Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 25,318 $ 41,774
Marketable securities 13,630
Accounts receivable, net 34,703 43,201
Inventory, net 32,706 38,280
Prepaid expenses and other current assets 5,773 4,267
Total Current Assets 98,500 141,152
Restricted cash 84 78
Property and equipment, net 36,087 38,671
Operating lease right-of-use asset 7,549 9,212
Intangible assets, net 7,666 10,388
Goodwill 17,897 17,897
Other assets 639 590
Total Assets 168,422 217,988
Current Liabilities:    
Accounts payable 25,939 28,888
Accrued expenses and other current liabilities 8,956 9,482
Notes payable 265 265
Current portion of operating lease liabilities 3,661 3,216
Current portion of financing lease liabilities 35 34
Current portion of deferred revenue 19,153 17,359
Total Current Liabilities 58,009 59,244
Consideration payable 23,491 21,028
Operating lease liabilities, non-current portion 5,526 7,162
Financing lease liabilities, non-current portion 79 97
Deferred revenue, non-current portion 9,813 10,603
Other liabilities 752 1,152
Total Liabilities 97,670 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 June 30, 2025 and December 31, 2024 , respectively
Common stock, $0.001 par value, 500,000,000 shares authorized, 103,100,485 and 101,970,907 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 103 102
Additional paid-in capital 862,943 860,300
Accumulated other comprehensive loss (3,773) (5,845)
Accumulated deficit (788,521) (735,855)
Total Stockholders’ Equity 70,752 118,702
Total Liabilities and Stockholders’ Equity $ 168,422 $ 217,988