Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Information  
Schedule of operations of the company's reportable segment

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

For the Three Months Ended June 30,

For the Six Months Ended June 30,

    

2025

2024

    

2025

2024

Net revenue

$

1,735

    

$

345

$

2,364

    

$

600

Cost of net revenue

 

1,700

334

2,260

 

672

Salaries, benefits, and stock based compensation expense

 

4,664

2,303

8,223

 

4,587

Other segment expenses

 

5,335

3,085

8,951

 

4,856

Depreciation and amortization expense

 

2,500

28

4,825

 

48

Interest (expense), net

 

(24,646)

(4)

(24,766)

 

(1,269)

Other (expense) income, net

 

(1)

(37,256)

(13)

 

(29,126)

Income tax expense

 

5

5

 

Net loss

$

(37,116)

$

(42,665)

$

(46,679)

$

(39,958)

Schedule of net revenue by geographic region

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30, 

(in thousands)

    

2025

    

2024

    

2025

    

2024

Asia Pacific

$

199

$

264

$

565

$

351

North America

1,477

26

1,615

115

Europe

 

59

 

55

 

184

 

134

Total

$

1,735

$

345

$

2,364

$

600