Quarterly report [Sections 13 or 15(d)]

Business Acquisition (Tables)

v3.25.2
Business Acquisition (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination The following table presents the preliminary purchase price allocation as of June 30, 2025, which summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition. The purchase price allocation is preliminary and is subject to change during the measurement period, which is generally one year from the acquisition date.
(in thousands)
Assets
Current assets, including cash acquired of $541
 $ 1,607 
Property and equipment 4,963
Intangible assets:
In-process research and development
 3,500
Trade names and trademarks 1,200
Total intangible assets
 4,700
Other assets 1,525
Total assets
 $ 12,795 
Liabilities
Current liabilities $ 11,709 
Other liabilities 970
Total liabilities
 $ 12,679 
Business Combination, Pro Forma Information
Three Months Ended June 30, 2024 Six Months Ended June 30, 2024
(in thousands)
Pro forma revenue
 25,416  50,294 
Pro forma net loss
 (13,552) (33,199)