v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 21,743 $ 28,864
Marketable securities 28,106 83,143
Accounts receivable 3,896 1,187
Inventories 3,659 2,345
Other current assets 10,912 7,761
Total current assets 68,316 123,300
Operating lease right-of-use assets 1,996 3,826
Property, plant and equipment, net 12,753 10,332
Intangible assets, net 1,275 1,725
Other noncurrent assets 6,809 8,306
Total assets 91,149 147,489
Liabilities and stockholders' equity    
Accounts payable 4,793 5,453
Accrued liabilities 5,809 5,710
Accrued employee costs 2,445 5,783
Lease liability, current portion 1,824 3,039
Share subscription liability 77,496 0
Other current liabilities 13,352 19,174
Total current liabilities 105,719 39,159
Lease liability, noncurrent portion 3 720
Warrant liability 102,136 8,258
Other liabilities 1,472 0
Total liabilities 209,330 48,137
Commitments and contingencies (Note 15)
Convertible preferred stock $0.0001 par value; 10,000 shares authorized; no,shares issued and outstanding 0 0
Stockholders' Deficit    
Common stock $0.0001 par value; 422,000 shares authorized; 55,430 and 54,140 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 6 6
Additional paid-in capital 721,288 711,160
Accumulated other comprehensive income (loss) (5) 47
Accumulated deficit (839,470) (611,861)
Total stockholders' equity (deficit) (118,181) 99,352
Total liabilities and stockholders' equity (deficit) $ 91,149 $ 147,489