v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 52,445 $ 40,753
Short-term investments 187,280 195,657
Other receivables 1,212 1,853
Inventory 7,070 7,436
Prepaid expenses and other current assets 3,118 3,248
Total current assets 255,267 253,323
Long-term investments 45,579 63,103
Operating lease right-of-use assets 22,228 22,791
Property and equipment, net 17,039 18,575
Restricted cash 524 524
Other assets 6,624 8,281
Total assets 347,261 366,597
Current liabilities:    
Accounts payable 4,450 4,621
Accrued expenses 5,916 7,937
Deferred revenue 413 408
Operating lease liabilities, current 2,376 2,312
Other current liabilities 41 50
Total current liabilities 13,196 15,328
Operating lease liabilities, net of current portion 23,028 23,652
Other noncurrent liabilities 31 48
Total liabilities 36,255 39,028
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.00001 par value; 5,000,000 shares authorized as of March 31, 2025 and December 31, 2024; zero shares issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Additional paid-in capital 723,020 719,804
Accumulated other comprehensive gain 305 136
Accumulated deficit (412,320) (392,372)
Total stockholders’ equity 311,006 327,569
Total liabilities and stockholders’ equity 347,261 366,597
Class A common stock    
Stockholders’ equity:    
Common stock 1 1
Class B common stock    
Stockholders’ equity:    
Common stock 0 0
Nonrelated Party    
Current assets:    
Accounts receivable, net 4,090 3,997
Related Party    
Current assets:    
Accounts receivable, net $ 52 $ 379