

2,904

    

1,172

5,268

    

1,772

Cost of net revenue

 

2,809

946

5,069

 

1,618

Salaries, benefits, and stock based compensation expense

 

6,362

2,554

14,585

 

7,142

Other segment expenses

 

5,734

2,904

14,679

 

7,759

Depreciation and amortization expense

 

2,755

11

7,581

 

59

Interest (expense), net

 

(864)

9

(18,186)

 

(1,260)

Other (expense) income, net

 

(17,366)

142

(24,818)

 

(28,984)

Income tax expense

 

0

5

 

Net loss

$

(32,976)

$

(5,092)

$

(79,655)

$

(45,050)

Schedule of net revenue by geographic region

For the Three Months Ended

For the Nine Months Ended

September 30, 

September 30, 

(in thousands)

    

2025

    

2024

    

2025

    

2024

Asia Pacific

$

608

$

877

$

1,173

$

1,229

North America

2,279

161

3,893

275

Europe

 

17

 

134

 

202

 

268

Total

$

2,904

$

1,172

$

5,268

$

1,772