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LTCH • CIK 0001826000
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Operating Income (Loss) | $-110,268 | $-59,414 | $-52,721 | $-46,871 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $-107,510 | $-57,594 | $-53,747 | $-47,486 |
| Income Tax Expense (Benefit) | $30 | $2 | $0 | $0 |
| Net Income (Loss) Attributable to Parent | $-107,540 | $-57,596 | $-53,747 | $-47,486 |
| Revenue from Contract with Customer, Excluding Assessed Tax | $44,961 | $56,630 | $70,117 | $66,605 |
| Cost of Revenue | $32,636 | $31,636 | $43,267 | $42,455 |
| Research and Development Expense | $33,787 | $17,318 | $18,338 | $16,101 |
| Selling and Marketing Expense | $15,394 | $12,568 | $15,326 | $15,677 |
| General and Administrative Expense | $66,211 | $44,471 | $24,030 | $21,083 |
| Depreciation, Depletion and Amortization | $7,201 | $7,202 | $5,277 | $4,463 |
| Goodwill, Impairment Loss | — | $0 | $16,600 | $16,600 |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $2,849 | $0 | $0 |
| Operating Expenses | $122,593 | $84,408 | $79,571 | $73,924 |
| Fair Value Adjustment of Warrants | $-230 | $-159 | $-18 | $-64 |
| Interest Income (Expense), Nonoperating, Net | $2,309 | $1,416 | $-1,113 | $-1,208 |
| Other Nonoperating Income (Expense) | $219 | $245 | $69 | $-116 |
| Nonoperating Income (Expense) | $2,758 | $1,820 | $-1,026 | $-615 |
| OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax | $1,515 | $-35 | $-12 | $0 |
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent | $-7 | $8 | $30 | $85 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $-106,032 | $-57,623 | $-53,729 | $-47,401 |
| Weighted Average Number of Shares Outstanding, Basic | 159,146,081 | 156,652,301 | 160,400,816 | 161,005,182 |
| Weighted Average Number Diluted Shares Outstanding Adjustment | 0 | 0 | 0 | 0 |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 33,975,423 | 47,699,027 | 41,812,336 | 18,871,181 |
| Share-based Payment Arrangement, Expense | $18,171 | $-580 | $551 | $1,021 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | $94,675 | $70,203 | $34,620 | $19,056 |
| Debt Securities, Available-for-sale, Current | $84,861 | $5,187 | $0 | $1,794 |
| Property, Plant and Equipment, Net | $1,465 | $1,073 | $835 | $775 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $6,001 | $9,864 | $7,960 | $7,778 |
| Capitalized Computer Software, Net | $9,757 | $10,748 | $8,382 | $8,121 |
| Inventory, Net | $16,559 | $14,376 | $15,258 | $12,099 |
| Inventory, Noncurrent | $10,143 | $16,082 | $12,080 | $11,623 |
| Prepaid Expense and Other Assets, Current | $34,757 | $30,523 | $7,098 | $7,096 |
| Goodwill | $25,322 | $30,205 | $13,605 | $13,605 |
| Assets, Current | $236,853 | $130,153 | $64,936 | $47,823 |
| Intangible Assets, Net (Excluding Goodwill) | $4,791 | $2,584 | $2,297 | $1,875 |
| Other Assets, Noncurrent | $6,101 | $5,579 | $4,667 | $9,625 |
| Assets | $294,432 | $196,424 | $106,802 | $93,447 |
| Contract with Customer, Liability, Noncurrent | $28,742 | $21,282 | $15,138 | $12,898 |
| Long-term Debt, Excluding Current Maturities | — | $4,515 | $3,330 | $4,361 |
| Other Liabilities, Noncurrent | $2,215 | $2,251 | $2,077 | $2,012 |
| Liabilities | $125,295 | $85,241 | $48,791 | $47,677 |
| Accounts Payable, Current | $3,642 | $7,821 | $4,447 | $5,659 |
| Long-term Debt, Current Maturities | — | $1,314 | $1,314 | $0 |
| Accrued Liabilities, Current | $54,966 | $35,066 | $10,458 | $10,621 |
| Contract with Customer, Liability, Current | $10,837 | $11,900 | $11,237 | $11,275 |
| Other Liabilities, Current | $2,893 | $1,092 | $790 | $851 |
| Liabilities, Current | $94,338 | $57,193 | $28,246 | $28,406 |
| Common Stock, Value, Issued | $19 | $19 | $19 | $19 |
| Treasury Stock, Value | — | $1 | $1 | $1 |
| Additional Paid in Capital | $770,196 | $769,866 | $770,423 | $770,980 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $48 | $21 | $39 | $79 |
| Retained Earnings (Accumulated Deficit) | $-601,126 | $-658,722 | $-712,469 | $-725,307 |
| Stockholders' Equity Attributable to Parent | $169,137 | $111,183 | $58,011 | $45,770 |
| Common Stock, Shares Authorized | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 |
| Common Stock, Shares, Issued | 175,462,145 | 164,087,277 | 163,519,801 | 164,860,955 |
| Operating Lease, Right-of-Use Asset | $2,796 | $2,779 | $2,323 | $2,323 |
| Operating Lease, Liability | $2,754 | $2,894 | $2,454 | $2,454 |
| Operating Lease, Cost | $369 | $814 | $415 | $415 |
| Short-term Lease, Cost | $282 | $254 | $0 | $0 |
| Operating Lease, Payments | $514 | $656 | $395 | $395 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss) Attributable to Parent | $-107,540 | $-57,596 | $-53,747 | $-47,486 |
| Net Cash Provided by (Used in) Operating Activities | $-65,586 | $-75,406 | $-35,893 | $-21,045 |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | — | $48 | $-153 | $-153 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $-15,153 | $-24,472 | $-35,583 | $-22,403 |
| Depreciation, Depletion and Amortization | $7,201 | $7,202 | $5,277 | $4,463 |
| Payments to Acquire Debt Securities, Available-for-sale | $127,179 | $20,293 | $6,656 | $2,357 |
| Accretion (Amortization) of Discounts and Premiums, Investments | $2,514 | $1,196 | $161 | $91 |
| Proceeds from Sale and Maturity of Debt Securities, Available-for-sale | $171,416 | $101,036 | $12,001 | $4,271 |
| Fair Value Adjustment of Warrants | $-230 | $-159 | $-18 | $-64 |
| Payments to Acquire Businesses, Net of Cash Acquired | $-8,085 | $950 | $0 | $0 |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | $0 | $-1 | $0 | $0 |
| Payments to Acquire Property, Plant, and Equipment | $327 | $766 | $79 | $8 |
| Marketable Securities, Unrealized Gain (Loss) | — | $-91 | $9 | $1 |
| Proceeds from Sale of Property, Plant, and Equipment | — | — | $28 | $28 |
| Goodwill, Impairment Loss | — | $0 | $16,600 | $16,600 |
| Payments to Develop Software | $1,516 | $6,141 | $3,608 | $4,038 |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $2,849 | $0 | $0 |
| Net Cash Provided by (Used in) Investing Activities | $50,479 | $72,886 | $1,686 | $-385 |
| Other Asset Impairment Charges | — | — | $1,224 | $1,224 |
| Accounts Receivable, Credit Loss Expense (Reversal) | $-927 | $-144 | $359 | $413 |
| Contract with Customer, Asset, Credit Loss Expense (Reversal) | $134 | $-134 | $-14 | $-15 |
| Share-based Payment Arrangement, Noncash Expense | $18,171 | $-580 | $551 | $1,021 |
| Repayments of Secured Debt | $0 | — | $1,223 | $5,444 |
| Repayments of Notes Payable | — | $22,000 | $0 | $0 |
| Net Cash Provided by (Used in) Financing Activities | $0 | $-22,000 | $-1,223 | $-1,199 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $94,675 | $70,203 | $34,620 | $3,848 |
| Share-based Payment Arrangement, Amount Capitalized | $616 | $249 | $6 | $8 |
| Noncash or Part Noncash Acquisition, Value of Assets Acquired | $4,221 | $2,067 | $0 | $0 |
| Notes Issued | $22,000 | $6,000 | $0 | $0 |
| Increase (Decrease) in Accounts Receivable | $-1,952 | $2,346 | $-1,545 | $-3,377 |
| Increase (Decrease) in Inventories | $-16,328 | $3,756 | $-3,120 | $-8,087 |
| Increase (Decrease) in Prepaid Expense and Other Assets | $22,553 | $-4,717 | $-23,446 | $-5,264 |
| Increase (Decrease) in Other Noncurrent Assets | $3,075 | $-685 | $-1,131 | $-542 |
| Increase (Decrease) in Accounts Payable | $-2,363 | $3,647 | $-3,374 | $-2,657 |
| Increase (Decrease) in Accrued Liabilities | $29,074 | $-20,342 | $-24,596 | $-6,336 |
| Increase (Decrease) in Other Current Liabilities | $366 | $-1,841 | $-302 | $222 |
| Increase (Decrease) in Other Noncurrent Liabilities | $2,039 | $43 | $-118 | $-151 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $32 | $2,099 | $472 | $472 |
| Income Taxes Paid, Net | $11 | $4 | $-8 | $-8 |