v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (33,785,000) $ (16,829,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 978,000 807,000
Amortization of intangible assets 4,734,000 4,734,000
Non-cash lease expense 465,000 461,000
Stock-based compensation expense 10,338,000 6,972,000
Allowance for expected credit losses 0 346,000
Equity method investment loss 0 280,000
Loss (gain) from change in fair value of earnout liability 7,914,000 (8,113,000)
Deferred income taxes 0 (13,000)
Change in operating assets and liabilities:    
Accounts receivable (106,000) 1,209,000
Inventories (1,642,000) (585,000)
Prepaid expenses and other current assets 173,000 (609,000)
Other assets (77,000) 7,000
Accounts payable, accrued compensation and other accrued expenses (4,700,000) (1,729,000)
Operating lease liability (469,000) (471,000)
Deferred revenue (185,000) 0
Net cash used in operating activities (16,362,000) (13,533,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (388,000) (41,000)
Net cash used in investing activities (388,000) (41,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock in connection stock option exercises 804,000 131,000
Proceeds from employee stock purchase plan 793,000 818,000
Payments on finance lease obligations (79,000) 0
Net cash provided by financing activities 1,518,000 949,000
NET INCREASE (DECREASE) IN CASH (15,232,000) (12,625,000)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 238,602,000 88,240,000
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 223,370,000 75,615,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 25,000 64,000
Cash paid for interest 9,000 0
Capital expenditures in accounts payable $ 0 $ 314,000