v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 3,766 $ (24,852)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock option compensation expense 14,072 6,014
Depreciation expense 94 62
Warrant liability fair value adjustment 0 10,367
Amortization of Right-of-Use Asset 54 37
Amortization of debt discount 0 447
Interest expense accrued related to convertible notes 0 80
Amortization of premiums and discounts on marketable securities (765) (379)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (3,091) (488)
Accounts receivable (4,946) (3,485)
Inventory (3,590) (2,994)
Accounts payable and accrued expenses 4,137 1,339
Other liabilities, non-current (235) (183)
Net cash provided by (used in) operating activities 9,496 (14,035)
Cash flows from investing activities:    
Purchase of investment (51,152) (20,482)
Maturities of investments 26,127 35,540
Purchase of property, plant and equipment (538) (114)
Net cash (used in) provided by investing activities (25,563) 14,944
Cash flows from financing activities:    
Net proceeds from private placement 0 6,771
Proceeds from the issuance of common stock relating to the employee stock purchase plan 238 75
Repayment of debt 0 (6,107)
Proceeds from exercise of warrants 16,158 259
Proceeds from exercise of stock options 1,496 169
Net cash provided by financing activities 17,892 1,167
Foreign currency effects on cash 184 10
Net increase in total cash 2,009 2,086
Total Cash, Cash Equivalents and Restricted Cash:    
Beginning of period 32,412 12,696
End of period 34,421 14,782
Cash and Cash Equivalents consisted of the following:    
Cash and Cash Equivalents 34,409 14,782
Restricted Cash 12 0
Total 34,421 14,782
Cash paid during the periods for:    
Interest expense 0 375
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Right of use assets obtained in exchange for lease obligations $ 0 $ 1,029