v3.25.2
Inventory
6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Inventory Inventory
As of June 30, 2025 and December 31, 2024 inventory consisted of the following:
(in thousands)June 30, 2025December 31, 2024
Work in progress $17,620 $18,338 
Finished goods 143 49 
Total inventory, net$17,763 $18,387 
Inventory write-downs of $390 and $1,636 were recognized for the three and six months ended June 30, 2025, respectively, and $288 and $1,036 were recognized for the three and six months ended June 30, 2024, respectively, and charged to cost of product sales in the Company’s unaudited condensed consolidated statements of operations.