Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Loss (Unaudited)

v3.23.3
Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Sales revenue $ 67,973 $ 90,672 $ 192,203 $ 247,365
Rental revenue 15,994 14,717 47,561 41,785
Total revenue 83,967 105,389 239,764 289,150
Cost of revenue        
Cost of sales revenue 42,708 55,891 118,700 146,052
Cost of rental revenue, including depreciation of $3,364 and $2,795, for the three months ended and $9,680 and $8,153 for the nine months ended, respectively 7,495 6,700 22,523 19,036
Total cost of revenue 50,203 62,591 141,223 165,088
Gross profit        
Gross profit-sales revenue 25,265 34,781 73,503 101,313
Gross profit-rental revenue 8,499 8,017 25,038 22,749
Total gross profit 33,764 42,798 98,541 124,062
Operating expense        
Research and development 4,489 4,581 14,126 16,009
Sales and marketing 26,091 33,734 81,438 92,161
General and administrative 17,011 14,775 50,487 42,646
Impairment charges 32,894   32,894  
Total operating expense 80,485 53,090 178,945 150,816
Loss from operations (46,721) (10,292) (80,404) (26,754)
Other income (expense)        
Interest income, net 1,801 868 4,972 1,122
Other (expense) income (398) (12) 176 (1,167)
Total other income (expense), net 1,403 856 5,148 (45)
Loss before provision for income taxes (45,318) (9,436) (75,256) (26,799)
Provision for income taxes 401 70 638 363
Net loss (45,719) (9,506) (75,894) (27,162)
Other comprehensive loss, net of tax        
Change in foreign currency translation adjustment (752) (616) (575) (1,453)
Change in net unrealized gains (losses) on foreign currency hedging 33 209 40 (1,669)
Less: reclassification adjustment for net losses included in net loss 13   13 1,206
Total net change in unrealized gains (losses) on foreign currency hedging 46 209 53 (463)
Change in net unrealized gains on marketable securities 49 17 182 16
Total other comprehensive loss, net of tax (657) (390) (340) (1,900)
Comprehensive loss $ (46,376) $ (9,896) $ (76,234) $ (29,062)
Basic net loss per share attributable to common stockholders (Note 7) $ (1.97) $ (0.42) $ (3.28) $ (1.19)
Diluted net loss per share attributable to common stockholders (Note 7) $ (1.97) $ (0.42) $ (3.28) $ (1.19)
Weighted average number of shares used in calculating net loss per share attributable to common stockholders:        
Basic common shares 23,231,217 22,882,333 23,129,795 22,827,733
Diluted common shares 23,231,217 22,882,333 23,129,795 22,827,733