v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 73,016 $ 85,793
Restricted cash 100 100
Short-term investments 24,000 24,000
Accounts receivable, net of allowances of $2,055 and $1,653, as of March 31, 2026 and December 31, 2025, respectively 12,268 11,362
Inventory 2,063 1,845
Prepaid expenses and other current assets 3,959 3,573
Total current assets 115,406 126,673
Property and equipment, net 1,597 1,487
Operating lease right-of-use assets 1,663 1,826
Other assets 103 134
Total assets 118,769 130,120
Current liabilities:    
Accounts payable 2,952 4,481
Accrued liabilities 3,202 3,287
Accrued compensation 2,785 5,760
Short-term operating lease liabilities 776 752
Total current liabilities 9,715 14,280
Long-term portion of term loan, net 15,364 15,346
Long-term operating lease liabilities 1,115 1,316
Other long-term liabilities 327 309
Total liabilities 26,521 31,251
Commitments and contingencies (Note 9)
Stockholders' equity    
Preferred stock, $0.00001 par value; 10,000,000 shares authorized and zero shares issued and outstanding as of March 31, 2026 and December 31, 2025
Common stock, $0.00001 par value; 600,000,000 shares authorized, 27,232,278 shares issued, and 27,181,501 shares outstanding as of March 31, 2026; 600,000,000 shares authorized, 26,664,243 shares issued, and 26,604,505 shares outstanding as of December 31, 2025 0 0
Additional paid-in capital 201,749 199,674
Accumulated deficit (109,501) (100,805)
Total stockholders' equity 92,248 98,869
Total liabilities and stockholders' equity $ 118,769 $ 130,120