Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 42,024 $ 41,774
Marketable securities 13,630
Accounts receivable, net 37,627 43,201
Inventory, net 38,841 38,280
Prepaid expenses and other current assets 4,584 4,267
Total Current Assets 123,076 141,152
Restricted cash 77 78
Property and equipment, net 39,835 38,671
Operating lease right-of-use asset 8,668 9,212
Intangible assets, net 8,945 10,388
Goodwill 17,897 17,897
Other assets 580 590
Total Assets 199,078 217,988
Current Liabilities:    
Accounts payable 26,057 28,888
Accrued expenses and other current liabilities 9,688 9,482
Notes payable 265 265
Current portion of operating lease liabilities 3,856 3,216
Current portion of financing lease liabilities 35 34
Current portion of deferred revenue 17,455 17,359
Total Current Liabilities 57,356 59,244
Consideration payable 21,707 21,028
Operating lease liabilities, non-current portion 6,092 7,162
Financing lease liabilities, non-current portion 88 97
Deferred revenue, non-current portion 10,380 10,603
Other liabilities 852 1,152
Total Liabilities 96,475 99,286
Commitments and contingencies (Note 8)  
Stockholders’ Equity:    
Preferred stock, $0.001 par value, 40,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively
Common stock, $0.001 par value, 500,000,000 shares authorized, 102,722,918 and 101,970,907 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 103 102
Additional paid-in capital 862,156 860,300
Accumulated other comprehensive loss (3,094) (5,845)
Accumulated deficit (756,562) (735,855)
Total Stockholders’ Equity 102,603 118,702
Total Liabilities and Stockholders’ Equity $ 199,078 $ 217,988