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, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 37,991 $ 39,568
Accounts receivable, net 19,113 29,532
Inventory, net 12,045 14,153
Prepaid expenses and other current assets 6,933 6,065
Total Current Assets 76,082 89,318
Restricted cash 613 89
Property and equipment, net 42,434 42,691
Operating lease right-of-use assets 5,805 6,331
Intangible assets, net 5,759 6,634
Goodwill 1,742 1,742
Other assets 729 648
Total Assets 133,164 147,453
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 46,376 47,242
Current portion of earn-out liabilities 1,005 1,005
Notes payable 265 265
Current portion of operating lease liabilities 2,498 2,781
Current portion of financing lease liabilities 42 42
Current portion of deferred revenue 11,686 12,137
Total Current Liabilities 61,872 63,472
Earn-out liabilities, non-current portion 981 981
Operating lease liabilities, non-current portion 4,537 4,804
Financing lease liabilities, non-current portion 53 64
Deferred revenue, non-current portion 2,545 5,145
Other liabilities 9,154 8,497
Total Liabilities 79,142 82,963
Commitments and contingencies (Note 7)
Stockholders’ Equity:    
Preferred stock, $0.001 par value, 40,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2026 and December 31, 2025
Common stock, $0.001 par value, 500,000,000 shares authorized, 143,147,682 and 142,128,133 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 143 142
Additional paid-in capital 896,832 895,505
Accumulated other comprehensive loss (8,964) (8,731)
Accumulated deficit (833,989) (822,426)
Total Stockholders’ Equity 54,022 64,490
Total Liabilities and Stockholders’ Equity $ 133,164 $ 147,453