Mynd.ai (MYND) 6-K 28 Aug 24 2024 Q2 Unaudited Consolidated Financial Statements Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2024
Cover [Abstract]
Document Type	6-K
Entity File Number	001-38203
Entity Registrant Name	Mynd.ai, Inc.
Entity Address, Address Line One	Maples Corporate Services Limited
Entity Address, Address Line Two	PO Box 309
Entity Address, Address Line Three	Ugland House
Entity Address, City or Town	Grand Cayman
Entity Address, Postal Zip Code	KY1-1104
Entity Address, Country	KY
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Document Period End Date	Jun. 30, 2024
Current Fiscal Year End Date	--12-31
Central Index Key	0001708441

UNAUDITED CONSOLIDATED BALANCE

UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 69,377	$ 91,784
Accounts receivable, net of allowance for credit losses of $1,617 and $2,599, respectively	67,660	63,865
Inventories	33,662	53,098
Prepaid expenses and other current assets	12,432	14,666
Due from related parties	2,319	2,759
Total current assets	185,450	226,172
Non-current assets:
Goodwill	45,545	46,924
Property, plant, and equipment, net	14,896	11,878
Intangible assets, net	48,647	51,450
Right-of-use assets	7,882	7,491
Deferred tax assets, net	16,659	56,381
Other non-current assets	4,684	4,094
Total non-current assets	138,313	178,218
Total assets	323,763	404,390
Current liabilities:
Accrued expenses and other current liabilities	37,243	45,389
Loans payable, current	21,292	31,942
Contract liabilities	16,107	14,110
Accrued warranties	15,449	17,871
Lease liabilities, current	4,011	4,412
Current liabilities of discontinued operations	0	163
Total current liabilities	152,386	178,562
Non-current liabilities:
Contract liabilities, non-current	21,054	21,762
Lease liabilities, non-current	3,986	3,412
Deferred tax liabilities	1,197	1,317
Other non-current liabilities	3,814	4,250
Total non-current liabilities	92,507	100,270
Total liabilities	244,893	278,832
Commitments and contingencies
Shareholders’ equity:
Ordinary shares par value of $0.001; 990,000,000 shares authorized, 456,477,820 shares issued and outstanding as of both June 30, 2024 and December 31, 2023. $10,000,000 shares, $0.001 par value, without designation.	456	456
Additional paid-in capital	474,501	473,590
Accumulated other comprehensive income	3,724	3,513
Accumulated deficit	(401,630)	(353,890)
Total Mynd.ai, Inc. shareholders’ equity	77,051	123,669
Non-controlling interest	1,819	1,889
Total shareholders’ equity	78,870	125,558
Total liabilities and shareholders’ equity	323,763	404,390
Nonrelated Party
Current liabilities:
Accounts payable, current	52,177	59,595
Loans payable, current	21,292	31,942
Non-current liabilities:
Long-term debt, excluding current maturities	57,741	64,859
Related Party
Current liabilities:
Accounts payable, current	6,107	5,080
Non-current liabilities:
Long-term debt, excluding current maturities	$ 4,715	$ 4,670

UNAUDITED CONSOLIDATED BALANC_2

UNAUDITED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit loss	$ 1,617	$ 2,599
Common stock, par or stated value per share (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	990,000,000	990,000,000
Common stock, shares, issued (in shares)	456,477,820	456,477,820
Common stock, shares, outstanding (in shares)	456,477,820	456,477,820
Common stock, shares without designation (in shares)	10,000,000	10,000,000

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenue	$ 165,983	$ 222,497
Cost of sales	120,607	164,036
Gross profit	45,376	58,461
Operating expenses:
General and administrative	20,217	18,313
Research and development	13,413	18,508
Sales and marketing	22,497	30,315
Transaction related costs	125	8,472
Restructuring	1,218	2,170
Total operating expenses	57,470	77,778
Operating loss	(12,094)	(19,317)
Other income (expense):
Interest expense	(5,518)	(2,366)
Interest income	1,314	6
Gain on embedded derivative	9,249	0
Other income (expense), net	(1,066)	1,294
Total other income (expense)	3,979	(1,066)
Net loss from continuing operations, before income taxes	(8,115)	(20,383)
Income tax benefit (expense)	(39,631)	5,143
Net loss from continuing operations	(47,746)	(15,240)
Loss from discontinued operations, net of tax	(64)	(431)
Net loss	(47,810)	(15,671)
Less: comprehensive loss attributable to non-controlling interest	(70)	0
Net loss attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations	(47,676)	(15,240)
Net loss attributable to ordinary shareholders of Mynd.ai, Inc.	$ (47,740)	$ (15,671)
Basic and Diluted
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations - basic (in dollars per share)	$ (0.10)	$ (0.04)
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations - diluted (in dollars per share)	(0.10)	(0.04)
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations - basic (in dollars per share)	0	0
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations - diluted (in dollars per share)	0	0
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. - basic (in dollars per share)	(0.10)	(0.04)
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. - diluted (in dollars per share)	$ (0.10)	$ (0.04)
Weighted average shares outstanding used in calculating net loss per share - basic (in shares)	456,477,820	426,422,220
Weighted average shares outstanding used in calculating net loss per share - diluted (in shares)	456,477,820	426,422,220

UNAUDITED CONSOLIDATED STATEM_2

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (47,810)	$ (15,671)
Change in foreign currency translation adjustments	211	(1,920)
Total comprehensive loss	(47,599)	(17,591)
Less: comprehensive loss attributable to non-controlling interest	(70)	0
Comprehensive loss attributable to Mynd.ai Inc.	$ (47,529)	$ (17,591)

UNAUDITED CONSOLIDATED STATEM_3

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Total Mynd.ai Shareholders' Equity	Ordinary Shares	APIC	AOCI	Accumulated Deficit	Non - controlling Interest
Beginning balance (in shares) at Dec. 31, 2022			426,422,220
Beginning balance at Dec. 31, 2022	$ 137,011	$ 137,011	$ 426	$ 448,065	$ 4,546	$ (316,026)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(15,671)	(15,671)				(15,671)
Foreign currency translation	(1,920)	(1,920)			(1,920)
Contributions from Controlling Shareholder	2,707	2,707		2,707
Ending balance (in shares) at Jun. 30, 2023			426,422,220
Ending balance at Jun. 30, 2023	$ 122,127	122,127	$ 426	450,772	2,626	(331,697)	0
Beginning balance (in shares) at Dec. 31, 2023	456,477,820		456,477,820
Beginning balance at Dec. 31, 2023	$ 125,558	123,669	$ 456	473,590	3,513	(353,890)	1,889
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(47,810)	(47,740)				(47,740)	(70)
Foreign currency translation	211	211			211
Share-based compensation	1,131	1,131		1,131
Other equity adjustments	$ (220)	(220)		(220)
Ending balance (in shares) at Jun. 30, 2024	456,477,820		456,477,820
Ending balance at Jun. 30, 2024	$ 78,870	$ 77,051	$ 456	$ 474,501	$ 3,724	$ (401,630)	$ 1,819

UNAUDITED CONSOLIDATED STATEM_4

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (47,810)	$ (15,671)
Loss from discontinued operations, net of tax	64	431
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	4,044	2,526
Deferred taxes	39,480	(5,143)
Non-cash lease expense	2,894	960
Non-cash interest expenses	2,290	0
Amortization of RDEC credit	(588)	(372)
Gain on embedded derivative	(9,249)	0
Share-based compensation	1,131	0
Change in fair value of earn out liabilities	36	79
Loss on disposal of property, plant and equipment	44	0
Change in operating assets and liabilities:
Accounts receivable	(4,411)	(23,078)
Inventories	19,531	36,578
Prepaid expenses and other assets	2,558	(300)
Prepaid subscriptions	0	1,424
Due from related parties	409	1,345
Accounts payable	(6,221)	(8,367)
Accrued expenses and other liabilities	(8,495)	(8,408)
Accrued warranties	(2,378)	3,148
Due to related parties	1,028	(1,409)
Contract liabilities	1,397	5,484
Lease obligations - operating leases	(3,042)	(1,148)
Net cash used in operating activities - continuing operations	(7,288)	(11,921)
Net cash used in operating activities - discontinued operations	(64)	(429)
Net cash used in operating activities	(7,352)	(12,350)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(1,084)	(236)
Internal-use software development costs	(3,499)	(1,556)
Repayment of loan receivable, related party	0	8,019
Net cash (used in) provided by investing activities	(4,583)	6,227
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of Revolver	(16,770)	(29,000)
Proceeds from Revolver	6,000	28,000
Contingent consideration payments	0	(716)
Repayment of Paycheck Protection Program Loan	(96)	(96)
Proceeds from NetDragon group loans	0	119
Net cash used in financing activities	(10,866)	(1,693)
Net change in cash and cash equivalents	(22,801)	(7,816)
Cash and cash equivalents, beginning of period	91,784	29,312
Exchange rate effects	394	(268)
Cash and cash equivalents, end of period	69,377	21,228
Supplemental disclosure of non-cash investing and financing activities transactions:
Convertible notes issued in exchange for accrued PIK interest	1,643	0
Decrease in goodwill due to measurement period adjustments relating to business acquisition, net	1,228	0
Lease assets acquired in exchange for lease liabilities	3,555	550
Supplemental disclosure of cash transactions:
Cash paid for interest	2,730	0
Cash refund, net of cash paid for taxes	$ 967	$ 678

Organization

Organization	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Mynd.ai, Inc. ("the Company"), a Cayman Islands company, provides global, end-to-end, learning solutions and collaboration tools to help teachers, schools, students, and professionals realize their greatest potential. The Company's global headquarters is in Seattle, Washington, U.S., and it conducts its business through its various subsidiaries throughout the world, with operations principally focused in the U.S., Europe, and the U.K.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements as of June 30, 2024 and for the six months ended June 30, 2024 and June 30, 2023 have been prepared in accordance with generally accepted accounting principles in the United States ("U.S. GAAP") for interim financial information and the rules and regulations of the Securities and Exchange Commission (the “SEC”) for a foreign private issuer. Accordingly, they do not include all of the information and notes required by U.S. GAAP for annual financial statements. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with U.S. GAAP have been omitted, provided such omission is not misleading or prohibited by the rules and regulations of the SEC. In the opinion of management, the unaudited consolidated financial statements contain all normal and recurring adjustments necessary for the fair presentation of the interim periods presented. Operating results for the six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the year ended December 31, 2024. The financial data presented herein should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 20-F for the year ended December 31, 2023 filed with the SEC on March 27, 2024 (the “2023 Form 20-F”). On December 13, 2023, NetDragon Websoft Holdings Limited (“NetDragon”) and Gravitas Education Holdings, Inc. (“GEHI”) completed a series of transactions (the "Merger") that resulted in (i) GEHI divesting its business in China, (ii) NetDragon transferring its education businesses outside of China to eLMTree Inc. (“eLMTree"), (iii) eLMTree becoming a wholly owned subsidiary of GEHI, and (iv) GEHI changing its name to “Mynd.ai, Inc.” The Merger was accounted for as a business combination in accordance with ASC 805, Business Combinations. While GEHI was the legal acquirer of eLMTree, the transaction has been accounted for as a reverse acquisition, and consequently, eLMTree was identified as the acquirer for accounting purposes. The financial statements of the Company prior to closing of the Merger reflect the consolidated and combined financial statements of eLMTree (See Note 3 - Business Combinations). These consolidated and combined financial statements were derived from the separate records maintained by NetDragon, who continues to be a controlling shareholder of the Company (the "Controlling Shareholder"). The financial statements include estimated expense allocations for certain corporate functions historically provided by NetDragon. These allocations may not be reflective of the actual expenses that would have been incurred had the Company operated as a separate entity apart from NetDragon. As a result of the reverse acquisition, all shares and per share amounts for all periods presented in the accompanying financial statements and notes thereto have been adjusted retroactively. The Company calculated basic loss per share for each comparative period prior to the acquisition date by dividing net loss of the accounting acquirer attributable to ordinary shareholders by the accounting acquirer’s historical weighted-average number of ordinary shares outstanding. The Company calculated the weighted-average number of ordinary shares outstanding (the denominator of the EPS calculation), including the equity interests issued by the legal acquirer to effect the reverse acquisition, as the number of ordinary shares outstanding from the beginning of that period to the acquisition date computed on the basis of the weighted-average number of ordinary shares of the accounting acquirer outstanding during the period multiplied by an exchange ratio derived from the shares exchanged at the Merger date. The Company represents the consolidated operations of eLMTree Inc. and subsidiaries and Global Eduhub Holdings Limited and subsidiaries ("GEH Singapore"). The eLMTree segment consists of a number of legal entities, including Promethean World Limited and its consolidated subsidiaries (“Promethean”) and Edmodo, LLC (“Edmodo”). The GEH Singapore segment represents Singapore-based kindergarten and student care services that have historically been reported as part of GEHI prior to the Merger. On September 22, 2022, eLMTree abandoned the operations of the North America geographic region of the Edmodo business. In applying FASB ASC 205-20 Presentation of Financial Statements – Discontinued Operations and ASC 360 Property, Plant, and Equipment , the Company determined the abandonment qualified for discontinued operations presentation and as such, the consolidated financial statement have been retroactively adjusted, where applicable, to give effect to the discontinued operations for all periods presented (See Note 20 - Discontinued Operation). Basis of Consolidation The unaudited consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries, and its partially owned subsidiaries and non-controlling interests. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect the application of policies and the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Important estimates and assumptions relate to revenue recognition, impairment of obsolete and slow-moving inventories, valuation of assets acquired and liabilities assumed in business combinations, evaluation of finite-lived tangible and intangible assets, goodwill and indefinite-lived intangible assets for impairment, valuation of embedded derivatives, and valuation allowance for deferred tax assets. These estimates and judgments are subject to change based on experience and new information which could result in outcomes that require a material adjustment to the carrying amounts of assets or liabilities affecting future periods. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized prospectively. Liquidity and Capital Resources As of June 30, 2024, the Company h ad $69,377 in cash and cash equivalents and net working capital of $33,064. During the six months ended June 30, 2024, the Company had net cash outflows from continuing operations of $7,288 and net cash outflows of $7,352 after co nsidering discontinued operations. The Company has in place a revolver with Bank of America, which has a committed line limit of $50,000 through its maturity in January 2028. As of June 30, 2024 and December 31, 2023, the Company had unused borrowing capacity on the revolver of $9,157 and $20,473, respectively, based on the borrowing base calculation as of the respective dates. The Company previously generated additional liquidity by issuing the Convertible Note (as defined Note 14 - Debt) in December 2023. Given these facts and circumstances, the Company has determined that it is reasonably expected to have adequate financial resources to continue as a going concern for at least the twelve-month period following issuance of these financial statements. Accounts Receivable and Allowance for Credit Losses Trade accounts receivables are recorded at the invoiced amount and do not bear interest. The allowance for credit losses is management’s best estimate of the credit losses in existing accounts receivable. The Company monitors the financial performance, historical and expected collection patterns, and creditworthiness of its customers so that management can properly assess and respond to changes in their credit profile. The Company also monitors domestic and international economic conditions for the potential future effect on its customers. Past due balances are reviewed individually for collectability. Account balances are charged against the allowance when management determines it is probable the receivable will not be recovered. All allowance for credit losses are charged to general and administrative expenses on the Company’s consolidated statements of operations. The allowance for credit losses as of June 30, 2024, and 2023 was as follows: Six months ended June 30, 2024 2023 Balance, January 1 $ 2,599 $ 2,970 Adjustments and provision for estimated credit losses 276 (728) Write offs and collections of accounts receivable (1,219) (2) Foreign currency adjustments (39) 66 Balance, June 30 $ 1,617 $ 2,306 Fair Value Measurements The carrying amounts of the Company’s financial assets and liabilities, such as cash and cash equivalents, accounts receivable, due from related parties, current related party loans payable and current liabilities of discontinued operations approximate their fair values because of their short-term nature. The fair value of the Company’s loans payable (See Note 14 - Debt), which are categorized as Level 3 within the fair value hierarchy as of June 30, 2024 and December 31, 2023, is not materially different to the carrying value of such facility. The derivative liability associated with the Company’s Convertible Note is remeasured at fair value at each reporting date and is classified as Level 3 in the fair value hierarchy (See Note 14 - Debt). Certain non-financial assets, such as goodwill, intangible assets, right-of-use assets, and property and equipment, are measured at fair value on a non-recurring basis and are adjusted to fair value only if an impairment charge is recognized. Such fair value measures are considered to be within the Level 3 valuation hierarchy due to the subjective nature of the unobservable inputs used. The Company has not recorded any impairment charges to non-financial assets during any of the periods presented. Share-based Compensation The Company accounts for share-based compensation in accordance with ASC 718, Compensation – Stock Compensation , which requires that the grant-date fair value of such awards is recognized ratably over the related vesting period. The Company accounts for forfeitures as they occur. Recent Accounting Pronouncements Issued but not yet Adopted In November 2023, the FASB issued Accounting Standards Update ("ASU") 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . This ASU updates reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. The amendments in this ASU are effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is still evaluating the effect of the adoption of this guidance. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which enhances the transparency and decision usefulness of income tax disclosures. The amendments address more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The ASU also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in this ASU are effective for public business entities for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company is still evaluating the effect of the adoption of this guidance. On March 6, 2024, the SEC approved a rule that will require registrants to provide certain climate-related information in their registration statements and annual reports. The rule requires information about a registrant's climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate-related risks also includes disclosure of a registrant's greenhouse gas emissions. In addition, the rules will require registrants to present certain climate-related financial metrics in their audited financial statements. In April 2024, the SEC stayed implementation of the final rule pending completion of judicial review. The Company is evaluating the potential impact of this rule on the consolidated financial statements and related disclosures.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Combinations	Business Combinations As discussed above, on December 13, 2023, NetDragon and GEHI completed the Merger that resulted in (i) GEHI divesting its business in China, (ii) NetDragon transferring its education businesses outside of China to eLMTree, (iii) eLMTree becoming a wholly owned subsidiary of GEHI, and (iv) GEHI changing its name to “Mynd.ai, Inc.” The Merger was accounted for as a business combination in accordance with ASC 805. While GEHI is the legal acquirer of eLMTree, the transaction was treated as a reverse acquisition, and consequently, eLMTree was identified as the acquirer for accounting purposes. The purchase consideration was measured at the fair value of GEHI shares issued and outstanding at the close of the merger. The difference between the fair value of the GEHI shares issued less the fair value of GEHI’s identifiable assets acquired (net of liabilities assumed) and non-controlling interest is accounted for as goodwill. The identifiable net assets acquired of GEHI were valued at their respective fair values at the acquisition date. For accounting purposes, the Merger resulted in eLMTree acquiring an 85% equity interest in GEH Singapore, a company incorporated in Singapore that, through various of its subsidiaries, provides early childhood education services, meeting the needs of children from infancy to six years old through structured courses at kindergarten and student care centers, as well as through franchise relationships with third-party kindergarten services. The Merger provided the eLMTree segment with a pathway to greater autonomy and future financing opportunities as a public company, while providing the GEH Singapore segment with significant new sources of funding to potentially refurbish its existing facilities and expand its footprint in both Singapore and to other countries in the region. T he result of this acquisition has been included in the Company’s consolidated financial statements as of and from the date of acquisition. The associated goodwill has been included in the Company’s GEH Singapore and eLMTree reportable segments. The preliminary fair values of the identifiable assets acquired and liabilities assumed as of acquisition date were: As previously reported Measurement period adjustments As adjusted Cash and cash equivalents $ 16,138 $ — $ 16,138 Accounts receivable, net 1,464 — 1,464 Prepaid expenses and other current assets 902 1,228 2,130 Current tax assets 282 — 282 Amounts due from related parties 46 — 46 Inventories 141 — 141 Operating lease right-of-use assets 5,398 (538) 4,860 Property and equipment, net 4,773 — 4,773 Other non-current assets 2,226 — 2,226 Intangible assets 7,750 — 7,750 Total Assets 39,121 690 39,810 Accrued expenses and other current liabilities (5,496) (108) (5,604) Operating lease liabilities - current (2,903) — (2,903) Operating lease liabilities - non-current (2,603) 646 (1,957) Contract liabilities - current (1,730) — (1,730) Income tax payable (382) — (382) Other non-current liabilities (3,977) — (3,977) Deferred tax liability (1,317) — (1,317) Total Liabilities (18,408) 538 (17,870) Total identifiable net assets at fair value 20,713 1,228 21,940 Goodwill 3,991 (1,228) 2,764 Non-controlling interest (1,855) — (1,855) Purchase consideration transferred $ 22,849 $ — $ 22,849 The preliminary purchase price allocations reflect various fair value estimates and analyses relating to the determination of fair value of certain tangible and intangible assets acquired, non-controlling interest, and residual goodwill. The Company determined the estimated fair value of the identifiable intangible assets and goodwill after review and consideration of relevant information including discounted cash flow analyses, market data, and management’s estimates, with the assistance of an independent valuation firm. The estimated fair value of acquired working capital was determined to approximate carrying value. The goodwill arising from the transaction consists of expected synergies from combining operations of the two companies and has been assigned equally to the eLMTree and GEH reporting units provisionally , pending finalization of purchase price allocation. None of the goodwill will be deductible for tax purposes. Intangible assets acquired comprise of the following: Purchase price allocation Useful lives (in years) Student base (Childcare) $ 4,000 4 Franchise relationships 1,700 10 Brands 1,600 10 Content 450 5 Total intangible assets acquired $ 7,750 The preliminary fair values of certain net tangible assets and liabilities and intangible assets acquired were based on preliminary valuations, and our estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). The primary areas of acquisition accounting that are not yet finalized include, but are not limited to, certain tangible assets and liabilities acquired, income and non-income based taxes, and any resulting adjustments to goodwill. We believe that the information gathered to date provides a reasonable basis for estimating the preliminary fair value of the assets acquired and liabilities assumed. The Company expects to finalize the valuation as soon as practicable, but no later than the end of the measurement period.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenue Sales of hardware and accessories, as well as revenue from coordination of freight services for our customers, is recognized at a point in time. Services include enhanced warranty, training revenue, as well as revenue from kindergarten and student care services, and are recognized over time. Revenue from software-as-a-service (SaaS) and revenue from future software upgrade rights are also recognized over time. The following table presents the Company’s revenue disaggregated based on the revenue source and the timing of revenue recognition: Six months ended June 30, 2024 2023 Revenue from hardware, proprietary embedded firmware and accessories $ 137,248 $ 215,224 Revenue from services 23,038 4,265 Revenue from SaaS 2,463 2,759 Revenue from software upgrade rights 3,234 249 Total revenue $ 165,983 $ 222,497 Contract liabilities June 30, 2024 December 31, 2023 Deferred revenue: enhanced warranties $ 21,349 $ 21,057 Deferred revenue: other services 15,812 14,815 Total contract liabilities $ 37,161 $ 35,872 The contract liabilities listed above represent deferred revenue associated with sales of enhanced warranties, services such as training revenue, SaaS, and future unspecified software upgrade rights, as well as deferred revenue associated with kindergarten and student care services. The deferred revenue amounts included as contract liabilities represent the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially satisfied). These performance obligations are expected to be satisfied as follows: Enhanced warranties Other services Remainder of 2024 $ 1,683 $ 10,063 2025 5,022 3,847 2026 5,866 1,178 2027 4,682 510 2028 2,785 207 Thereafter 1,311 7 Total contract liabilities $ 21,349 $ 15,812

Segment Disclosures

Segment Disclosures	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Disclosures	Segment Disclosures Segment reporting Based on how the Company's chief operating decision maker (CODM) assesses the performance of the business, as well as the availability of discrete financial information, the Company has identified two reportable segments: eLMTree and GEH Singapore. The CODM utilizes revenue and operating income to assess the performance of these segments. The Company does not allocate corporate expenses related to the Company’s Board of Directors and strategic initiatives, as well as certain other costs, to the individual segments, and instead reports all such costs in the eLMTree segment. There are no material inter-segment transactions. Prior to acquisition of the GEH Singapore segment in December 2023, the Company had only one operating segment. The table below represents the segment information reviewed by the Company's CODM for the six months ended June 30, 2024: eLMTree GEH Singapore Revenue $ 146,853 $ 19,130 Cost of sales 104,039 16,568 Depreciation and amortization expense 2,724 1,320 Operating loss 11,271 823 Interest expense 5,489 29 Interest income 1,314 — Other income (expense), net (1,468) 402 Pre-tax loss from continuing operations 7,665 450 Income tax expense 39,616 15 Net loss 47,281 465 The table below represents the segment information reviewed by the Company's CODM as of the following balance sheet dates: June 30, 2024 December 31, 2023 eLMTree GEH Singapore eLMTree GEH Singapore Property plant and equipment $ 10,172 $ 4,724 $ 7,037 $ 4,841 Right of use assets 1,479 6,403 2,412 5,079 Intangible assets 41,607 7,040 43,700 7,750

Inventories

Inventories	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following: June 30, 2024 December 31, 2023 Raw materials $ — $ 814 Finished goods 33,662 52,284 $ 33,662 $ 53,098

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: June 30, 2024 December 31, 2023 Current tax assets $ 3,489 $ 4,545 Prepaid Expenses 4,341 6,026 Other 4,602 4,095 Total $ 12,432 $ 14,666

Property, Plant, and Equipment,

Property, Plant, and Equipment, net	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant, and Equipment, net	Property, Plant, and Equipment, net Property, plant and equipment, net consist of the following: June 30, 2024 December 31, 2023 Buildings $ 5,374 $ 5,462 Plant and machinery 2,234 2,246 Leasehold improvements 131 132 Computer and office equipment 16,522 16,602 Furniture and fixtures 1,961 1,805 Internal use software 2,989 1,719 Construction in progress 6,144 3,866 35,355 31,832 Less: Accumulated depreciation (20,459) (19,954) Property, plant and equipment, net $ 14,896 $ 11,878 Depreciation expense totaled $1,245, of which $734 was recorded in cost of sales, $190 was recorded in sales and marketing expense, $157 was recorded in research and development expense, and $164 was recorded in general and administrative expense on the Company's consolidated statement of operations for the six months ended June 30, 2024. Depreciation expense totaled $876 , of which $169 was recorded in cost of sales, $268 was recorded in sales and marketing expense, $186 was recorded in research and development expense, and $253 was recorded in general and administrative expense on the Company's consolidated statement of operations for the six months ended June 30, 2023 .

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill and Indefinite-Lived Intangible Assets During the six months ended June 30, 2024, the carrying amount of goodwill changed as a result of the adjustments during the measurement period of the acquisition described in Note 3 Business Combinations above and foreign currency adjustments. There were no changes to the carrying amount of indefinite-lived intangible assets during the periods presented. As of both June 30, 2024 and December 31, 2023, the carrying amount of indefinite-lived intangible assets was $35,997. Finite-Lived Intangible Assets The components of finite-lived intangible assets are: June 30, 2024 Gross Carrying Amount Accumulated Amortization Net Book Value Customer relationships $ 10,514 (10,514) $ — Patent and developed technology 37,317 (32,006) 5,311 Student base (Childcare) 4,000 (500) 3,500 Franchise relationships 1,700 (85) 1,615 Brands 1,600 (80) 1,520 Tradenames 573 (299) 274 Content 450 (45) 405 Non-compete agreements 54 (29) 25 $ 56,208 $ (43,558) $ 12,650 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Book Value Customer relationships $ 10,514 $ (10,514) $ — Patent and developed technology 37,323 (30,023) 7,300 Student base (Childcare) 4,000 — 4,000 Franchise relationships 1,700 — 1,700 Brands 1,600 — 1,600 Tradenames 576 (207) 369 Content 450 — 450 Non-compete agreements 54 (20) 34 $ 56,217 $ (40,764) $ 15,453

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following: June 30, 2024 December 31, 2023 Accrued payroll $ 12,174 $ 18,525 Deferred R&D credits 4,433 5,053 Rebates and customer advances 1,241 1,242 Interest payable 2,640 4,006 Accrued duty, freight and related expenses 5,745 4,005 Royalties 1,072 2,471 Value added tax payables 953 1,751 Other accrued expenses and liabilities 8,985 8,336 $ 37,243 $ 45,389 Deferred R&D credits represent future offsets to research and development expense in the consolidated statement of operations. These credits were generated through the Company's participation in the U.K. Research and Development Expenditure Credit (RDEC) program. As of June 30, 2024, accrued payroll includes $1,973 and other accrued expenses and liabilities include $478 out of an aggregate of $7,352 that will be paid in cash as a one-time retention payment to certain officers, directors and employees of the Company in January 2025. There was no comparable balance as of December 31, 2023.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share The following table sets forth the computation of basic and diluted loss per share of the Company's ordinary shares, net of non-controlling interest: Six months ended June 30, 2024 2023 Numerator: Net loss attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations $ (47,676) $ (15,240) Net loss attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations (64) (431) Net loss attributable to ordinary shareholders of Mynd.ai, Inc. (47,740) (15,671) Denominator: Weighted average shares outstanding used in calculating net loss per share 456,477,820 426,422,220 Basic and diluted loss per share: Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations (0.10) (0.04) Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations — — Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. $ (0.10) $ (0.04) Basic and diluted loss per share are computed using the weighted average number of ordinary shares outstanding during the period.

Share-based Compensation

Share-based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	Share-based Compensation In January 2024, the Company’s Board of Directors approved the Mynd.ai Equity Incentive Plan (the “Incentive Plan”). Under the Incentive Plan, awards may be granted to officers, employees and consultants of the Company or any of its affiliates in the form of stock options, restricted shares, restricted stock units ("RSUs"), stock appreciation rights, performance stock, performance stock units and other awards. The maximum aggregate number of ordinary shares that was initially authorized for issuance under the Incentive Plan is 54,777,338, together with a corresponding number of American Depositary Shares ("ADS"). On April 10, 2024, the Company’s Board of Directors awarded RSUs, representing an aggregate of 3,501,350 ADSs, to certain directors, executive officers and employees that vest over specified time periods, subject to the recipient’s continued service. As of June 30, 2024, the Company had outstanding share-based awards representing 3,461,171 ADSs. During the six months ended June 30, 2024, the Company recorded share-based compensation expenses of $1,131 in general and administrative expenses in the consolidated statements of operations. As of June 30, 2024, total unrecognized compensation expense related to unvested awards was $12,437, which is expected to be recognized over a weighted-average period of 2.67 years.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As of June 30, 2024 and December 31, 2023, the Company has receivables of $2,319 and $2,759, respectively, and payables of $6,107 and $5,080, respectively, with related parties with common ownership. These payables exclude the Loans payable, related parties, non-current discussed below, as well as the Convertible Note discussed in Note 14 - Debt. During the six months ended June 30, 2024 and 2023, the Company received services from related parties totaling $2,823 and $5,329 respectively. On July 15, 2022, the Company entered into a related party loan agreement with Best Assistant Education Online Limited, a subsidiary of NetDragon, (“Best Assistant” or the "Borrower"). The loan agreement allowed the Borrower to receive a non-interest bearing loan from the Company up to a maximum of $10,000. The loan was due on the earlier of (i) June 30, 2023 or (ii) a change in control of the Borrower. The outstanding balance owed to the Company as of December 31, 2022 was $7,919. This loan was fully repaid in the first quarter of 2023. The Controlling Shareholder, through its various operating and financing subsidiaries, has historically provided funding to eLMTree on an interest-free basis with no set repayment date. As of June 30, 2024 and 2023, the Company had $4,715 and 4,670, respectively, in funding from the Controlling Shareholder, which was recorded as Loans payable, related parties, non-current on the consolidated balance sheets. The non-controlling interest in the Company is held by a current employee of GEH Singapore. As of June 30, 2024 and December 31, 2023, the non-controlling interest recorded in equity was $1,819 and $1,889, respectively. Concurrent with the closing of the GEH Acquisition described in detail in Note 3 Business Combination, the Company issued the Convertible Note to a related entity. See further discussion of this note in Note 14, Debt.

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt Debt outstanding consists of the following: June 30, 2024 December 31, 2023 Revolver $ 21,288 $ 32,000 Paycheck Protection Program Loan 180 194 Less revolver issuance costs (176) (252) Loans payable, current 21,292 31,942 Convertible Note (a) 52,768 50,585 Embedded derivative (b) 5,059 14,308 Less issuance costs on convertible debt (86) (116) Paycheck Protection Program Loan — 82 Loans payable, non-current 57,741 64,859 Loans payable, related parties, non-current 4,715 4,670 $ 83,748 $ 101,471 (a) The Convertible Note balance at June 30, 2024 is comprised of the convertible note's initial measurement at $50,260, which represents the gross proceeds received less fair value of the embedded derivative, $1,643 of PIK note issued in June 2024, $146 of accrued PIK interest for which the PIK note will be issued in December 2024, and accretion of discount on issuance of $719. The Convertible Note balance on December 31, 2023 is comprised of the Convertible Note's initial measurement at $50,260, which represents the gross proceeds received less fair value of the embedded derivative, $169 of accrued PIK interest, and accretion of discount on issuance of $156. (b) Represents the embedded derivative included within the Convertible Note that is bifurcated and stated at fair value. As of June 30, 2024 and December 31, 2023, the Company believes it was in material compliance with covenants on all its debt agreements. The following table summarizes the debt maturities for the Convertible Note, the Revolver and the Paycheck Protection Program Loan (see further discussion of these debt instruments below): Remainder of 2024 $ 98 2025 82 2026 — 2027 — 2028 (1) (2) 88,077 Thereafter — $ 88,257 (1) The Company classifies the Revolver as a current liability on its consolidated balance sheets due to its intent and practice of using the Revolver for short-term financing needs. However, in the table above, the Revolver has been reflected at its maturity date in 2028. (2) Debt maturing in 2028 also includes the Convertible Note with a maturity value of $65,000, PIK note issued with a maturity value of $1,643, and accrued PIK interest of $146. Convertible Note Concurrent with the closing of the GEH Acquisition described in detail in Note 3, the Company issued a senior secured convertible note, in the principal amount of $65,000 (the “Convertible Note”). The Convertible Note bears (i) cash interest at the rate of 5.00% per annum and (ii) paid-in-kind interest ("PIK") at the rate of 5.00% per annum, payable by issuing additional notes (the “Convertible Note” or "Notes" while referring to the Convertible Note plus the Notes issued in connection with the PIK interest). The cash interest and PIK interest are both payable semiannually on June 15 and December 13 of each year. The Company prepaid the cash interest due in 2024 at the time of issuance of the Convertible Note, so the first semiannual payment of cash interest will be on June 15, 2025. PIK interest is payable by issuing additional notes in an amount equal to the applicable amount of PIK interest for the interest period. In June 2024, the Company issued a PIK note in the principal amount of $1,643. Certain features of the Convertible Note require bifurcation and separate accounting as a single embedded derivative (the “Embedded Derivative”) from the Convertible Note pursuant to ASC 815. The Embedded Derivative is measured at fair value utilizing Level 3 inputs under the fair value measurement hierarchy. As of June 30, 2024 and December 31, 2023, the Embedded Derivative was valued at $5,059 and $14,308, respectively. The decrease in fair value was largely driven by a decline in the Company's share price over that period. It is included in non-current loans payable in the consolidated balance sheets. During the six months ended June 30, 2024, the Company recognized a gain on remeasurement of the Embedded Derivative of $9,249, which was recorded in the consolidated statement of operations. The fair value of the Embedded Derivative was calculated using a with and without method at June 30, 2024 and December 31, 2023 using a Monte Carlo simulation model with the following assumptions - June 30, 2024 December 31, 2023 Relationship of significant unobservable input to fair value Expected volatility 62.0 % 56.0 % Increase in expected volatility will increase the value of the derivative Risk-free rate 4.4 % 3.8 % Increase in risk-free rate will increase the value of the derivative Credit risk adjusted rate 20.0 % 20.0 % Increase in credit risk adjusted rate will increase the value of the derivative Revolver In June 2018, the Company entered into a secured revolving line of credit facility for borrowings up to $35,000 with Bank of America with an original termination date of June 25, 2021, which was extended to January 19, 2028 through subsequent amendments. Subsequent amendments also amended the borrowing capacity up to $74,000 through March 31, 2024, and $50,000 thereafter through January 19, 2028. During the six months ended June 30, 2024, the Company expensed revolver amendment fees and expenses of $77. Amendment fees were not written off during the six months ended June 30, 2023. As of June 30, 2024 and December 31, 2023 , the outstanding balance on the line of credit was $21,288 and $32,000, respectively. Of the total outstanding balance at June 30, 2024, $15,288 incurred interest at an annual rate of 9.80%, $3,000 incurred interest at an annual interest rate of 7.68% and $3,000 incurred interest at an annual interest rate of 7.71%. Of the total outstanding balance at December 31, 2023, $10,000 incurred interest at an annual rate of 8.06%, $14,000 incurred interest at an annual interest rate of 8.09% and $8,000 incurred interest at an annual interest rate of 8.08%. As of June 30, 2024 and December 31, 2023, the Company had unused borrowing capacity of $9,157 and $20,473 respectively, based on the borrowing base calculation as of the respective dates. Paycheck Protection Program In May 2020, the Company entered into a $5,396 loan agreement under the Paycheck Protection Program (the “PPP”) with a 1% interest rate, which is administered by the U.S. Small Business Administration (the “SBA”). During the six months ended June 30, 2024 and 2023, the Company accrued interest of $1 and $2, respectively, in relation to the Paycheck Protection Program Loan. During the six months ended June 30, 2024 and 2023, the Company repaid $97 and $96 of the PPP loan, including the accrued interest. The loans payable, related parties, non-current are discussed in detail above in Note 13 - Related Party Transactions.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Warranty Changes in accrued warranty liabilities during the indicated periods are as follows: Six months ended June 30, 2024 2023 Balance, January 1 $ 17,871 $ 13,550 Provision 2,856 10,043 Utilized (5,233) (6,888) Foreign currency adjustment (45) 369 Balance, June 30 $ 15,449 $ 17,074 The provision amount in the table above represents adjustments recorded for estimated future costs related to units under warranty as of each balance sheet date, including both accruals for warranties issued during the first half of 2024 and changes in the provision for accruals related to previously issued warranties. Included in the 2024 provision amount is a reduction of $2,489 as a result of lower estimated future costs due to continued low failure rates on our ActivPanel 9 and our ActivPanel LX models. The provision reflects the most current information available to the Company regarding key inputs into the estimated provision, including product failure rates and costs necessary to provide the warranty services. The utilized amount in 2023 in the table above includes $3,602 of transportation, warehousing, and repair costs associated with increasing stock of refurbished inventory in response to the timing of warranty claims related to post pandemic sales. Litigation The Company may be subject to various legal proceedings and claims of which the outcomes are subject to significant uncertainty. The Company’s policy is to assess the likelihood of any adverse judgments or outcomes related to legal matters, as well as ranges of probable losses. A determination of the amount of the liability required, if any, for these contingencies is made after an analysis of each known issue. A liability would be recognized and charged to operating expense when the Company determines that a loss is probable, and the amount can be reasonably estimated. Additionally, the Company will disclose contingencies for which a material loss is reasonably possible, but not probable. As of June 30, 2024, and through the date of the issuance of these consolidated financial statements, the Company does not believe the resolution of any legal proceedings or claims of which it is aware or any potential actions will have a material effect on its financial position, results of operations or cash flows.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Leases The table below presents certain information related to the Company’s lease costs: Six months ended June 30, 2024 2023 Operating lease expense $ 2,894 $ 960 Short-term lease expense 281 256 Total lease cost $ 3,175 $ 1,216

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes for interim tax periods is generally determined using an estimate of the Company’s annual effective tax rate, excluding jurisdictions for which no tax benefit can be recognized due to valuation allowances, and adjusted for discrete tax items during the period. As of December 31, 2023, the Company had accumulated U.S. deferred tax assets totaling $41,362. These assets primarily arose from net operating loss carryforwards and temporary differences related to accrued liabilities and reserves. As of June 30, 2024, the Company assessed the available positive and negative evidence in evaluating the realizability of its existing deferred tax asset. Two significant pieces of objective negative evidence identified were the cumulative pre-tax losses in the U.S. in recent years and the decline in sales in the first six months of 2024 due to reduced customer demand. Such objective evidence limits the ability to consider more subjective evidence, such as projections for future improved operating results. On the basis of this evaluation, the Company has recorded a full valuation allowance against these U.S. deferred tax assets, due to the uncertainty regarding their realizability. The Company recorded income tax expense of $39,631 and a benefit for income taxes of $5,143 for the six months ended June 30, 2024 and 2023, respectively. The June 30, 2024 provision includes a discrete income tax expense of $41,362 due to the recording of a full valuation allowance against the U.S. deferred tax assets in the period, which also caused the effective tax rate for the current year to differ from the statutory tax rate.

Employee Benefits Plan

Employee Benefits Plan	6 Months Ended
	Jun. 30, 2024
Postemployment Benefits [Abstract]
Employee Benefits Plan	Share-based Compensation In January 2024, the Company’s Board of Directors approved the Mynd.ai Equity Incentive Plan (the “Incentive Plan”). Under the Incentive Plan, awards may be granted to officers, employees and consultants of the Company or any of its affiliates in the form of stock options, restricted shares, restricted stock units ("RSUs"), stock appreciation rights, performance stock, performance stock units and other awards. The maximum aggregate number of ordinary shares that was initially authorized for issuance under the Incentive Plan is 54,777,338, together with a corresponding number of American Depositary Shares ("ADS"). On April 10, 2024, the Company’s Board of Directors awarded RSUs, representing an aggregate of 3,501,350 ADSs, to certain directors, executive officers and employees that vest over specified time periods, subject to the recipient’s continued service. As of June 30, 2024, the Company had outstanding share-based awards representing 3,461,171 ADSs. During the six months ended June 30, 2024, the Company recorded share-based compensation expenses of $1,131 in general and administrative expenses in the consolidated statements of operations. As of June 30, 2024, total unrecognized compensation expense related to unvested awards was $12,437, which is expected to be recognized over a weighted-average period of 2.67 years.

Significant Concentrations

Significant Concentrations	6 Months Ended
	Jun. 30, 2024
Risks and Uncertainties [Abstract]
Significant Concentrations	Significant Concentrations One customer represented $27,030 and $52,330 (or 16.3% and 23.5%) of revenue for the six months ended June 30, 2024 and 2023, respectively. Another customer represented $17,806 and $22,494 (or 10.7% and 10.1%) of revenue for the six months ended June 30, 2024 and 2023, respectively. All customers that represented more than 10% of revenue were part of the eLMTree operating segment. No other customers represented more than 10% of revenue for the six months ended June 30, 2024 and 2023. Two suppliers represented $62,821 and $104,262 (or 52.1% and 63.6%) of cost of sales for the six months ended June 30, 2024 and 2023, respectively. No other suppliers represented more than 10% of cost of sales for the six months ended June 30, 2024 and 2023. One customer represented $8,492 and $13,476 (or 12.6% and 21.1%) of accounts receivable as of June 30, 2024 and December 31, 2023, respectively. No other customers represented more than 10% of accounts receivable as of June 30, 2024 and December 31, 2023, respectively.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations The following table provides a reconciliation of the Company’s net loss from discontinued operations presented in the consolidated statements of operations for the six months ended June 30, 2024 and 2023. Six months ended June 30, 2024 2023 Revenue $ — $ — Cost of sales — (119) Gross profit — 119 Operating expenses: General and administrative 64 525 Research and development — 24 Sales and marketing — 1 Total operating expenses 64 550 Operating loss from discontinued operations (64) (431) Loss from discontinued operations, before income taxes (64) (431) Income tax benefit (expense) — — Net loss from discontinued operations $ (64) $ (431)

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated all known events and transactions that occurred after June 30, 2024 through the date of the issuance of these consolidated financial statements, and determined that that no subsequent events have occurred that would require recognition or disclosure in these financial statements, except as disclosed elsewhere in these notes to the consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements as of June 30, 2024 and for the six months ended June 30, 2024 and June 30, 2023 have been prepared in accordance with generally accepted accounting principles in the United States ("U.S. GAAP") for interim financial information and the rules and regulations of the Securities and Exchange Commission (the “SEC”) for a foreign private issuer. Accordingly, they do not include all of the information and notes required by U.S. GAAP for annual financial statements. Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with U.S. GAAP have been omitted, provided such omission is not misleading or prohibited by the rules and regulations of the SEC. In the opinion of management, the unaudited consolidated financial statements contain all normal and recurring adjustments necessary for the fair presentation of the interim periods presented. Operating results for the six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the year ended December 31, 2024. The financial data presented herein should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 20-F for the year ended December 31, 2023 filed with the SEC on March 27, 2024 (the “2023 Form 20-F”). On December 13, 2023, NetDragon Websoft Holdings Limited (“NetDragon”) and Gravitas Education Holdings, Inc. (“GEHI”) completed a series of transactions (the "Merger") that resulted in (i) GEHI divesting its business in China, (ii) NetDragon transferring its education businesses outside of China to eLMTree Inc. (“eLMTree"), (iii) eLMTree becoming a wholly owned subsidiary of GEHI, and (iv) GEHI changing its name to “Mynd.ai, Inc.” The Merger was accounted for as a business combination in accordance with ASC 805, Business Combinations. While GEHI was the legal acquirer of eLMTree, the transaction has been accounted for as a reverse acquisition, and consequently, eLMTree was identified as the acquirer for accounting purposes. The financial statements of the Company prior to closing of the Merger reflect the consolidated and combined financial statements of eLMTree (See Note 3 - Business Combinations). These consolidated and combined financial statements were derived from the separate records maintained by NetDragon, who continues to be a controlling shareholder of the Company (the "Controlling Shareholder"). The financial statements include estimated expense allocations for certain corporate functions historically provided by NetDragon. These allocations may not be reflective of the actual expenses that would have been incurred had the Company operated as a separate entity apart from NetDragon. As a result of the reverse acquisition, all shares and per share amounts for all periods presented in the accompanying financial statements and notes thereto have been adjusted retroactively. The Company calculated basic loss per share for each comparative period prior to the acquisition date by dividing net loss of the accounting acquirer attributable to ordinary shareholders by the accounting acquirer’s historical weighted-average number of ordinary shares outstanding. The Company calculated the weighted-average number of ordinary shares outstanding (the denominator of the EPS calculation), including the equity interests issued by the legal acquirer to effect the reverse acquisition, as the number of ordinary shares outstanding from the beginning of that period to the acquisition date computed on the basis of the weighted-average number of ordinary shares of the accounting acquirer outstanding during the period multiplied by an exchange ratio derived from the shares exchanged at the Merger date. The Company represents the consolidated operations of eLMTree Inc. and subsidiaries and Global Eduhub Holdings Limited and subsidiaries ("GEH Singapore"). The eLMTree segment consists of a number of legal entities, including Promethean World Limited and its consolidated subsidiaries (“Promethean”) and Edmodo, LLC (“Edmodo”). The GEH Singapore segment represents Singapore-based kindergarten and student care services that have historically been reported as part of GEHI prior to the Merger. On September 22, 2022, eLMTree abandoned the operations of the North America geographic region of the Edmodo business. In applying FASB ASC 205-20 Presentation of Financial Statements – Discontinued Operations and ASC 360 Property, Plant, and Equipment , the Company determined the abandonment qualified for discontinued operations presentation and as such, the consolidated financial statement have been retroactively adjusted, where applicable, to give effect to the discontinued operations for all periods presented (See Note 20 - Discontinued Operation).
Basis of Consolidation	Basis of Consolidation The unaudited consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries, and its partially owned subsidiaries and non-controlling interests. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates
Accounts Receivable and Allowance for Credit Losses	Accounts Receivable and Allowance for Credit Losses Trade accounts receivables are recorded at the invoiced amount and do not bear interest. The allowance for credit losses is management’s best estimate of the credit losses in existing accounts receivable. The Company monitors the financial performance, historical and expected collection patterns, and creditworthiness of its customers so that management can properly assess and respond to changes in their credit profile. The Company also monitors domestic and international economic conditions for the potential future effect on its customers. Past due balances are reviewed individually for collectability. Account balances are charged against the allowance when management determines it is probable the receivable will not be recovered. All allowance for credit losses are charged to general and administrative expenses on the Company’s consolidated statements of operations.
Fair Value Measurements	Fair Value Measurements The carrying amounts of the Company’s financial assets and liabilities, such as cash and cash equivalents, accounts receivable, due from related parties, current related party loans payable and current liabilities of discontinued operations approximate their fair values because of their short-term nature. The fair value of the Company’s loans payable (See Note 14 - Debt), which are categorized as Level 3 within the fair value hierarchy as of June 30, 2024 and December 31, 2023, is not materially different to the carrying value of such facility. The derivative liability associated with the Company’s Convertible Note is remeasured at fair value at each reporting date and is classified as Level 3 in the fair value hierarchy (See Note 14 - Debt). Certain non-financial assets, such as goodwill, intangible assets, right-of-use assets, and property and equipment, are measured at fair value on a non-recurring basis and are adjusted to fair value only if an impairment charge is recognized. Such fair value measures are considered to be within the Level 3 valuation hierarchy due to the subjective nature of the unobservable inputs used. The Company has not recorded any impairment charges to non-financial assets during any of the periods presented.
Share-based Compensation	Share-based Compensation The Company accounts for share-based compensation in accordance with ASC 718, Compensation – Stock Compensation
Recent Accounting Pronouncements Issued but not yet Adopted	Recent Accounting Pronouncements Issued but not yet Adopted In November 2023, the FASB issued Accounting Standards Update ("ASU") 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . This ASU updates reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. The amendments in this ASU are effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is still evaluating the effect of the adoption of this guidance. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which enhances the transparency and decision usefulness of income tax disclosures. The amendments address more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The ASU also includes certain other amendments to improve the effectiveness of income tax disclosures. The amendments in this ASU are effective for public business entities for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company is still evaluating the effect of the adoption of this guidance. On March 6, 2024, the SEC approved a rule that will require registrants to provide certain climate-related information in their registration statements and annual reports. The rule requires information about a registrant's climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate-related risks also includes disclosure of a registrant's greenhouse gas emissions. In addition, the rules will require registrants to present certain climate-related financial metrics in their audited financial statements. In April 2024, the SEC stayed implementation of the final rule pending completion of judicial review. The Company is evaluating the potential impact of this rule on the consolidated financial statements and related disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Accounts Receivable, Allowance for Credit Loss	The allowance for credit losses as of June 30, 2024, and 2023 was as follows: Six months ended June 30, 2024 2023 Balance, January 1 $ 2,599 $ 2,970 Adjustments and provision for estimated credit losses 276 (728) Write offs and collections of accounts receivable (1,219) (2) Foreign currency adjustments (39) 66 Balance, June 30 $ 1,617 $ 2,306

Business Combinations and Asset

Business Combinations and Asset Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The preliminary fair values of the identifiable assets acquired and liabilities assumed as of acquisition date were: As previously reported Measurement period adjustments As adjusted Cash and cash equivalents $ 16,138 $ — $ 16,138 Accounts receivable, net 1,464 — 1,464 Prepaid expenses and other current assets 902 1,228 2,130 Current tax assets 282 — 282 Amounts due from related parties 46 — 46 Inventories 141 — 141 Operating lease right-of-use assets 5,398 (538) 4,860 Property and equipment, net 4,773 — 4,773 Other non-current assets 2,226 — 2,226 Intangible assets 7,750 — 7,750 Total Assets 39,121 690 39,810 Accrued expenses and other current liabilities (5,496) (108) (5,604) Operating lease liabilities - current (2,903) — (2,903) Operating lease liabilities - non-current (2,603) 646 (1,957) Contract liabilities - current (1,730) — (1,730) Income tax payable (382) — (382) Other non-current liabilities (3,977) — (3,977) Deferred tax liability (1,317) — (1,317) Total Liabilities (18,408) 538 (17,870) Total identifiable net assets at fair value 20,713 1,228 21,940 Goodwill 3,991 (1,228) 2,764 Non-controlling interest (1,855) — (1,855) Purchase consideration transferred $ 22,849 $ — $ 22,849
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	Intangible assets acquired comprise of the following: Purchase price allocation Useful lives (in years) Student base (Childcare) $ 4,000 4 Franchise relationships 1,700 10 Brands 1,600 10 Content 450 5 Total intangible assets acquired $ 7,750

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue from External Customers by Products and Services	The following table presents the Company’s revenue disaggregated based on the revenue source and the timing of revenue recognition: Six months ended June 30, 2024 2023 Revenue from hardware, proprietary embedded firmware and accessories $ 137,248 $ 215,224 Revenue from services 23,038 4,265 Revenue from SaaS 2,463 2,759 Revenue from software upgrade rights 3,234 249 Total revenue $ 165,983 $ 222,497
Contract with Customer, Contract Asset, Contract Liability, and Receivable	Contract liabilities June 30, 2024 December 31, 2023 Deferred revenue: enhanced warranties $ 21,349 $ 21,057 Deferred revenue: other services 15,812 14,815 Total contract liabilities $ 37,161 $ 35,872
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	These performance obligations are expected to be satisfied as follows: Enhanced warranties Other services Remainder of 2024 $ 1,683 $ 10,063 2025 5,022 3,847 2026 5,866 1,178 2027 4,682 510 2028 2,785 207 Thereafter 1,311 7 Total contract liabilities $ 21,349 $ 15,812

Segment Disclosures (Tables)

Segment Disclosures (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The table below represents the segment information reviewed by the Company's CODM for the six months ended June 30, 2024: eLMTree GEH Singapore Revenue $ 146,853 $ 19,130 Cost of sales 104,039 16,568 Depreciation and amortization expense 2,724 1,320 Operating loss 11,271 823 Interest expense 5,489 29 Interest income 1,314 — Other income (expense), net (1,468) 402 Pre-tax loss from continuing operations 7,665 450 Income tax expense 39,616 15 Net loss 47,281 465 The table below represents the segment information reviewed by the Company's CODM as of the following balance sheet dates: June 30, 2024 December 31, 2023 eLMTree GEH Singapore eLMTree GEH Singapore Property plant and equipment $ 10,172 $ 4,724 $ 7,037 $ 4,841 Right of use assets 1,479 6,403 2,412 5,079 Intangible assets 41,607 7,040 43,700 7,750

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consist of the following: June 30, 2024 December 31, 2023 Raw materials $ — $ 814 Finished goods 33,662 52,284 $ 33,662 $ 53,098

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure	Prepaid expenses and other current assets consisted of the following: June 30, 2024 December 31, 2023 Current tax assets $ 3,489 $ 4,545 Prepaid Expenses 4,341 6,026 Other 4,602 4,095 Total $ 12,432 $ 14,666

Property, Plant, and Equipmen_2

Property, Plant, and Equipment, net (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment, net consist of the following: June 30, 2024 December 31, 2023 Buildings $ 5,374 $ 5,462 Plant and machinery 2,234 2,246 Leasehold improvements 131 132 Computer and office equipment 16,522 16,602 Furniture and fixtures 1,961 1,805 Internal use software 2,989 1,719 Construction in progress 6,144 3,866 35,355 31,832 Less: Accumulated depreciation (20,459) (19,954) Property, plant and equipment, net $ 14,896 $ 11,878

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The components of finite-lived intangible assets are: June 30, 2024 Gross Carrying Amount Accumulated Amortization Net Book Value Customer relationships $ 10,514 (10,514) $ — Patent and developed technology 37,317 (32,006) 5,311 Student base (Childcare) 4,000 (500) 3,500 Franchise relationships 1,700 (85) 1,615 Brands 1,600 (80) 1,520 Tradenames 573 (299) 274 Content 450 (45) 405 Non-compete agreements 54 (29) 25 $ 56,208 $ (43,558) $ 12,650 December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Book Value Customer relationships $ 10,514 $ (10,514) $ — Patent and developed technology 37,323 (30,023) 7,300 Student base (Childcare) 4,000 — 4,000 Franchise relationships 1,700 — 1,700 Brands 1,600 — 1,600 Tradenames 576 (207) 369 Content 450 — 450 Non-compete agreements 54 (20) 34 $ 56,217 $ (40,764) $ 15,453

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	Accrued expenses and other current liabilities consisted of the following: June 30, 2024 December 31, 2023 Accrued payroll $ 12,174 $ 18,525 Deferred R&D credits 4,433 5,053 Rebates and customer advances 1,241 1,242 Interest payable 2,640 4,006 Accrued duty, freight and related expenses 5,745 4,005 Royalties 1,072 2,471 Value added tax payables 953 1,751 Other accrued expenses and liabilities 8,985 8,336 $ 37,243 $ 45,389

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted loss per share of the Company's ordinary shares, net of non-controlling interest: Six months ended June 30, 2024 2023 Numerator: Net loss attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations $ (47,676) $ (15,240) Net loss attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations (64) (431) Net loss attributable to ordinary shareholders of Mynd.ai, Inc. (47,740) (15,671) Denominator: Weighted average shares outstanding used in calculating net loss per share 456,477,820 426,422,220 Basic and diluted loss per share: Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations (0.10) (0.04) Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations — — Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. $ (0.10) $ (0.04)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following is a summary of outstanding potential ordinary shares that have been excluded from the computation of diluted net loss per share attributable to ordinary shareholders because their inclusion would have been anti-dilutive: For the Six Months Ended June 30, 2024 Convertible note 33,021,304 Restricted stock units 1,266,753

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	Debt outstanding consists of the following: June 30, 2024 December 31, 2023 Revolver $ 21,288 $ 32,000 Paycheck Protection Program Loan 180 194 Less revolver issuance costs (176) (252) Loans payable, current 21,292 31,942 Convertible Note (a) 52,768 50,585 Embedded derivative (b) 5,059 14,308 Less issuance costs on convertible debt (86) (116) Paycheck Protection Program Loan — 82 Loans payable, non-current 57,741 64,859 Loans payable, related parties, non-current 4,715 4,670 $ 83,748 $ 101,471 (a) The Convertible Note balance at June 30, 2024 is comprised of the convertible note's initial measurement at $50,260, which represents the gross proceeds received less fair value of the embedded derivative, $1,643 of PIK note issued in June 2024, $146 of accrued PIK interest for which the PIK note will be issued in December 2024, and accretion of discount on issuance of $719. The Convertible Note balance on December 31, 2023 is comprised of the Convertible Note's initial measurement at $50,260, which represents the gross proceeds received less fair value of the embedded derivative, $169 of accrued PIK interest, and accretion of discount on issuance of $156. (b) Represents the embedded derivative included within the Convertible Note that is bifurcated and stated at fair value.
Schedule of Maturities of Long-Term Debt	The following table summarizes the debt maturities for the Convertible Note, the Revolver and the Paycheck Protection Program Loan (see further discussion of these debt instruments below): Remainder of 2024 $ 98 2025 82 2026 — 2027 — 2028 (1) (2) 88,077 Thereafter — $ 88,257 (1) The Company classifies the Revolver as a current liability on its consolidated balance sheets due to its intent and practice of using the Revolver for short-term financing needs. However, in the table above, the Revolver has been reflected at its maturity date in 2028. (2)
Fair Value Measurement Inputs and Valuation Techniques	The fair value of the Embedded Derivative was calculated using a with and without method at June 30, 2024 and December 31, 2023 using a Monte Carlo simulation model with the following assumptions - June 30, 2024 December 31, 2023 Relationship of significant unobservable input to fair value Expected volatility 62.0 % 56.0 % Increase in expected volatility will increase the value of the derivative Risk-free rate 4.4 % 3.8 % Increase in risk-free rate will increase the value of the derivative Credit risk adjusted rate 20.0 % 20.0 % Increase in credit risk adjusted rate will increase the value of the derivative

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranty Liability	Changes in accrued warranty liabilities during the indicated periods are as follows: Six months ended June 30, 2024 2023 Balance, January 1 $ 17,871 $ 13,550 Provision 2,856 10,043 Utilized (5,233) (6,888) Foreign currency adjustment (45) 369 Balance, June 30 $ 15,449 $ 17,074

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Lease Cost	The table below presents certain information related to the Company’s lease costs: Six months ended June 30, 2024 2023 Operating lease expense $ 2,894 $ 960 Short-term lease expense 281 256 Total lease cost $ 3,175 $ 1,216

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table provides a reconciliation of the Company’s net loss from discontinued operations presented in the consolidated statements of operations for the six months ended June 30, 2024 and 2023. Six months ended June 30, 2024 2023 Revenue $ — $ — Cost of sales — (119) Gross profit — 119 Operating expenses: General and administrative 64 525 Research and development — 24 Sales and marketing — 1 Total operating expenses 64 550 Operating loss from discontinued operations (64) (431) Loss from discontinued operations, before income taxes (64) (431) Income tax benefit (expense) — — Net loss from discontinued operations $ (64) $ (431)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2018
Business Acquisition [Line Items]
Cash, cash equivalents, restricted cash, and restricted cash equivalents, including disposal group and discontinued operations	$ 69,377	$ 21,228	$ 91,784	$ 29,312
Net working capital	33,064
Net cash provided by (used in) operating activities, continuing operations	(7,288)	(11,921)
Internal-use software development costs	(7,352)	$ (12,350)
The Credit Facility Mature On January 2028 | Revolver
Business Acquisition [Line Items]
Line of credit facility, maximum borrowing capacity					$ 50,000
Revolver | Revolver
Business Acquisition [Line Items]
Line of credit facility, maximum borrowing capacity					$ 35,000
Revolver | Revolver | Revolving Credit Facility
Business Acquisition [Line Items]
Debt instrument, unused borrowing capacity, amount	$ 9,157		$ 20,473

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Accounts Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, January 1	$ 2,599	$ 2,970
Adjustments and provision for estimated credit losses	276	(728)
Write offs and collections of accounts receivable	(1,219)	(2)
Foreign currency adjustments	(39)	66
Balance, June 30	$ 1,617	$ 2,306

Business Combinations - Narrati

Business Combinations - Narrative (Details) $ in Thousands	Dec. 13, 2023 USD ($)
GEH Singapore | eLMTree
Asset Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired	85%
Gravitas Education Holdings, Inc.
Asset Acquisition [Line Items]
Business acquisition, goodwill, expected tax deductible amount	$ 0

Business Combinations - Schedul

Business Combinations - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	6 Months Ended		7 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Dec. 13, 2023
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Goodwill	$ 45,545		$ 45,545	$ 46,924
Measurement period adjustment, Goodwill	1,228	$ 0
Gravitas Education Holdings, Inc.
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Cash and cash equivalents	16,138		16,138		$ 16,138
Measurement period adjustment, Cash and cash equivalents			0
Accounts receivable, net	1,464		1,464		1,464
Measurement period adjustment, Accounts receivable, net			0
Prepaid expenses and other current assets	2,130		2,130		902
Measurement period adjustment, prepaid expenses and other current assets			1,228
Current tax assets	282		282		282
Measurement period adjustment, Current tax assets			0
Amounts due from related parties	46		46		46
Measurement period adjustment, adjustment, amounts due from related parties			0
Inventories	141		141		141
Measurement period adjustment, Inventories			0
Operating lease right-of-use assets	4,860		4,860		5,398
Measurement period adjustment, Operating lease, right-of-use assets			(538)
Property and equipment, net	4,773		4,773		4,773
Measurement period adjustment, Property and equipment, net			0
Other non-current assets	2,226		2,226		2,226
Measurement period adjustment, Other non-current assets			0
Intangible assets	7,750		7,750		7,750
Measurement period adjustment, Intangible assets			0
Total Assets	39,810		39,810		39,121
Measurement period adjustment, Total Assets			690
Accrued expenses and other current liabilities	(5,604)		(5,604)		(5,496)
Measurement period adjustment, Accrued expenses and other current liabilities			(108)
Operating lease liabilities - current	(2,903)		(2,903)		(2,903)
Measurement period adjustment, Operating Lease, Liability, Current			0
Operating lease liabilities - non-current	(1,957)		(1,957)		(2,603)
Measurement period adjustment, Operating Lease, Liability, Noncurrent			646
Contract liabilities - current	(1,730)		(1,730)		(1,730)
Measurement period adjustment, Contract liabilities - current			0
Income tax payable	(382)		(382)		(382)
Measurement period adjustment, Income tax payable			0
Other non-current liabilities	(3,977)		(3,977)		(3,977)
Measurement period adjustment, Other non-current liabilities			0
Deferred tax liability	(1,317)		(1,317)		(1,317)
Measurement period adjustment, Deferred tax liability			0
Total Liabilities	(17,870)		(17,870)		(18,408)
Measurement period adjustment, Total Liabilities			538
Total identifiable net assets at fair value	21,940		21,940		20,713
Measurement period adjustment, Total identifiable net assets at fair value			1,228
Goodwill	2,764		2,764		3,991
Measurement period adjustment, Goodwill			(1,228)
Non-controlling interest	(1,855)		(1,855)		(1,855)
Measurement period adjustment, Non-controlling Interest			0
Purchase consideration transferred	$ 22,849		22,849		$ 22,849
Measurement period adjustment, Purchase consideration transferred			$ 0

Business Combinations - Sched_2

Business Combinations - Schedule of Acquired Finite-Lived Intangible Assets by Major Class (Details) - Gravitas Education Holdings, Inc. - USD ($) $ in Thousands	Dec. 13, 2023	Jun. 30, 2024
Business Acquisition [Line Items]
Purchase price allocation	$ 7,750	$ 7,750
Student base (Childcare)
Business Acquisition [Line Items]
Purchase price allocation	$ 4,000
Useful lives (in years)	4 years
Franchise relationships
Business Acquisition [Line Items]
Purchase price allocation	$ 1,700
Useful lives (in years)	10 years
Brands
Business Acquisition [Line Items]
Purchase price allocation	$ 1,600
Useful lives (in years)	10 years
Content
Business Acquisition [Line Items]
Purchase price allocation	$ 450
Useful lives (in years)	5 years

Revenue Recognition - Revenue f

Revenue Recognition - Revenue from External Customers by Products and Services (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Revenue from External Customer [Line Items]
Revenue	$ 165,983	$ 222,497
Revenue from hardware, proprietary embedded firmware and accessories
Revenue from External Customer [Line Items]
Revenue	137,248	215,224
Revenue from services
Revenue from External Customer [Line Items]
Revenue	23,038	4,265
Revenue from SaaS
Revenue from External Customer [Line Items]
Revenue	2,463	2,759
Revenue from software upgrade rights
Revenue from External Customer [Line Items]
Revenue	$ 3,234	$ 249

Revenue Recognition - Contract

Revenue Recognition - Contract with Customer, Contract Asset, Contract Liability, and Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Deferred Revenue Arrangement [Line Items]
Contract with customer, liability	$ 37,161	$ 35,872
Deferred revenue: enhanced warranties
Deferred Revenue Arrangement [Line Items]
Contract with customer, liability	21,349	21,057
Deferred revenue: other services
Deferred Revenue Arrangement [Line Items]
Contract with customer, liability	$ 15,812	$ 14,815

Revenue Recognition - Revenue,

Revenue Recognition - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Deferred revenue: enhanced warranties
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 21,349
Deferred revenue: other services
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 15,812
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Deferred revenue: enhanced warranties
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 1,683
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Deferred revenue: other services
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 10,063
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Deferred revenue: enhanced warranties
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 5,022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Deferred revenue: other services
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 3,847
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Deferred revenue: enhanced warranties
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 5,866
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Deferred revenue: other services
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 1,178
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Deferred revenue: enhanced warranties
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 4,682
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Deferred revenue: other services
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 510
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	4 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | Deferred revenue: enhanced warranties
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 2,785
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | Deferred revenue: other services
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 207
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01 | Deferred revenue: enhanced warranties
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 1,311
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01 | Deferred revenue: other services
Deferred Revenue Arrangement [Line Items]
Revenue, remaining performance obligation, amount	$ 7

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract with customer, liability, revenue recognized	$ 8,793,000	$ 5,883,000
Contract with customer, asset, after allowance for credit loss	$ 0		$ 0

Segment Disclosures - Narrative

Segment Disclosures - Narrative (Details) - segment	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2022
Segment Reporting [Abstract]
Number of reportable segments	2
Number of operating segments		1

Segment Disclosures - Schedule

Segment Disclosures - Schedule of Segment Reporting Information, by Segment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Revenue	$ 165,983	$ 222,497
Cost of sales	120,607	164,036
Depreciation and amortization	4,044	2,526
Operating loss	(12,094)	(19,317)
Interest income	1,314	6
Other income (expense), net	(1,066)	1,294
Pre-tax loss from continuing operations	(8,115)	(20,383)
Income tax expense	39,631	(5,143)
Net loss	(47,810)	$ (15,671)
Property plant and equipment	35,355		$ 31,832
Right-of-use assets	7,882		7,491
Intangible assets, net	48,647		51,450
eLMTree
Segment Reporting Information [Line Items]
Revenue	146,853
Cost of sales	104,039
Depreciation and amortization	2,724
Operating loss	11,271
Interest expense	5,489
Interest income	1,314
Other income (expense), net	(1,468)
Pre-tax loss from continuing operations	7,665
Income tax expense	39,616
Net loss	47,281
Property plant and equipment	10,172		7,037
Right-of-use assets	1,479		2,412
Intangible assets, net	41,607		43,700
GEH Singapore
Segment Reporting Information [Line Items]
Revenue	19,130
Cost of sales	16,568
Depreciation and amortization	1,320
Operating loss	823
Interest expense	29
Interest income	0
Other income (expense), net	402
Pre-tax loss from continuing operations	450
Income tax expense	15
Net loss	465
Property plant and equipment	4,724		4,841
Right-of-use assets	6,403		5,079
Intangible assets, net	$ 7,040		$ 7,750

Inventories - Schedule of Inven

Inventories - Schedule of Inventory, Current (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 0	$ 814
Finished goods	33,662	52,284
Inventory, net	$ 33,662	$ 53,098

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Current tax assets	$ 3,489	$ 4,545
Prepaid Expenses	4,341	6,026
Other	4,602	4,095
Prepaid expenses and other current assets	$ 12,432	$ 14,666

Property, Plant, and Equipmen_3

Property, Plant, and Equipment, net - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 35,355	$ 31,832
Less: Accumulated depreciation	(20,459)	(19,954)
Property, plant, and equipment, net	14,896	11,878
Buildings
Property, Plant and Equipment [Line Items]
Property plant and equipment	5,374	5,462
Plant and machinery
Property, Plant and Equipment [Line Items]
Property plant and equipment	2,234	2,246
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property plant and equipment	131	132
Computer and office equipment
Property, Plant and Equipment [Line Items]
Property plant and equipment	16,522	16,602
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property plant and equipment	1,961	1,805
Internal use software
Property, Plant and Equipment [Line Items]
Property plant and equipment	2,989	1,719
Construction in progress
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 6,144	$ 3,866

Property, Plant, and Equipmen_4

Property, Plant, and Equipment, net - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Depreciation	$ 1,245	$ 876
Cost of Sales
Property, Plant and Equipment [Line Items]
Depreciation	734	169
Selling and Marketing Expense
Property, Plant and Equipment [Line Items]
Depreciation	190	268
Research and Development Expense
Property, Plant and Equipment [Line Items]
Depreciation	157	186
General and Administrative Expense
Property, Plant and Equipment [Line Items]
Depreciation	$ 164	$ 253

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Indefinite-lived intangible assets (excluding goodwill)	$ 35,997,000		$ 35,997,000
Impairment of intangible assets, finite-lived	0	$ 0
Amortization of intangible assets	$ 2,799,000	$ 2,156,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 56,208	$ 56,217
Accumulated Amortization	(43,558)	(40,764)
Net Book Value	12,650	15,453
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,514	10,514
Accumulated Amortization	(10,514)	(10,514)
Net Book Value	0	0
Patent and developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	37,317	37,323
Accumulated Amortization	(32,006)	(30,023)
Net Book Value	5,311	7,300
Student base (Childcare)
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,000	4,000
Accumulated Amortization	(500)	0
Net Book Value	3,500	4,000
Franchise relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,700	1,700
Accumulated Amortization	(85)	0
Net Book Value	1,615	1,700
Brands
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,600	1,600
Accumulated Amortization	(80)	0
Net Book Value	1,520	1,600
Tradenames
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	573	576
Accumulated Amortization	(299)	(207)
Net Book Value	274	369
Content
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	450	450
Accumulated Amortization	(45)	0
Net Book Value	405	450
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	54	54
Accumulated Amortization	(29)	(20)
Net Book Value	$ 25	$ 34

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued payroll	$ 12,174	$ 18,525
Deferred R&D credits	4,433	5,053
Rebates and customer advances	1,241	1,242
Interest payable	2,640	4,006
Accrued duty, freight and related expenses	5,745	4,005
Royalties	1,072	2,471
Value added tax payables	953	1,751
Other accrued expenses and liabilities	8,985	8,336
Total accrued expenses and other current liabilities	$ 37,243	$ 45,389

Accrued Expenses and Other Cu_4

Accrued Expenses and Other Current Liabilities - Narrative (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Accrued employee benefits, current	$ 7,352
Employee-related Liabilities, Current
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Accrued employee benefits, current	1,973
Other Accrued Liabilities, Current
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Accrued employee benefits, current	$ 478

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net loss attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations, basic	$ (47,676)	$ (15,240)
Net loss attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations, diluted	(47,676)	(15,240)
Net loss attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations, basic	(64)	(431)
Net loss attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations, diluted	(64)	(431)
Net loss attributable to ordinary shareholders of Mynd.ai, Inc., basic	(47,740)	(15,671)
Net loss attributable to ordinary shareholders of Mynd.ai, Inc., diluted	$ (47,740)	$ (15,671)
Denominator:
Weighted average shares outstanding used in calculating net loss per share - basic (in shares)	456,477,820	426,422,220
Weighted average shares outstanding used in calculating net loss per share - diluted (in shares)	456,477,820	426,422,220
Basic and diluted loss per share:
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations - basic (in dollars per share)	$ (0.10)	$ (0.04)
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from continuing operations - diluted (in dollars per share)	(0.10)	(0.04)
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations - basic (in dollars per share)	0	0
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. from discontinued operations - diluted (in dollars per share)	0	0
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. - diluted (in dollars per share)	(0.10)	(0.04)
Net loss per share attributable to ordinary shareholders of Mynd.ai, Inc. - basic (in dollars per share)	$ (0.10)	$ (0.04)

Net Loss Per Share - Schedule_2

Net Loss Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details)	6 Months Ended
	Jun. 30, 2024 shares
Convertible note
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	33,021,304
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	1,266,753

Share-based Compensation (Detai

Share-based Compensation (Details) - USD ($) $ in Thousands		6 Months Ended
	Apr. 10, 2024	Jun. 30, 2024	Jun. 30, 2023	Jan. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation		$ 1,131	$ 0
Share-based payment arrangement, nonvested award, cost not yet recognized, amount		$ 12,437
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition		2 years 8 months 1 day
American Depositary Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized (in shares)				54,777,338
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period (in shares)	3,501,350
Share-based compensation arrangement by share-based payment award, non-option equity instruments, outstanding, number (in shares)		3,461,171

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Jul. 15, 2022
Related Party Transaction [Line Items]
Due from related parties	$ 2,319		$ 2,759
Cost of sales	120,607	$ 164,036
Non-controlling interest	1,819		1,889
Related Party
Related Party Transaction [Line Items]
Accounts payable	6,107		5,080
Cost of sales	2,823		5,329
Long-term debt, excluding current maturities	4,715		$ 4,670
Related Party | Loans payable, related parties, non-current | Loans Payable
Related Party Transaction [Line Items]
Long-term debt, excluding current maturities	$ 4,715	$ 4,670
Related Party | July 2022 Related Party Loan Agreement
Related Party Transaction [Line Items]
Debt instrument, face amount					$ 10,000
Long-term debt, gross				$ 7,919

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Debt Instrument [Line Items]
Less revolver issuance costs	$ (176)	$ (252)
Loans payable, current	21,292	31,942
Less issuance costs on convertible debt	(86)	(116)
Debt, long-term and short-term, combined amount	83,748	101,471
Proceeds from issuance of debt	50,260	50,260
Debt, accrued PIK interest	146	169
Amortization of debt issuance costs and discounts	719	156
Nonrelated Party
Debt Instrument [Line Items]
Loans payable, current	21,292	31,942
Loans payable, non-current	57,741	64,859
Related Party
Debt Instrument [Line Items]
Loans payable, non-current	4,715	4,670
Payment in Kind (PIK) Note
Debt Instrument [Line Items]
Long-term debt, excluding current maturities, gross	1,643
Paycheck Protection Program Loan | Loans Payable
Debt Instrument [Line Items]
Long-term debt, current maturities, gross	180	194
Long-term debt, excluding current maturities, gross	0	82
Convertible Debt | Loans Payable
Debt Instrument [Line Items]
Long-term debt, excluding current maturities, gross	52,768	50,585
Embedded derivative	5,059	14,308
Loans payable, related parties, non-current | Loans Payable | Related Party
Debt Instrument [Line Items]
Loans payable, non-current	4,715		$ 4,670
Revolving Credit Facility | Revolver | Revolver
Debt Instrument [Line Items]
Long-term debt, current maturities, gross	$ 21,288	$ 32,000

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-Term Debt (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt, accrued PIK interest	$ 146	$ 169
Payment in Kind (PIK) Note
Debt Instrument [Line Items]
Long-term debt, excluding current maturities, gross	1,643
Debt (Excluding Debt Discount and Issuance Costs and NetDragon Group Loan)
Debt Instrument [Line Items]
Remainder of 2024	98
2025	82
2026	0
2027	0
2028	88,077
Thereafter	0
Long-term debt	88,257
Convertible Senior Notes | Convertible Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 65,000

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 13, 2023	May 31, 2020	Jun. 30, 2018
Debt Instrument [Line Items]
Derivative, underlying investment, fair value	$ 5,059			$ 14,308
Gain on embedded derivative	9,249	$ 0
Revolver amendment fee and expense	77
Payment in Kind (PIK) Note
Debt Instrument [Line Items]
Long-term debt, excluding current maturities, gross	1,643
Convertible Senior Notes | Convertible Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 65,000
Debt instrument, cash interest rate	5%
Debt instrument, paid in kind interest rate	5%
Revolver | Revolver
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity						$ 35,000
Revolver | Revolver | Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, current maturities, gross	$ 21,288		$ 32,000
Debt instrument, unused borrowing capacity, amount	9,157		20,473
Revolver | Revolver | Revolving Credit Facility | 7.85% Annual Interest Rate
Debt Instrument [Line Items]
Interest costs incurred	$ 15,288		$ 10,000
Line of credit facility, interest rate during period	9.80%		8.06%
Revolver | Revolver | Revolving Credit Facility | 6.25% Annual Interest Rate
Debt Instrument [Line Items]
Interest costs incurred	$ 3,000		$ 14,000
Line of credit facility, interest rate during period	7.68%		8.09%
Revolver | Revolver | Revolving Credit Facility | 6.36% Annual Interest Rate
Debt Instrument [Line Items]
Interest costs incurred	$ 3,000		$ 8,000
Line of credit facility, interest rate during period	7.71%		8.08%
The Credit Facility Mature On March 2024 | Revolver
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity						74,000
The Credit Facility Mature On January 2028 | Revolver
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity						$ 50,000
Paycheck Protection Program Loan | Loans Payable
Debt Instrument [Line Items]
Debt instrument, face amount					$ 5,396
Long-term debt, excluding current maturities, gross	$ 0		$ 82
Long-term debt, current maturities, gross	180		194
Debt instrument, interest rate, stated percentage					1%
Interest receivable	1		$ 2
Repayments of debt	$ 97	$ 96

Debt - Fair Value Measurement I

Debt - Fair Value Measurement Inputs and Valuation Techniques (Details)	Jun. 30, 2024	Dec. 31, 2023
Expected volatility
Debt Instrument [Line Items]
Long-term debt, measurement input	0.620	0.560
Risk-free rate
Debt Instrument [Line Items]
Long-term debt, measurement input	0.044	0.038
Credit risk adjusted rate
Debt Instrument [Line Items]
Long-term debt, measurement input	0.200	0.200

Commitments and Contingencies -

Commitments and Contingencies -Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance, January 1	$ 17,871	$ 13,550
Provision	2,856	10,043
Utilized	(5,233)	(6,888)
Foreign currency adjustment	(45)	369
Balance, June 30	$ 15,449	$ 17,074

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Standard and extended product warranty accrual, decrease for lower estimated future costs	$ 2,489
Standard and extended product warrant accrual, decrease for other expenses		$ 3,602

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease expense	$ 2,894	$ 960
Short-term lease expense	281	256
Total lease cost	$ 3,175	$ 1,216

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Deferred tax assets, net			$ 41,362
Income tax expense (benefit)	$ 39,631	$ (5,143)

Employee Benefits Plan (Details

Employee Benefits Plan (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Postemployment Benefits [Abstract]
Defined contribution plan, cost	$ 2,493	$ 1,289

Significant Concentrations (Det

Significant Concentrations (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Concentration Risk [Line Items]
Revenue	$ 165,983	$ 222,497
Cost of sales	120,607	$ 164,036
Accounts receivable, after allowance for credit loss, current	$ 67,660		$ 63,865
Cost of Goods and Service Benchmark | Supplier Concentration Risk | Two Suppliers
Concentration Risk [Line Items]
Concentration risk, percentage	52.10%	63.60%
Cost of sales	$ 62,821	$ 104,262
Customer One | Revenue from Contract with Customer Benchmark | Customer Concentration Risk
Concentration Risk [Line Items]
Revenue	$ 27,030	$ 52,330
Concentration risk, percentage	16.30%	23.50%
Customer Two | Revenue from Contract with Customer Benchmark | Customer Concentration Risk
Concentration Risk [Line Items]
Revenue	$ 17,806	$ 22,494
Concentration risk, percentage	10.70%	10.10%
One Customers | Accounts Receivable | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	12.60%		21.10%
Accounts receivable, after allowance for credit loss, current	$ 8,492		$ 13,476

Discontinued Operations - Dispo

Discontinued Operations - Disposal Groups, Including Discontinued Operations (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net loss from discontinued operations	$ (64)	$ (431)
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0	0
Cost of sales	0	(119)
Gross profit	0	119
General and administrative	64	525
Research and development	0	24
Sales and marketing	0	1
Total operating expenses	64	550
Operating loss from discontinued operations	(64)	(431)
Loss from discontinued operations, before income taxes	(64)	(431)
Income tax benefit (expense)	0	0
Net loss from discontinued operations	$ (64)	$ (431)