Apr. 19 at 6:15 AM
$CMBM (in thousands) 2023
2024
(Restated)
Statements of Operations Data:
Product $ 208,139 $ 157,805
Subscriptions and services 18,628 19,481
Total revenues 226,767 177,286
Cost of revenues:
Product 141,315 106,147
Subscriptions and services 8,613 8,208
Total cost of revenue 149,928 114,355
Gross profit:
Product 66,824 51,658
Subscriptions and services 10,015 11,273
Total gross profit 76,839 62,931
Operating expenses
Research and development 53,478 39,292
Sales and marketing 42,906 36,719
General and administrative 28,065 26,010
Depreciation and amortization 6,210 5,786
Impairment
—
25,535
Total operating expenses 130,659 133,342
Operating loss (53,820) (70,411)
Interest expense, net 2,521 5,843
Other expense, net 271 52
Loss before income taxes (56,612) (76,306)
Provision (benefit) for income taxes 17,468 (1,854)
Net loss
$ (74,080)
$ (74,452)
net loss over 70 mil again
