v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 183,646 $ 100,019
Restricted cash 5,000 5,000
Marketable securities 659,422 826,232
Trade receivables, net 61,428 53,822
Inventory 55,241 34,068
Prepaid expenses and other current assets 23,242 13,786
Total current assets 987,979 1,032,927
Property and equipment, net 1,901 2,190
Intangible assets, net 4,639 4,729
Right-of-use asset 2,110 2,401
Total assets 996,629 1,042,247
Current liabilities:    
Accounts payable 42,056 43,599
Accrued liabilities 124,165 124,695
Lease liability 1,016 983
Total current liabilities 167,237 169,277
Long term liabilities:    
Loan payable, net of discount 118,005 117,569
Lease liability 750 1,018
Total long term liabilities 118,755 118,587
Total liabilities 285,992 287,864
Stockholders’ equity:    
Preferred stock, par value $0.0001 per share authorized: 5,000,000 shares at March 31, 2025 and December 31, 2024; 2,369,797 and 2,369,797 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 0 0
Common stock, par value $0.0001 per share authorized: 200,000,000 at March 31, 2025 and December 31, 2024; 22,187,716 and 22,004,679 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 2 2
Additional paid-in-capital 2,585,666 2,556,095
Accumulated other comprehensive income 389 468
Accumulated deficit (1,875,420) (1,802,182)
Total stockholders’ equity 710,637 754,383
Total liabilities and stockholders’ equity $ 996,629 $ 1,042,247