v3.25.3
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 37,672 $ 62,476
Investments 8,205 46,236
Accounts receivable, net 31,877 30,766
Inventory 3,966 4,739
Prepaid expenses and other current assets 8,026 12,245
Total current assets 89,746 156,462
Property and equipment, net 122 400
Operating lease right-of-use assets 4,680 5,884
Restricted cash 350 338
Other assets 1,334 1,334
Total assets 96,232 164,418
Current liabilities:    
Accounts payable 5,392 5,107
Accrued expenses 66,328 60,652
Convertible senior notes due 2025 250 24,426
Senior secured term loan 12,500 0
Operating lease liabilities 922 438
Other current liabilities 1,765 1,641
Total current liabilities 87,157 92,264
Convertible senior notes due 2029 68,602 68,345
Convertible senior notes due 2025, net of current portion 24,246 0
Senior secured term loan, net of current portion 83,895 94,603
Deferred royalty obligation 73,499 73,499
Common stock warrants 7,965 12,582
Operating lease liabilities, net of current portion 6,008 6,712
Other liabilities 14,118 2,430
Total liabilities 365,490 350,435
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; 8,702 and 8,413 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 13 13
Additional paid-in capital 1,388,289 1,377,786
Accumulated other comprehensive loss (259) (356)
Accumulated deficit (1,657,301) (1,563,460)
Total stockholders' deficit (269,258) (186,017)
Total liabilities and stockholders' deficit $ 96,232 $ 164,418