v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 216,908 $ 217,049
Accounts receivable 1,113 573
Marketable securities 16,812 35,949
Inventory 4,637 4,479
Prepaid expenses and other current assets 2,512 3,527
Total current assets 241,982 261,577
Property and equipment, net 146 182
Goodwill 17,351 17,351
Intangible asset, net 9,063 9,250
Right-of-use assets 1,035 1,409
Other assets 704 692
Total assets 270,281 290,461
Current liabilities:    
Accounts payable 5,073 5,696
Accrued expenses 17,055 18,603
Deferred revenue 910 464
Current portion of lease liability 733 994
Total current liabilities 23,771 25,757
Long-term debt, including accretion, net of discount 76,520 76,291
Warrant liability 897 977
Deferred revenue 117 621
Other liabilities 526 525
Total liabilities 101,831 104,171
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.001 par value. 10,000,000 shares authorized and no shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 0 0
Common stock, $0.001 par value, 500,000,000 shares authorized as of March 31, 2026 and December 31, 2025, respectively; 94,319,696 and 90,906,920 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 94 91
Additional paid-in capital 783,273 780,862
Accumulated other comprehensive loss (122) (109)
Accumulated deficit (614,795) (594,554)
Total stockholders’ equity 168,450 186,290
Total liabilities and stockholders’ equity $ 270,281 $ 290,461