v3.25.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 38,725 $ 62,476
Investments 12,972 46,236
Accounts receivable, net 32,932 30,766
Inventory 4,992 4,739
Prepaid expenses and other current assets 8,249 12,245
Total current assets 97,870 156,462
Property and equipment, net 244 400
Operating lease right-of-use assets 5,081 5,884
Restricted cash 350 338
Other assets 1,334 1,334
Total assets 104,879 164,418
Current liabilities:    
Accounts payable 2,597 5,107
Accrued expenses 62,929 60,652
Convertible senior notes due 2025 24,484 24,426
Senior secured term loan 6,250 0
Operating lease liabilities 1,383 438
Other current liabilities 1,573 1,641
Total current liabilities 99,216 92,264
Convertible senior notes due 2029 62,684 68,345
Senior secured term loan, net of current portion 89,566 94,603
Deferred royalty obligation 73,499 73,499
Common stock warrants 4,333 12,582
Operating lease liabilities, net of current portion 6,251 6,712
Other liabilities 8,256 2,430
Total liabilities 343,805 350,435
Stockholders' deficit    
Preferred stock, $0.0001 par value; 5,000 shares authorized; none issued and outstanding 0 0
Common stock, $0.0001 par value; 53,333 shares authorized; 8,647 and 8,413 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 13 13
Additional paid-in capital 1,385,486 1,377,786
Accumulated other comprehensive loss (251) (356)
Accumulated deficit (1,624,174) (1,563,460)
Total stockholders' deficit (238,926) (186,017)
Total liabilities and stockholders' deficit $ 104,879 $ 164,418