v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 109,965 $ 135,571
Restricted cash 569 580
Accounts receivable, net 103,320 109,861
Inventories, net 29,338 26,219
Asset held for sale (Note 6) 7,033  
Prepaid expenses and other current assets 17,935 13,710
Total current assets 268,160 285,941
Property and equipment, net 75,518 89,128
Intangible assets, net 11,626 12,468
Goodwill 28,772 28,772
Operating lease right-of-use assets, net 36,756 37,110
Deferred tax asset, net 40,728 39,462
Other assets 5,834 5,005
Total assets 467,394 497,886
Current liabilities:    
Current portion of finance lease obligations 1,193 1,170
Current portion of operating lease obligations - related party 3,712 3,671
Current portion of operating lease obligations 4,353 4,272
Accounts payable 24,660 28,911
Accrued expenses and other current liabilities 31,135 39,453
Total current liabilities 65,053 77,477
Finance lease obligations, net of current portion 411 718
Operating lease obligations, net of current portion - related party 7,339 8,283
Operating lease obligations, net of current portion 25,625 25,198
Other liabilities 897 894
Total liabilities 99,325 112,570
Commitments and contingencies (Note 15)
Series A redeemable convertible preferred stock, $0.0001 par value; 130,000 shares authorized, issued and outstanding at March 31, 2025 and December 31, 2024; liquidation preference of $134,014 and $131,387 at March 31, 2025 and December 31,2024, respectively. 125,167 122,419
Stockholders' equity:    
Preferred stock, $0.0001 par value; 870,000 shares authorized at March 31, 2025 and December 31, 2024, respectively; none issued or outstanding 0 0
Common stock, $0.0001 par value; 400,000,000 shares authorized; 127,582,084 and 126,458,784 shares issued; 126,853,536 and 125,730,236 shares outstanding at March 31,2025 and December 31, 2024 , respectively. 13 13
Additional paid-in capital 301,842 302,994
Accumulated deficit (58,953) (40,110)
Total stockholders' equity 242,902 262,897
Total liabilities, redeemable convertible preferred stock, and stockholders' equity $ 467,394 $ 497,886