v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 24,321 $ 41,317
Short-term investments 176,648 203,669
Accounts receivable, net 28,662 25,347
Inventories 8,817 8,369
Prepaid expenses and other current assets 6,788 6,194
Total current assets 245,236 284,896
Inventories, noncurrent 23,221 23,053
Property, plant and equipment, net 2,285 2,465
Intangible assets, net 14,176 14,452
Other assets 2,653 2,786
Total assets 287,571 327,652
Current liabilities:    
Accounts payable and accrued liabilities (including related party amounts of $1,431 and $1,624, respectively) 48,263 37,948
Contract liability, current 757 609
Other current liabilities 592 588
Total current liabilities 49,612 39,145
Term loans, net (including related party amounts of $4,826 and $4,819, respectively) 96,522 96,374
Financing liability 74,673 72,140
Contract liability, net of current portion 978 1,130
Other accrued liabilities 4,478 4,605
Total liabilities 226,263 213,394
Commitments and contingencies (Note 9)
Stockholders' equity    
Preferred Stock, $0.0001 par value per share; 10,000,000 shares authorized at March 31, 2026 and December 31, 2025; no shares issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value per share; 200,000,000 shares authorized at March 31, 2026 and December 31, 2025; 99,300,137 and 99,290,926 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 10 10
Additional paid-in capital 416,615 408,726
Accumulated other comprehensive (loss) gain, net (96) 125
Accumulated deficit (355,221) (294,603)
Total stockholders' equity 61,308 114,258
Total liabilities and stockholders' equity $ 287,571 $ 327,652