v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 34,421 $ 32,412
Short-term investments 46,584 20,821
Accounts receivable 15,836 10,890
Inventories 10,523 6,933
Prepaid expenses and other current assets 6,118 2,704
Total current assets 113,482 73,760
Property, plant and equipment, net 2,401 1,790
Right-of-use assets 993 1,039
Total assets 116,876 76,589
Current liabilities    
Accounts payable 4,716 961
Accrued expenses 5,603 5,078
Lease liabilities, current 116 105
Total current liabilities 10,435 6,144
Lease Liabilities, non-current 877 933
Other liabilities, non-current 578 766
Total liabilities 11,890 7,843
Commitments and contingencies (see Note 12)
Stockholders’ equity    
Preferred stock, $0.01 par value; 10,000,000 shares authorized; 14,192 and 14,192 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 0 0
Common stock, $0.01 par value; 80,000,000 shares authorized; 34,955,974 shares and 33,061,002 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 350 331
Additional paid-in capital 631,826 599,881
Accumulated deficit (527,782) (531,548)
Accumulated other comprehensive income 592 82
Total stockholders’ equity 104,986 68,746
Total liabilities and stockholders’ equity $ 116,876 $ 76,589